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What sort of liability insurance does one need for a sole proprietor HVAC Repair business?
As an Sole Proprietor providing a repair service you are considered to be engaged in a commercial activity. This type of repair usually comes as a service or repair contract, hence the contractor reference
Good luck
AnswerA local Insurance Broker is the best way to find business insurance. They are not a captive agent like Farmers, State Farm and Allstate. They have the ability to shop the market to get you the best rate.
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What sort of liability insurance does one need for a sole-proprietor HVAC Repair business?
(CGL) Commercial General LiabilityThe type of insurance you need is called "Commercial General Liability" also sometimes referred to as "Contractors Liability Insurance" As an Sole Proprietor providing a repair service you are considered to be engaged in a commercial activity. This type of repair usually comes as a service or repair contract, hence the contractor referenceGood luckAnswerA local Insurance Broker is the best way to find business insurance. They are not a captive agent like Farmers, State Farm and Allstate. They have the ability to shop the market to get you the best rate.
Where can one find cheap liability insurance for a hvac repair business?
An insurance broker or agent licensed in your state can help you find liability insurance for your HVAC Company.
What sort of liability insurance does one need for a sole-proprietor auto detailing business?
The insurance that I carry for my Detail business is $500,000 policy that covers the trailer and its contents with comp and collision because I'm mobile, higher coverage for the tow vehicle, and coverage for any repair on and in the vehicle that I am working on.
What sort of insurance dose a sole proprietor truck repair shop need?
A sole proprietor truck repair shop typically needs several types of insurance to protect against various risks. General liability insurance is essential for covering third-party claims for bodily injury or property damage. Additionally, commercial property insurance can protect the shop's equipment and premises, while garage liability insurance specifically covers risks associated with working on vehicles. Finally, workers' compensation insurance is vital if the owner employs any staff, providing coverage for work-related injuries.
What is the average cost for liability insurance for an appliance repair business?
I just got a quote in Nebraska for 250 yr for general plus 500 yr for commercial excess liability.
What is garage liability insuracne?
That is the type of insurance policy that a car dealer or repair shop would carry. Covers their business risks.
How much is general liability insurance for a motorcycle repair shop?
You need a garage keepers liability policy which will include coverage for the motorcycles in your possession, liability while testing them, liability for the premesis and your work, etc. If you have employees you will also need work comp insurance. If you are just starting this business up, I would estimate 1% of your total gross reciepts as insurance costs, with a minimum of $2,000 annually.
What is the average cost for general liability insurance for a auto repair shop?
55 dollars
What is class code 10073 for general liability insurance?
10073-0-Automobile Repair or Service Shops
What insurance do you need for an auto repair business?
Garage Keepers LiabilityThe type of coverage you need is a "Garage Keepers Liability" Insurance Policy. This Commercial Lines Policy is the appropriate insurance coverage for an Auto Repair Business and is widely available through most commercial underwriters.Just contact a local agent that offers commercial insurance in your area.Auto repair businessIt's important to make certain your policy covers: Products/Completed Operations Insurance for all completed work you perform on vehicles.Personal and Advertising Injury Insurance - In case you slander another firm in your advertising.Medical Expenses Insurance - In case a patron is injured on your premises.These coverages are all usually provided through a Commercial General Liability Insurance Policy.Best of luck with your businesses. Remember to compare quotes so you get the best prices and the best plan to meet your needs.
What is class code 92451 for general liability insurance?
92451-0-Electrical Apparatus Installation, Servicing & Repair
Are auto warranty companies exempt from carrying general liability insurance coverage?
No - they are not exempt - there really is no requirement for General Liability insurance such as there is in some states for auto insurance. To my knowledge there are no general laws that require any company to carry General Liability insurance. There may be local or state laws that require proof of insurance to access privileges, such as being licensed to conduct business in a town or state. Many entities require proof of coverage such as customers, lienholders, mortgagees, licensing entities (city, state, business, professional licenses), and many more. I do not believe there is a blanket "law" or requirement that applies to all business entities. In practical fact, it is the stakeholders in and around any business that "require" insurance to make the risk of doing business with the entity one that is somewhat controlled. Auto warranty companies may be only selling a promise to provide a service through another entity - the dealer or repair shop - and therefor try to advise an unhappy customer that they don't need insurance, i.e. go see the entity that was to provide the maintenance/repair. That does not mean the warranty company does not have insurance; most probably they carry both General Liability and Professional Liability. It is most likely they carry a VERY high deductible and REINSURE the rest and are probably part of a Risk Retention Group which further reinsures the exposure.
