Qualified Remodeler Magazine

AUG 2016

Qualified Remodeler helps independent remodeling firms to survive, become more professional and more profitable by providing must-have business information, namely best business practices, new product information and timely design ideas.

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Page 23 of 99

67 percent would be tax free, says Messier, while other states will pay 100 percent but have maximum weekly pay limits. "Every state has its own maximums, minimums and per- centages," Messier reiterates. "ere are 50 states; there are 50 laws," he says. "You need to find someone who can give you real advice about workers' comp in your state. You can find that person at a NARI or HBA meeting. ere are insurance agents who work almost exclusively with contractors. ose are the people who will understand the business and industry." who understands your state's particular law. "You need to comply with the laws of the state you're working in, not the laws of the state your office is in." A BUSINESS owner is responsible for any- body on the jobsite who gets hurt; the own- er needs to pay 100 percent of any incurred medical bills, plus lost wages. at coverage includes subcontractors, as well as direct em- ployees. Every state has its own definition of "lost wages." Some states will cover wages up to 67 percent of the gross wage because that Workers' Compensation Find an insurance firm specializing in workers' compensation and construction to guide you through the process of properly insuring your company By Laurie Banyay onstruction workers regularly rank in the top 20 most danger- ous jobs in America. Although not a scenario many remodeling business owners want to consider, obtaining a proper workers' compensation policy can quite literally save a business owner from financial ruin in case of worker injury while on the job. Every state has its own workers' compensa- tion law. Tom Messier, vice president of con- struction industry services at Mason & Mason Insurance Agency, Whitman, Mass., stresses the importance of working with someone C QR PROFITS: NARI Recertification

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