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The answer depends on how much you can anticipate your potential liability to be.
For example, if you are cleaning, run a frayed extension cord to the sweeper. If a fire occurs and kills a sleeping child, or if the fire spreads to another house, the damages can be very great.
Recognize though, that liability insurance policies come in various varieties, and usually have "per occurrence" limits. There are likely programs that are specially designed for your industry and which reflect typical liability limits. In all events, you should consult a licensed insurance broker who is knowledgeable about the nature of your business for guidance.
Requirements also vary by state.
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Do you need liability insurance for a cleaning business in Florida?
You should always carry liability insurance and a surety bond for a cleaning company to protect you and your customers from any accidents that my occur from your work. Both are very cheap 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
How much is Public Liability Insurance for a small business?
The cost of liability insurance is going to depend on a few factors. # What type of business it is? A CPA will pay a cheaper price than a plumbing contactor. # Where is the business located? The litigious climate is different everywhere so a CPA in Dallas is not going to pay the same as one in New York City. # The last factor will be what is the rate for the insurance based on? That will depend on two things the class of business and the carrier providing the quote. For example most carriers base their rates for contractors on payroll, where retail operations may be based on their sales. 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
Business Insurance?
form_title=Business Insurance form_header=Business insurance is the surest way to protect your business and its assets from financial distress. A licensed insurance professional can help you customize your insurance policy today. Type of business insurance needed:= {(),Business Owners Policy,Business Auto Insurance,Business Property Insurance,Business Liability 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,Multiple Products,Personal Insurance,Not Sure} Type of business: =_ Number of part-time employees:=_ Number of full-time employees:=_
What is the biggest advantage of incorporating your business?
There are many advantages to incorporating your small business, but limited liability is one of the biggest advantages. When you have sole proprietorship to the company all the liability of the company is on the owner. When incorporating the business, your only liability is to however much you invest in the company. With sole proprietorship, all of your personal belongings, such as car and home, can be turned over to help pay the debt of the business. As a shareholder in the business, you have no responsibility whatsoever for the debts of the business, that is of course unless you give a guarantee.
What is a Ltd in business?
Ltd in business terminology means "limited". It stands for a business with limited liability, in other words you can only sue them for so much, depending on the companies assets and investment.
How much does liability insurance cost for a pool cleaning business?
You will need to contact an agent(s) for a quote.
How much would insurance cost for a part time house cleaning business?
Probably $500 - $750 annual for general liability.
Do you need liability insurance for a cleaning business in Florida?
You should always carry liability insurance and a surety bond for a cleaning company to protect you and your customers from any accidents that my occur from your work. Both are very cheap 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 exactly is contractor liability insurance?
This insurance, though in some states isn't required is intended to protect the business owner from a wide variety of accountabilities and damages. It's much like car insurance only, for your business.
What is the average cost of liabilty insurance?
Business Liability Insurance costs vary from State to State. Your costs will depend on what type of business your in and the size of your business and a number of other factors. Contact a local independent insurance agent for a quote. If in NJ contact William J Zester, VP - MPPI, Inc. bzester@mppi.com
How much liability insurance is required for certified public accountants?
Each state has its own liability insurance requirements of a certified public accountant. These amounts may also differ whether the business is a sole proprietorship, partnership, or corperation.
What type and how much general liability insurance does an LLC need?
This is not an easily answered question. The amount of general liability insurance need varies depending on what the business does, what their assets are, and several other factors. It will differ based on several factors and may differ on situations individual to each business.
How much does it cost of a certificate of liability insurance policy?
The answer depends on the type of business.: Human-being Scientific Development & Advanced Association.
Do you have to be bonded to accept a cleaning job in someones home?
No, you don't have to be bonded to accept a cleaning job in someones home. You can just do so at www.wikihow.com/Start-a-House-Cleaning-business Bonding isnt necessary, so much as it is an insurance in the event of. You will find more people willing to hire you, if you are prepared for liability, so no one has to drag out court costs. http://www.ehow.com/how_2294068_get-bonded.html
Where can you get insurance on a cleaning service?
It's called business liability insurance, and most insurance companies offer it. Just look up a trusted insurance company and give them a call. 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
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 exactly does general liability cover in a cleaning business?
While it depends on the terms of the policy and the coverages/endorsements the policy owner purchased, General Liability insurance is designed to provide financial protection in case your business is ever sued or held legally responsible for some injury or damage. General Liability typically includes liability protection for your company's completed products or services. Often General Liability is meant to provide protection for the location of your business (your office), not out in the field or at client homes where you may be working. With a cleaning business, your product/completed operation is a clean house. A general liability policy is designed to protect you if you mop the floor, the floor is wet, and somebody trips and falls and suffers bodily injury. However, there is a special exclusion for property coverage with general liability in a cleaning business. While your general liability coverage would protect your legal interests were legal action brought against you for property damage that you caused while in the course of your work, you are much better off adding what is a relatively small "endorsement" to your policy, especially designed for cleaning businesses, which is: "Extended Property Damage" endorsement - where you can pick a coverage amount in increments of five thousand dollars, with an optional deductible. This endorsement immediately and unquestionably covers your liability to the property of others in whose homes you are working.
