Insurance costs depend on several factors, such as location, size of company (or payroll or cost of contractors - the rating basis can vary depending on the type of worker) and claims history. It also depends on the limits, endorsements, deductibles and the overall claims history of your business type with the chosen insurance company. In Texas, Comp is voluntary, but you remain liable to your workers - even subcontractors who don't have coverage. And, you need to opt out formally with the state - not just forgo coverage.
Usually workers comp is less than the Liability Insurance. The Liability is based off of the gross receipts where as the workers comp is the number of employees and their hourly rate.
Generally they will take a portion of the settlement plus costs.
This will depend on how much income you lost. You may be eligable for SSD, depending on whether or not you are disabled. Consult an attorney who specializes in Social Security issues. It will not cost you anything unless you get a settlement from Social Security.
Did you actually buy Workers Comp or General Liability Insurance for that contractor? If not, Then you have no right to deduct the cost of something you did not provide. If you "Did" go out and buy the required insurance and that requirement was in your contract, then you should have no problems deducting the cost from the check. Your supposed to verify that they have the appropriate insurance "before " you hire them.
It will depend on your state's worker's comp law. Each state varies. Each Workers comp agency has a webpage to answer your question. If you had medical bills from the fall, Workers comp will usually cover the medical cost if you filed a report with the employer when it happened.
yes
The worker's comp law is slightly different in each state. Basically if an employee is injured in the course and scope of their work, they are entitled to having the cost of medical care paid, and if they miss time from work, they are to be paid for wages they miss. There ARE limits on how much the payments are. You should look up worker's comp for YOUR state.
$15 per hr
5.8 Percent
You normally do not get a settlement from workman's comp, you are usually treated and they cover the cost through your workman's comp insurance. Depending on the state you live in, once you have agreed to be treated through workman's comp, you can no longer legally sue your employer.
It cost $9,794 to get into Texas University without a scholarship
Total comp cost = wage per hour + benefit and pension cost per hour + employer Social Security cost per hour + unemployment tax per hour + worker comp tax per hour.