Thank you so much for highlighting our win and sharing our story!

@RoofingInsights3.0

Ай бұрын

Thank you for sharing! It will help many!

They where charging me $17,500 for six months and I disputed it for workers comp in California, and ended up paying $5,000 dlls. They are just scammers

Great information. Thank you for taking the time to put this video together.

I was door knocking with a company got about 10 signatures only 1 approval I later found out I’m supposed to be the one “manufacturing” the roof to get it approved. Wasted 6 months and $

I need an attorney to fight a workers comp audit now. Who has a good one?

@booradleydroid

Ай бұрын

bump for visibility

Awesome piece!

I was on the other side of the workers comp issue in California. I had to file a claim that my employers insur co refused. I had to get an attorney, and the insur has their attorney. It took more than 3 years for me to "win". It was Drs, attorneys, and the court system raising the cost, I was never paid what I lost. I refused to resign, so I got 13K. A coworker resigned as part of his deal, which was 55K.

@benchoflemons398

Ай бұрын

I mean CA does have like half the country’s work comp claims. It’s institutionalized fraud as Warren Buffet said.

Nick from Hero is so level headed. He offers business coaching, highly recommended.

There’s some really shady insurance companies in Minnesota also.

I agree there could be abuses by the insurers, but the bigger problem that we see is our competitors intentionally not paying work comp correctly and they smoke us on price. We know the audit is coming so we pay our people correctly, but that means we have to collect it on the price of our roofs, which makes us higher. An argument can be made that it’s not fair to us when we play the game the right way and other players roofers just game the system until they get caught, shut down, file bankruptcy, and open up the next day under a new name.

@ryanjackson8485

Ай бұрын

Licensing, push for licensing and permits in your state. Also remind yourself it is really immoral to put a man in a roof without workers comp. Let those guys build their companies the wrong way, nothing good is at the end of that road.

Good topic, I've been with State Fund of Ca. for 30 years get audited every year. I have a no loss run of 15 years and my rates went to 43% for over $29.00 per hour and 80% for under 29.00 per hours. It would be interesting to hear the rates in other states?

I have good relationship with my subs, both insured on each side and I pay him as 1099 and not into LLC. Is this okay? Last time I check, it is their choice to take out workers comp just as it is for me, but I take exemption. Also the they work for more than just me and I have more than one crew I use depending on job type which means they are exempt from having to be reclassified as w2. There’s no way I give them majority of their work. With all things considered, this applies more so if the “1099’s” primarily work only for one contractor, which entitles them to these benefits. This is what you mean correct?

Many reasons why we exist. Not to mention, when they file or plan to file bankruptcy, how many still owe Builder Supply? Now liens are placed on residential properties and homeowners have to pay again. That is the okd model. We represent the new way for residential roofing. Everyone wins.

This comment is from a long-time roofing company owner. Roofing company owners know (if not, shame on them) what they are signing up for when they take out an insurance policy. If their payroll or net receipts (two common methods of determining GL or WC premium due) are above what they estimated for the policy period, they owe more premium. It's part of an insurance company being compensated for the risk they assumed, and which the policyholder agreed to in buying the policy. It's not a "rip-off" or an insurance company being "greedy." If an audit incorrectly picks up something as receipts or payroll (which certainly happens) then absolutely it should be disputed/worked out. But essentially blanket statements like Dmitry (whom I generally like and respect) is making here, that all audits resulting in amounts due are unfair or a "ripoff," are frankly disingenuous, and result in people "piling on" with "Yeah... all those insurance companies are crooks and anything they bill is necessarily wrong!" That isn't accurate, nor is it helpful.

@RoofingInsights3.0

Ай бұрын

It wasn’t just “blank statements”. Story highlighted in this video is very common. Insurance company didn’t have extra risk, audit shouldn’t have taken 7 month, and they shouldn’t try to get $300k from small business. You are right about few things but problem is real and exist.

100% agree

I was the biggest fan of yours. Paid for your courses for a year….. I believe you’re driving a lot of contractors out of business. I’m sure you still have my info if u ever wanted to hear my opinion gimme a call. I have been in business 11 years.

No W-2 employee = no audit

@RoofingInsights3.0

Ай бұрын

Not true at all

@itsTOPGtime

Ай бұрын

Not true. We were 100% 10-99 but because we had to have a policy for people we had done work for on larger jobs we’ve still gotten audited.

Complete rip off

I am trying to figure out how this guy had such a fat bill. I am not following.