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Liability Insurance

 
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Old 04-06-2011, 02:00 PM   #1
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Liability Insurance


Are there any companies that sell liability insurance on a job by job basis? My GC business is not my full time job. I however would like to be covered but cant see justifying a full time liability policy. I live and work in Massachusetts.
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Old 04-06-2011, 04:54 PM   #2
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Re: Liability Insurance


Quote:
Originally Posted by brianford View Post
Are there any companies that sell liability insurance on a job by job basis? My GC business is not my full time job. I however would like to be covered but cant see justifying a full time liability policy. I live and work in Massachusetts.
You might be able to find a company that will carry you month to month maybe?

The only way I can get any answers from these people though is to go in person to the agent, every time I try to talk on the phone with them they want to pass me around like a bong at a frat party.

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Old 04-06-2011, 06:20 PM   #3
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Re: Liability Insurance


I feel like I have heard of this but cannot remember where? Try digging around here for some past threads. I found 15 threads with liability insurance in the title but didnt have time to look through them.
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Old 04-06-2011, 06:35 PM   #4
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Re: Liability Insurance


Liability insurance isn't based on full-time or part-time, it is based on the dollars you run through the till and the extent of the risk the company feels they are exposed to.

Normally you tell the agent your expected gross revenue in a year's time. Let's say it's $100,000. After the end of the year they audit your books and adjust your premium up or down depending on how close you hit your projection. If you paid based on the $100k, and only did $80K, you'll get a 20% rebate. Likewise if you do twice as much, you'll pay 2 times the premium.

They don't care if you did all your business in one month, or spread it out even. It's just a percentage of your gross revenue.
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Old 04-06-2011, 06:39 PM   #5
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Re: Liability Insurance


Dude, just buck up and pay the dues - sheez, it's only $750.00 for a basic policy which would probably fit your needs. And, could you imagine the hassle of trying to insure every job. Doesn't make sense to me no matter how few jobs you do.

This is probably the cheapest insurance you'll ever pay and probably cheaper than trying to insure each thing you do
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Old 04-06-2011, 06:43 PM   #6
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Re: Liability Insurance


I don't think you can get for per job,but you can do a monthly payment plains with small down payment

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