There is no "absolutely" answer to this, or to any other question pertaining to this or any other kind of insurance. Insurance rates, from which premiums derive are functions of the risk factors presented by the insured's business operation. Certainly, insurers vary on the rate (and therefore, the premium) that is charged, but "cheap" does not equate with "best" and you should not make your decision based solely on the premium. You also need to consider the level of claims service in the event of a loss. Despite what may be a lower premium, if the claims process in the event of a loss is difficult to navigate, it may not be worth the few dollars in premium that are being saved. Therefore, it is critical to shop various companies that write the insurance, ask colleagues in your industry about their experiences, and to deal with an insurance agent who has access to many companies and is conversant with the type of insurance that you seek.
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.
Contractors Liability Insurance is actually a form of Commercial General Liability (CGL)insurance tailored for the construction contractors market. CGL provides insurance for your company in the event you cause property damage and/or bodily injury to a third party. (i.e., your customer or an innocent third party) CGL comes in different forms with different coverage It is essential to match yours coverage needs with your work risk exposure. A good insurance professional can help you with this. NOTE Liability insurance does not cover poor workmanship, tools or injury to employees.
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)?=_
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.
It would definitely be worth getting liability insurance for your new business. It is in place to protect businesses from being sued by a third party due to negligence. Having liability insurance is a must for any business. Liability insurance, or business insurance, protects your company against lawsuits that claim you failed to use reasonable care.
If you only carry liability insurance, that is all that the insurance company is liable for in this state.
If you have liability for an accident, you will need to contact your insurance company. If you do not have liability insurance, you may need to pay for the accident out of pocket.
You can add the new business to your existing policy. The cleaning company would not be covered until you add it to the policy.
Yes you need to have your contractors license and the state will require you to have a liability insurance policy and a bond.
Yes, That's why you always make sure your contractors are insured before you hire them. The contractor should always carry General liability insurance to cover the cost of accidental damage to a property they perform work on. Most General Liability Insurance policies will also have coverage for completed products and operations as well.
From any insurance company of your choice.
Anybody who subscribes to a liability insurance company is completely covered from any kind of lawsuits. A business liability insurance would cover the base costs of the defense fees.
The Company Liability Insurance is a protection service. The company that sells the insurance is called Nationwide, and the base is in Colombus. One thing that is unique with this insurance is the uninsured and underinsured mororist coverage.
Construction Contractors typically purchase Commercial General Liability Insurance. Other considerations may be company vehicles, equipments, tools, materials and supplies.
Liability insurance depends on the area you live in. For example, Zurich Insurance is a good liability insurance for Canadians, while USLI is a good US company.
You can purchase car liability insurance from the same company you get your regular car insurance from. If you are a new car insurance customer, ask your agent to add liability insurance to your plan.
You can purchase limited liability insurance from any company that sells a car insurance policy, so you will choose the level of coverage you want to buy.
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.
Allstate is one of the most well known insurance company that provides auto insurance liability. Other companies that provide this service include GEICO and Nationwide.
You can get information about small business liability insurance from almost any insurance company, even the ones that advertise for auto insurance. The Nationwide company has liability insurance for businesses. Information can be found on the official website.
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
If another person was at fault for the accident, you will need to go after their insurance company. If you are liability only, your insurance company will not pay for anything.
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.