|Re: workers' comp insurance question||<– Date –> <– Thread –>|
|From: Jan (jansunward.org)|
|Date: Wed, 15 Dec 2004 10:25:25 -0800 (PST)|
> Problem: We have been asked by the insurance carrier how many people are on > our payroll since the premium is based on this number Maybe you could use full-time equivalents (FTE's). This measure is used in government contract research proposals, probably elsewhere too. Forty person-hours per week x 52 weeks/year could be a definition of one FTE. I am not sure what the official definition is; you could probably find it. Anyway, by this definition, one FTE is 40 x 52 = 2080 person-hours. Divide the number of hours your workers put in and divide by 2080 to get the number of FTE's you use. This is just a suggestion. I do not think we insure our volunteer workers, although I have heard of non-profits who do. I am sympathetic with anyone who has to deal with insurance in cohousing. Jan Sunward Ann Arbor, MI ----- Original Message ----- From: "Sally Wright" <shwright [at] sbcglobal.net> To: <Cohousing-L [at] cohousing.org> Sent: Monday, December 13, 2004 3:47 PM Subject: [C-L]_ workers' comp insurance question > We would appreciate any information on the following problem. > > Background: An attorney who specializes in HOAs has strongly recommended > that we get workers' comp insurance to cover our community members who > volunteer approximately three hours per month. We are in the process of > obtaining this coverage. > > Problem: We have been asked by the insurance carrier how many people are on > our payroll since the premium is based on this number.
- workers' comp insurance question Sally Wright, December 13 2004
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