Last week I found out that my I/O status was now void.Being a industrial millwright in my field I was granted that for the last many many years. Now,I believe that has now gone by the wayside. In a nutshell,whoever employed me was not liable for any work related accident that happened to me in there location,caused by myself to myself.
So now things have changed.Along as paying monthly liability insurance in the 2 miilion range they now want me to pay approx,$4.166/$100 earned. In this economy I believe it's another money grab that I will have trouble passing on to my customers. I understand the law for employees(must have),but on your own?,I do have two other insurance plans that would cover loss of wages and the other mortgage insurance. I guess I will have to review my 1st policy and at this time may have to cancel one. This is a good thing I believe for myself,but does come with a cost.
Anyways,any other self employed guys paying this?,and how does my rate compare to yours?.
Pay,Pay,it never ends!
Any one need a reliable Millwright? completely covered !,? just saying .