Yes, if intentional, it is Insurance Fraud by concealment.
If it was not your intention to omit your employees then it is an oversight error on your application.
Should your insurance company find out you omitted or concealed information they have several options.
1. If the omission was unintentional, they will most likely just adjust your rate and bill you for the additional unpaid premium for your risk.
2. If intentional, they could cancel your policy out right due to a perceived moral hazard and still bill you for the unpaid premiums your risk represented.
3. If intentional, they could void your policy and refuse to pay claims associated with your business operation.
4. If intentional and a paid claim ensued, they could also file charges against the insured and / or seek reimbursement through tort from you for claims already paid.
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
Yes, You can add non-owned liability to you commercial auto and your commercial general liability policy. Some companies may not offer the coverage, but most do. If you need Commercial insurance contact any broker/agent, or contact me in Texas at 866.358.0480.
Liability Insurance started with employees within the industrial times.
The Highpoint Insurance group offers commercial insurance. Their specific offers are Commercial Property, General Liability, Workers Comp, Commercial Auto, and Management Liability.
Yes, according to StateFarm's website, they do offer commercial liability insurance for work vehicles. http://www.statefarm.com/insurance/business/commercial-auto-insurance.asp
Yes you will need a contractors license and they will require you to have a bond and liability insurance also if you are going to have any employees workers comp.
All the major insurance companies offer general liability insurance for commercial workplaces. Some of these are Nationwide, Progressive and Allstate.
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.
You need a commercial general liability policy.
Commercial liability umbrella insurance has many benefits to the company. The liability umbrella insurance is pretty inexpensive compared to other coverage policies. It also provides better protection and coverage.
the economy
Commercial Liability Insurance is a must when you own a construction business. I would suggest you use Boggus Insurance Company. They are one of top leaders in the field.