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Well it depends on a few factors. The most significant factor is the type of business you are operating. For example if you are going to operate a trucking company transporting goods for others the Federal Government requires you to have minimum liability limits before you can begin operations. If you are operating as some sort of Construction Company you may be required by your state or local government to carry minimum liability limits or other types of coverage such as a Surety Bond. Here is what I recommend you investigate to determine your small business insurance needs. # Determine if there are any Federal Government requirements for insurance for your type of business.
# Determine if there are any state or local government requirements for insurance for your type of business.
# You should also investigate if your customer(s) are going to require you to carry any minimum insurance limits. These are usually spelled out in your contact with them.
# Also if you are leasing commercial space for your business the landlord may require you to carry minimum insurance limits to protect them in the event of an accident at your business location or fire. This would be spelled out in your lease agreement.
# Last you should evaluate your potential for any economic loss associated with products you sell or services you provide. Remember, anyone can sue for anything so having a general liability policy protects you in the event of a law suit even though nothing may be paid out for the claim the policy provides you defense and associated costs. In addition if you provide services for a fee you could be sued for any errors or omissions that occur during the course of your business activities.
Your state insurance department is your best resource for insurance-related questions and concerns. Find information on insurance companies and agents, rate quotes and comparisons, insurance buying tips, claims filing information and much more!
State Insurance Department websites: http://www.naic.org/state_web_map.htm
What else can I help you with?
What type of business insurance is required for a beer distributor?
If one is looking for business insurance for a beer distributor it is required to have beverage wholesaler insurance. This type of insurance would cover things such as property and sign coverage, equipment breakdown insurance and business income insurance.
What type of insurance is needed for floor cleaning business?
Commercial General Liability Insurance.
What Type of Insurance required in Logistic Business In India?
In logistic business in India, Transit insurance, Marine Insurance are commonly required apart from Baggage Insurance, Fire & Burglary Policies are other opions.
Commercial Insurance?
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
Where do you get car insurance for a business car?
You would purchase commercial auto insurance from a company that writes that type of insurance. Most companies that write commercial insurance also provide commercial auto insurance though not all of them do. They also usually offer this type of insurance in a commercial package policy and offer a discount to purchase a package.
Commerical Auto Insurance?
form_title=Commerical Auto Insurance form_header=Commercial auto insurance is necessary to protect the vehicles used in conducting your business. Have an qualified insurance professional help you decide what type of coverage is right for your business. Type of Business Entity= {(),Corporation, LLC, Sole Proprietorship, Partnership, Non Profit, Trust, Other} Years In Business=_ Do you currently have commercial auto insurance?= () Yes () No
What type of insurance in needed for a house painting business?
Commercial, general liability, and workers compensation.
Where can you purchase commercial business insurance?
If a person were shopping for commercial buisness insurance they could do some research. They would find that at two least the following insurance companies does offer this type of insurance. The companies being Progressive or Geiko.
What is the average cost for COMMERCial liability insurance for a company?
The rate is based on the type of business you have and the gross receipts or payroll.
What Is Business Building Insurance. Business building insurance is more commonly referred to as commercial building insurance or commercial property?
Business building insurance refers the coverage of commerical and business properties. The amount of coverage and type of coverage varies by insurance companies. Nation Wide offers small business building insurance and they cover the building, building signs, all furtinure and equipment, inventory, lanscaping and fences, and additional properties. They have a 24-7 claims service.
Commercial Car Insurance?
form_title=Commercial Car Insurance form_header=Commercial car insurance makes it possible to focus more on driving your business and less on your vehicles. Will all of the vehicles be garaged?= () Yes () No Type of Business Entity:= {(),Corporation,LLC,Sole Proprietorship,Partnership,Non Profit,Trust,Other} Are all cars registered to either the business, or the owner(s) of the business?= () Yes () No Are all drivers covered by worker's compensation insurance?= () Yes () No
What type of insurance is provided by the hanover insurance?
The Hanover Insurance Group offers many plans for auto, home and business insurance. They have a variety of packages designed to fit your personal of commercial needs.
