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How can you get inexpensive general liability insurance for a new General Cont Company that is less than a year old?
Wiki User
∙ 8y ago
General Liability insurnace for a General Contractor is not inexpensive. Many companies have minimum premiums starting at 5k. If you are doing new residential construction the lowest premium I've seen is 25k. It would be in your best interest to contact a local Insurance Broker who specializes in Contractors. They'll have a more comprehensive market and be able to offer you the best quotes.
There certainly are few policies that would fall in the inexpensive category but by working wtih an agent who specializes in this field you can certainly get better rates. Premiums start at around $8,000/yr.
Wiki User
∙ 8y ago
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Can general insurance be backdated?
can a contractor have liability insurance backdated to show the company was insured
What type of insurance does an elevator maintenance company need?
You Need General Liability Insurance.
What is the best company to go with when looking for general liability insurance?
General Liability insurance can be purchased through some reputable companies such as Nationwide Insurance, Geico Insurance, EInsurance and All State.
What is the difference between employers' liability insurance and public liability insurance?
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.
What is public liability insurance and how is it different from general liability insurance?
General liability covers Public and Producs Liability, therefore by having General Liability cover, public liability is covered also.
What are the main rules used by contractors general liability insurance?
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.
How do I get general liability insurance?
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.
Business Liability Insurance ?
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
Is tenant's legal liability coverage the same as Commercial general liability insurance?
NO Totally seperate policies, tenant legal liability can be added to bops, general liability can be found within a bop policy, but they are different coverages. Work with your broker to understand what insurance coverages your company needs and why.
You are starting a residential cleaning business Should you get general liability insurance or professional liability insurance?
You need a commercial general liability policy.
Where do you buy General liability insurance?
General Liability insurance is purchased through any insurer that provides commercial insurance lines coverage.
How much is Liability insurance for a renovation company?
It depends on how much coverage you need, what kind of liability (General Liability? Employer's Liability? Auto Liability? Professional Liability?...) & what deductibles, if any, your claims experience, your work experience, who the insurance company is and the way their coverage forms read, their overall claims experience for companies like yours, and where you are located & operate. Your insurance agent can help you with specific quotes. Please note that in general, insurance is always based on these kinds of factors so it's hard to give a ballpark estimate for ANY kind of insurance.
