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Insurance Question

 
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Old 02-03-2017, 04:45 PM   #1
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Insurance Question


I just got licensed and started my own business. Small remodeling operation and I need to get insurance. I contacted a rep and got bombarded with different policy options. I have 3 employees, what do I need to be covered and what should I avoid?
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Old 02-03-2017, 04:58 PM   #2
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Re: Insurance Question


Workers comp (usually state requirement), liability to cover accidental damage to property (sometimes city permit requirement)

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Old 02-03-2017, 07:11 PM   #3
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Re: Insurance Question


Workers Comp

General Liability Policy - BOP (Business Owners's Policy) also called Premises Operations and Completed Operations.

Commercial Auto / Truck Insurance

I share your frustration. Some of these ins folks present a proposal for first year new guys equal to a new Cadillac...

Find a broker who works with several different ins co's and works with contractors. Not a captive agent like Nationwide or State Farm.

Let's pull out one thing in a quote that's throwing you for a loop....it is what ?

Addl - you don't need Health (compare WC), Life or Disability ins at the moment. Some of these ins folks throw all that at you.

Last edited by We Fix Houses; 02-03-2017 at 07:15 PM.
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