Yeah - I agree totally with Sparkle on the fluctuating rate depending on experience, etc.
I’m not trying to brag, either, about paying more, although it kind of sounds like it. In fact, I’m sure some think I’m foolish for doing that, since I make less money at the end of the day.
Crunch the numbers, then figure out the maximum you can pay, and then negotiate the price down as far as you can while still keeping them happy…
If your pricing is on track, you should still have solid wiggle room left for profit.
Where I am, my liability insurance rate is determined by gross sales, not number of employees, so it doesn’t make sense to factor it into employee costs. I only consider what I will have to pay out in terms of workman’s comp on top of their wage, since their taxes come out of their paycheck, not mine.
Incidentally, workman’s comp is around 16% on top of wages, in Ontario, Canada.