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Why do contractors have a down each year for general liability insurance?
Wiki User
∙ 14y ago
Most policies are for a term of one year. Insurance companies require down payments due to the fact so many contractors cancel their policies soon after they get their coverage certificates. This means they charge down payments to make sure they get enough premium to offset the cost of generating the policy.
Wiki User
∙ 14y ago
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How do you get no-down drywall liability insurance?
I doubt you can get any policy without some money down.AnswerNo company is going to provide you a commercial general liability policy without collecting your initial premium payment.
What kind of insurance do you need to cut down trees?
You need General Liability for your operation, Inland Marine insurance to cover the equipment that you're using to cut down the tree, Workers Compensation insurance to protect the employees, Auto insurance for your vehicles... and more depending on what other exposures you have. Call a local independent agent and they can steer you through the process.
Where should I get Knowledge of Liability Insurance?
Liability Insurance is a very broad topic and is included within many of the insurance disciplines. The best plast to start is with the Insurance Information Institute and then narrow down your area of interest. www.iii.org is their web site. Good Luck!
What happens in a hit and run and you have uninsured motorist in your liability insurance?
Liability only protects you from claims, UM is almost always only for injuries only. If they caused the damage, you have to track them down and make a claim against their insurance if they have any and you can find them. Check with your agent, we can only provide general answers that apply to most people in most states.
How much is insurance for Maryland sub contractor licence?
You can buy general liability on Craigs avge is 1200.00 yr 900 down since minimum is usually 1m dollars even if you need less.
Is there any part of auto or homeowner's insurance that covers you when on public transit?
Homeowners insurance does have liability. This liability is universal and is good for any where in the world. The insurance companies will not cover anything intentional though. It also breaks down to a scenario by scenario type of basis.
What liability insurance would you need for a warehouse in a rose business?
You would need property coverage and building personal property coverage specific to your industry. Being a florist, you have to account for what happens if the cooling system goes down and you lose your inventory. If you have clients coming into your location you need general liability insurance as well. Feel free to contact me at sjolton@bbandt.com to discuss further and/or get a quote.
Is my restaurant covered under my landlord's insurance if it burns down?
The structure is covered but the contents of the restaurant are not. For instance, your ovens, sinks, dishes fixtures, tables,etc would not be covered. You must have liability insurance for the CONTENTS of the restaurant. I don't know everything about insurance, but I do know that liability insurance won't replace your furnishings. You will need the commercial equivalent of the comprehensive part of Homeowners Insurance.
If a driver that is buying your car gets in an accident and doesn't have insurance am i liable for it?
you need to get down to your dmv and fill out a release of liability form.
Do private chefs need liability insurance?
A Chef could need the coverage depending on the work environment. Self Employed or Employed. If your a Chef working in the employ of another, the liability insurance requirement would fall on the employer and there would be no need for the Chef to buy it again. If Self employed, you should probably have General Liability Insurance Coverage. If you do need it, it would be called Professional Liability Insurance. Most companies would get this type of insurance for their chefs One question alluded to a client requesting proof of Workmen's Comp. insurance from a Self Employed Chef. In the State of Rhode Island, a sole proprietor does not need workman's comp. insurance for himself - only his workers if any. However, it would be prudent to carry a accident/disability insurance in case of accidents on client's property. The question of liability comes down to the fact that if the chef does not pay attention to the proper handling of food, people can get sick. Or they can also die depending upon if the person has a previous health problem. If health concerns are not attended to by the chef, he or she will have many problems. Cross contamination is a big problem in commercial kitchens as well as in home kitchens. The disability insurance is a good idea for injury. The liability insurance is an issue if the chef isn't handling the food correctly. It comes down to the training of the chef.
Is liability car insurance required for all vehicles in all states?
New Hampshire and Wisconsin are the only two states in the US that do not require that you have some type of liability insurance. However, this doesn't mean that you don't have to pay if you are in an auto accident. Yes it is. Every state in the union has as least some liability insurance requirement. Here's a list: http://personalinsure.about.com/cs/vehicleratings/a/blautominimum.htm (scroll down a bit).
Event Liability Insurance Protects Planners?
Event planners owe it to themselves to invest in liability insurance. If there is a theft from the entertainment or a vendor or other participant, planners may be held liable. If there is an accident in which property is destroyed, liability insurance protects the planner from financial ruin. Individual complaints due to accidents are covered by liability insurance. Event planners can also insure their event against a disaster that threatens to eat all the profits or worse shuts down the entire event. Smart financial planning requires that events be insured against these problems.
