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What licenses insurance and or bonding is needed in PA to begin a repo business?
Wiki User
∙ 14y ago
iIf you want to be a licensed repo business to deal with finance companies such as banks or credit agencies you will have to contact the Pennsylvania dept of banking they issue the license and have the requirements on the application and undergo a criminal background investigation also you will also have to check with the PA Dept of motor vehicles for tow truck plates and meet the requirements. If you want to do repos for a buy here pay here and they have an installment license you are not required to have a repo license. i would recommend that you carry general liability insurance of at least for $1,000,000.00 general and E&O per occurrence you can lower the coverage i would not go under $300,000 general
Wiki User
∙ 14y ago
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form_title=Small Business Insurance form_header=Small business insurance is necessary to protect your company. An insurance professional can help you identify the potential risks associated with your company and customize your policy to meet those needs. Type of insurance needed:= {(),Business Owners Policy,Business Auto Insurance,Business Property Insurance,Business Liability Insurance,Home Business Insurance,Workers' Compensation,Business Umbrella Liability,Professional Liability Insurance,Directors and Officers Liability,Business Identity Theft,Group Health Insurance,Business Life Insurance,Key Person Life Insurance,Agricultural Insurance,Product Liability Insurance,Personal Insurance,Not Sure} Number of Full Time Employees=_ Years In Business=_
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form_title=Commercial Insurance form_header=Manage your risk with a commercial insurance policy tailored to fit your specific business needs. Number of Full Time Employees:=_ Currently Insured:= () Yes () No Years In Business:=_ Type of Insurance Needed (Check all that apply):= [] Business Owners Policy [] Commercial Auto Insurance [] Business Property Insurance [] Business Liability Insurance [] Home Business Insurance [] Workers' Compensation [] Business Umbrella Liability [] Professional Liability Insurance [] Directors and Officers Liability [] Business Identity Theft [] Group Health Insurance [] Business Life Insurance [] Key Person Life Insurance [] Agricultural Insurance [] Product Liability Insurance [] Personal Insurance [] Not Sure [] Other
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