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Does a home based child care center need commercial liability insurance?
Wiki User
∙ 12y ago
To become licensed child care center, you are required to have commercial liability insurance. However if becoming licensed is not your goal, commercial liability insurance is not necessary. You should consider increase your home owners insurance to protect you in the event of accident. Most insurance companies will provide you additional coverage for people wanting to do a start a home based day care.
Wiki User
∙ 12y ago
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What is the average cost for COMMERCial liability insurance for a company?
The rate is based on the type of business you have and the gross receipts or payroll.
LLC Liability Insurance?
form_title=LLC Liability Insurance form_header=Even as a limited liability company, it's important to have protection from personal liability. Have an insurance professional create a personalized quote based on your business risks. Type of Insurance Needed:= [] General Liability Insurance [] Property Liability Insurance [] Professional Liability Insurance [] Directors and Officers Liability Insurance [] Product Liability Insurance [] Other [] Not Sure Years In Business:=_ How many total people work in your business (including yourself, owners, officers, employees, contractors, etc)?=_
Why are commercial liability insurance rates based on gross receipts or payroll?
Commercial liability insurance rates are often based on gross receipts or payroll because these factors provide an indication of the size and scale of a business. Gross receipts reflect the revenue generated by the business, which can be an indicator of its potential exposure to liability claims. Payroll, on the other hand, reflects the number of employees and their wages, which can also be a factor in determining the likelihood and severity of potential claims.
What is the ratio of the insurance cost of Worker's Comp to Liability Insurance?
Usually workers comp is less than the Liability Insurance. The Liability is based off of the gross receipts where as the workers comp is the number of employees and their hourly rate.
Can you get regular auto insurance while registering the vehicle with commercial plates and what the pros or cons in New York State?
What do you mean by "regular"? The price of the insurance is generally based on the type of use and location of use. If the vehicle will be used "commercially" i.e. having commercial plates, the rates will be based on "commercial" rates. If it is registered "passenger" i.e. having passenger plates, the rates will be based on "passenger". If shouldn't matter if the entity buying the insurance is a person or a corporation. The price is mostly based on how you use it, the driving record of the listed driver(s), and the location of garaging. I have found over the years that in NY "passenger" rates are lower on the liability portion, and higher on the theft/collission portion. Conversely, I found that "commercial" rates are high on the liability and lower on the theft/collision.
Why are liability insurance quotes varied from one company to the next?
While insurance liability quotes can vary greatly, they do not reflect on the company. The variances are usually based on the size of the company and its profitability.
Is my liability Insurance based on payroll or sales?
I think that it would be based on the amount of liability protection you need, you don't say exactly what kind of policy you are speaking of. Contact your agent and he will have this information.
What are the main rules used by contractors general liability insurance?
Contractors general liability insurance is based on one of two things, total receipts or payroll and cost of subcontractors. Contractors general liability insurance covers a company if their employees get hurt on the job or cause damage to a property while working.
How much is Liability insurance for a renovation company?
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.
What is product liability policy cost based on?
Product liability insurance premiums are based on the type of product you sell as well as the size of your business/the number of products you sell. Consider that the higher the risk of the product you sell, the higher the insurance cost. Selling key-chains as an example, would generate a lower product liability rate, than say selling guns.
Is monica creel in the swiffer commercial based at the grocery store?
Yes it is. She is also in the progressive insurance commercial that aired the spring of 08.
What does public liability insurance cover?
Industry and commerce are based on a range of processes and activities that have the potential to affect third parties. Public Liability insurance covers these third parties who may be physically injured or whose property was damaged as a result of the company.
