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Employers Looking for Coverage Often Report Obstacles
Construction companies and those in the trades see similar challenges with obtaining workers' comp coverage.
High (and Rising) Costs
Workers’ compensation costs are substantial and can quickly escalate if not managed properly.
Lack of Options
Companies often have limited avenues in the marketplace to address their workers' compensation challenges.
Poor Claims Management
A lack of options leads companies to overpay for inadequate claims management, ultimately driving costs higher.
Protecting Your Crew and Your Bottom Line with Smarter Workers’ Compensation Solutions
At Alloy, we bring a proactive, hands-on approach to workers’ compensation, specifically designed for businesses in construction and the trades. Our goal is to help you reduce costs, prevent unnecessary claims, and keep your workforce safe and productive. Here’s how we do it:
Lower Your Workers’ Comp Costs – We help you find cost-effective coverage and implement strategies to minimize premium increases.
Streamline Claims Management – Our team handles the complex paperwork, ensures accurate reporting, and works to resolve claims efficiently.
Boost Job Site Safety – By providing customized safety training and risk assessments, we help prevent injuries before they happen.
Navigate Compliance with Confidence – Stay ahead of changing regulations with our expert guidance and industry-specific support.
Faster Recovery, Less Downtime – Our return-to-work programs help employees get back on the job safely, reducing lost workdays and disruption.
Find Flexibility
Do you feel as if you are locked into a workers' comp system in which you are overpaying for subpar outcomes? You are not alone. That is because the
workers’ comp system is broken.
Be Proactive
The best way to control costs and reduce risk is to closely manage workers' comp claims and every other step in the process. This is what we do. We call it
Proactive Claims Management.
Control Costs
The key to controlling workers’ comp costs both in the short and long term is to work with a partner whose interests are aligned with yours.
Work with a partner who only wins when you win.
How Much Can Workers' Comp Cost For A Construction Company Or Trades Business?
The cost of workers' compensation insurance for businesses in construction or the trades varies depending on several factors. Generally, these industries face higher premiums due to the physical and hazardous nature of the work. The primary factor influencing cost is the type of work being done, as certain tasks are riskier than others. For example, businesses involved in heavy construction or demolition typically pay more for workers' compensation than those engaged in lighter, less hazardous trades like general contracting or residential remodeling. Insurance providers use job classification codes to determine the base rate for premiums, with riskier jobs resulting in higher costs.
Another important consideration is the size of the business, particularly its payroll. The larger the payroll, the higher the premium, as insurance costs are often calculated based on the number of employees and the total wages paid. In addition, businesses with a history of frequent or significant claims may face higher premiums, as they are considered higher-risk. Conversely, companies with fewer claims or a strong track record of safety may benefit from discounts or lower rates, incentivizing safer work environments and practices.
Finally, location plays a role in determining the cost of workers' compensation insurance. Each state has its own workers' compensation regulations, including varying base rates and additional fees. As a result, businesses in different states can expect different premiums based on local laws and assessments. To get an accurate estimate, construction or trades businesses should consult with an insurance professional familiar with their state’s rules and rates.
Don't get stuck with a workers' comp partner whose interests are not aligned with yours.
We only succeed when YOU succeed.
As our customer, you are able to shift your risk. Alloy becomes responsible for all risk and is therefore proactive and watchful of all steps in the workers' comp process. The way we work, we only win when you win.
Proven Results
The average Alloy client saves over 20% on their workers' compensation premiums immediately after onboarding, and that's just the beginning!
Escape the Status Quo
Recent industry changes make it easy to ditch high fees and sub-par service for a true partner who's aligned with your goals.
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Get a Free Workers' Comp Quote
Get an absolutely free, no-obligation analysis of your company’s Workers’ Compensation program including rates and claims management performance.