Liability insurance rates? - Contractor Talk - Professional Construction and Remodeling Forum

bruceknee · 10-23-2009, 03:08 PM

How much are you paying for ins? I just got a quote of $4300, no workers, just me.... Seems hi to me

blastserv · 10-23-2009, 04:20 PM

around 1000$

rlaird · 10-23-2009, 04:32 PM

3500 year 2 million general aggregate, pollution liability, 3 employees total these guys base it on the size of payroll, or so I'm told.
States are gonna vary I think.

kell490 · 10-23-2009, 06:18 PM

I just got a quote from Farmers for 1600 a year and 1200 a year from another one. 1mil and cover 32k of my machine. The farmers one was 2mil total 1mil per occurrence. They all seem to use colonel pen or something.

blastoffinc · 10-23-2009, 09:04 PM

Where are you working? What is your target market?

JonM · 10-24-2009, 06:23 AM

http://www.contractortalk.com/f16/an...ance-co-42043/

Hoven · 10-24-2009, 06:38 PM

$750 for my last policy for 2 mill in coverage my state requires min of 500,000 to bid work. So $4300 sounds nuts unless your doing something crazy dangerous. The insurance companies around here categorize flat work guys along with masons. My argument is that Im never more than 6 inches off the ground and yet here I am 23 years later and that has never changed. This will be the next place for insurance companies to rape small businesses

kell490 · 10-24-2009, 09:27 PM

You never know when you need it has anyone here had to use there insurance?

Betterblast · 10-24-2009, 09:53 PM

My shop insurance is about $1600 on the road ads about $800. I think that is a fifty mile radius. Check how far away you go and if it covers you over state lines.