Ghost Workers Compensation Policy Explained
Ghost Workers Compensation Policy Starts here
Contractors starting out or trying to work for a General Contractor are being required to have workers comp and general liability insurance. Call us for Workers Comp that is $200.00 down payment and 8 monthly payments of $100.00. In Tennessee, the Workers Comp price is $150.00 down payment and 8 monthly payments of $75.00. The type of work you do as a contractor needs to be on this list, click here
Start your application for a ghost workers comp policy here. This process will initiate conversation with our office NOT a call center and we do not sell leads. We provide Ghost Workers Compensation insurance solutions!
NOTE: In Georgia, they now require the WC-10 exclusion form to be notarized.
Ghost Workers Compensation Policy is a weird insurance. Ghost Workers Compensation Policy provides coverage for the business and provides proof of workers comp insurance to those the contractor works.
Home owners, General Contractors, Business owners, Property Owners- all may require proof of workers comp and general liability prior to letting the contractor work. A Ghost Workers Comp policy provides proof of workers comp.
The strange issue about a Ghost Workers comp policy is that is EXCLUDES the owner from coverage. The Insurance company is also told that there are no employees. The result: No Employees = assumed no cost in the workers comp policy for payroll to employees. No coverage for the owner = The owner has excluded himself/herself. So the policy is only a Ghost of coverage… BUT, in today’s world most still view the Ghost Workers Comp policy as a “barrier” to keep the business owner or any employee from filing a claim against the business owner, home owner, or property owner.
So, NCCI sells a Ghost Workers Compensation Policy for $1,500.00. Our Ghost Workers Comp policy has a price of $1,000.00.
The NCCI policy requires a single payment for the full amount. Our policy requires a down payment of $200.00 and 8 monthly payments of $100.00.
So prior to buying a NCCI policy, review our requirements and see if you qualify. If so, give us a call or submit the online application for a prompt response to your Ghost Workers Comp Insurance Solution.