General Liability insurnace for a General Contractor is not inexpensive. Many companies have minimum premiums starting at 5k. If you are doing new residential construction the lowest premium I've seen is 25k. It would be in your best interest to contact a local Insurance Broker who specializes in Contractors. They'll have a more comprehensive market and be able to offer you the best quotes.
There certainly are few policies that would fall in the inexpensive category but by working wtih an agent who specializes in this field you can certainly get better rates. Premiums start at around $8,000/yr.
General Liability insurance can be purchased through some reputable companies such as Nationwide Insurance, Geico Insurance, EInsurance and All State.
You need A General Liability Insurance Policy
You Need General Liability Insurance.
can a contractor have liability insurance backdated to show the company was insured
There is no difference.
General liability covers Public and Producs Liability, therefore by having General Liability cover, public liability is covered also.
Compare general liability insurance quotes from multiple providers. Learn about liability insurance in our free buyers' guides to business insurance.Hiscox specializes in general liability insurance for businesses with 10 employees or less.
The difference between employers liability and public liability are simple. Employer liability insurance covers only claims made by the employees against the company. Public liability covers claims against the company by the general public as well as third parties claims.
form_title=Business Liability Insurance form_header=Protect your business with the right business liability insurance for your needs. What is the annual revenue of your company?=_ Does your company currently have insurance coverage?= () Yes () No What type of business liability insurance do you need? (Check all that apply)=  General Liability  Workers Compensation  Business Owners Policy (BOP)  Property  Professional Liability  Business Travel  Business Automobile
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.
You need a commercial general liability policy.
definition of comprehensive & 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)?=_
General Liability insurance is purchased through any insurer that provides commercial insurance lines coverage.
General liability insurance is the best insurance plan for you and your family related to home, car and many more. for more
Comprehensive general liability insurance covers businesses against many liability exposures of a business. Comprehensive general liability insurance coverage includes completed operations, elevators, independent contractors, and more.
form_title=Purchase General Liability Insurance form_header=Protect yourself and your business from accidents with general liability insurance. Describe the business and/or property needing insurance:=_ Have you had this product in the past?= () Yes () No How soon do you need this product?=_
NO Totally seperate policies, tenant legal liability can be added to bops, general liability can be found within a bop policy, but they are different coverages. Work with your broker to understand what insurance coverages your company needs and why.
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.
It is a good idea to consider purchasing general liability insurance for your business. General liability insurance can protect your business and give you peace of mind.
Contact an agent in your area.
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Well it depends on the company providing the policy. Most will calculate the premium based on your direct payroll and they could also add in payroll for your subcontractors. If you don't want to pick up the premium charge for your subcontractors you will have to show the insurance company that the subs carry their own liability insurance policy. Hope this helps. By the way NY is a difficult state to even find reasonable liability insurance for general contractors.
There are three companies I personally know about. They are SafeAuto, The General and Geico.
NO YOU CANNOT USE THE MANUFACTUERS INSURANCE, YOUR COMPANY MUST PURCHASE THEIR OWN GENERAL LIABILITY INSURANCE