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.It would be impossible for someone to answer this question based on the information provided. There are many factors that go into determining your premium. You are better off just calling up your provider of choice and getting a quote.
Service Sector
to raise more money easily
Shoe repairs are less expensive than buying new ones. With that said, many people go to shoe repair shops. A person can make a decent living by being in the shoe repair business. Therefore, there is a market for used shoe repair equipment.
John Peters Roofing is known to repair storm-damaged roofs.
An insurance broker or agent licensed in your state can help you find liability insurance for your HVAC Company.
(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.
I just got a quote in Nebraska for 250 yr for general plus 500 yr for commercial excess liability.
That is the type of insurance policy that a car dealer or repair shop would carry. Covers their business risks.
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.
55 dollars
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.
10073-0-Automobile Repair or Service Shops
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.
92451-0-Electrical Apparatus Installation, Servicing & Repair
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.
Chancel Repair Liabilty insurance is a liability for some people that own property in England and Wales. Chancel Insurance is located in England, where it is very commonly known.