Liability Insurance Rates?

 
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Old 10-23-2009, 04:08 PM   #1
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Liability Insurance Rates?


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

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Old 10-23-2009, 05:20 PM   #2
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Re: Liability Insurance Rates?


around 1000$
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Old 10-23-2009, 05:32 PM   #3
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Re: Liability Insurance Rates?


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.
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Old 10-23-2009, 07:18 PM   #4
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Re: Liability Insurance Rates?


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.
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Old 10-23-2009, 10:04 PM   #5
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Re: Liability Insurance Rates?


Where are you working? What is your target market?
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Old 10-24-2009, 07:23 AM   #6
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Re: Liability Insurance Rates?


http://www.contractortalk.com/f16/an...ance-co-42043/
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Old 10-24-2009, 07:38 PM   #7
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Re: Liability Insurance Rates?


$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
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Old 10-24-2009, 10:27 PM   #8
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Re: Liability Insurance Rates?


You never know when you need it has anyone here had to use there insurance?
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Old 10-24-2009, 10:53 PM   #9
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Re: Liability Insurance Rates?


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.
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