What would you like to do?
Your state insurance department is your best resource for insurance-related questions and concerns. Find information on insurance companies and agents, rate quotes and comparisons, insurance buying tips, claims filing information and much more!
State Insurance Department websites: http://www.naic.org/state_web_map.htm
State Insurance Department websites: http://www.naic.org/state_web_map.htm
2 people found this useful
Was this answer useful?
Thanks for the feedback!
You need a garage keepers liability policy which will include coverage for the motorcycles in your possession, liability while testing them, liability for the premesis and… your work, etc. If you have employees you will also need work comp insurance. If you are just starting this business up, I would estimate 1% of your total gross reciepts as insurance costs, with a minimum of $2,000 annually.
The cost of general liability depends on said person's life, lifestyle, and home. General liability covers many public costs and product liability risks.
What is the average cost for general liability and automobile liability insurance for a mass transit company?
Answer There are too many variables, you will need to contact an agent or agents and get quotes.
Which insurance companies in California provide General Liability insurance for pest control companies?
Philadelphia Insurance Companies Contact: Mike Bibeau email@example.com
Business Liability insurance is not very costly, but new clothing companies should be aware of a few factors that impact cost. In general, liability insurance with limit…s of $1,000,000 per occurrence, sufficient to meet the requirements of many buyers (stores, mega stores, wholesalers, boutiques, etc.) should cost $750 to $1,000 per million of gross sales. If you are a start up, with zero gross sales, expect to pay at least $600 to $850 for a start up policy no matter how much you gross. If you are a start up, interested in making and selling infantwear, childrenswear, or sleepwear of any kind, you need to be aware of the U.S. Consumer Products Safety Commissions requirements for apparel, and flammability testing requirements. And be aware that insurance carriers are very wary of this class of apparel in general and expect to pay $5000 minimum annual premium. I am an insurance agent in the Los Angeles area specializing in apparelinsurance and you can find me through google.
The cost of general liability depends on. 1) The type of contracting work you plan to do (Commercial, Residential, Demolion etc). 2) The amount of work you p…lan to perform in a year. 3) Your expected payroll and/or subcontractor expenses. 4) The amount of coverage you want. (Do you want $100,000, $500,000 or $2,000,000 in coverage) A $ 500,000 policy can cost one contractor $5,000 and another $8,000. I recommend getting a few quotes from an insurance agent that specializes in writing policys for general contractors.
Not only is it possible for the company writing the commercial general liability insurance of a contractor write a surety bond for the same company, it is often preferre…d. The insurer writing the commercial general liability (CGL or GL) is uniquely qualified to write the bond quickly and in a more cost effective manor. The GL insurer already has important underwriting information on the contractor on file, which can expedite underwriting. The insurer already knows the size and expertise of the company, payroll, payment history on insurance premiums, claims history, and usually a loss control survey. They may or may not already have a business credit report on file. Therefore, the carrier which writes the GL only has to gather underwriting information in relation to the specific contract to be covered by the bid or performance bond. This reduces the cost and time to underwrite the bond, and this savings can be passed on to the applicant. Also, some carriers underwrite insurance from, the "account perspective." The underwriter takes into consideration the profitability of the entire account when writing a new line of coverage, not just the policy presently being underwritten. This means that if the existing lines of an account are profitable, and the bond is seen as marginal or questionable, it may be written as an accommodation by the underwriter in consideration of the other, more profitable lines. However, not all insurance carriers writing general liability for contractors write surety bonds, or they may not be the most cost effectively priced. However, the carrier writing the GL is a great place to start for a bond, and due to time constraints in certain situations, may be chosen even if they are not the most cost effectively priced. Remember, there is no difference between carriers on the surety bond form, as it is prescribed by the indemnitee (party which could potentially receive a payment from the bond). The only difference between surety companies is the premium charged for the bond, the collateral required (at the very least a corporate indemnification) and the financial rating of the surety company. Mark Walters, ARM AAI West Insurance Group firstname.lastname@example.org
Each company will differ based on your specific situation and coverages, one will not always be the lowest. If you currently have coverage with a company, even personall…y, the best place to start is with them since you already have a relationship established. Also factor in today's economy and try to choose a company that isn't going under.
It depends on how much coverage you need, what kind of liability (General Liability? Employer's Liability? Auto Liability? Professional Liability?...) & what deductibles…, if any, your claims experience, your work experience, who the insurance company is and the way their coverage forms read, their overall claims experience for companies like yours, and where you are located & operate. Your insurance agent can help you with specific quotes. Please note that in general, insurance is always based on these kinds of factors so it's hard to give a ballpark estimate for ANY kind of insurance.
You will most likely spend over 1000 a year with only 1-2 employees. More employees make for more cost and you will find a large number of insurance writers try to scam you. …Be careful.
Depends on the state but is always much less than insurance companies start at anyway. Smallest available policy is 1million coverage-still much more than required most states… for co licensing.
General Liability insurance can be purchased through some reputable companies such as Nationwide Insurance, Geico Insurance, EInsurance and All State.
CGL premium rate are generally based on your annual receipts and your labor costs, payroll and costs of subcontractors. Also effecting your insurance rate will be whether y…ou require your subcontractors provide you with proof of their own liability insurance for their work performed or if you are going to provide coverage for the Subcontractor as well under your own General Liability Policy. This greatly effects the risk factor associated with your coverage. The above being said, You could find a rate as low as 16 hundred dollars a year for a small contractor or several million dollars a year for a very large contractor. It really just depends on the volume of annual work to be covered and the scope of coverage needed.
This is not an easily answered question. The amount of general liability insurance need varies depending on what the business does, what their assets are, and several other fa…ctors. It will differ based on several factors and may differ on situations individual to each business.
All the major insurance companies offer general liability insurance for commercial workplaces. Some of these are Nationwide, Progressive and Allstate.
Some insurance companies that offer construction liability insurance include Goodman Insurance and Progressive. You can learn more about these companies and their insurance pl…ans at their official websites.