[brocknoland]

I understand that insurance costs are variable, but if you don't mind me asking:

What do you pay for insurance?
What kind of coverage do you have?

Any reccomendations as far as an insurance company?

 

[Humble Abode]

We pay about $1300 per year, for interior/exterior painting contractor, in Wisconsin. That's just liability. No wrokmans comp or health. We also pay $1300 per year for just our vehicles commercial auto insurance but thats full coverage on the van.

 

[jiriki87]

1,800 dollars based on a 30,000 employee payroll with 1 million per occurance and 2 million general aggregate for the year. 3,800 for 500,000 workers comp based on 30,000 gross employee payroll.-- - - only painting 6 months out of the year.

Peter

 

[hatchet]

Just did my quotes for Work Comp and GL - work comp is at 17.9% of payroll and GL is at 1.7% for 1 million / 2 million agg.

 

[brocknoland]

Are those quotes for "state licensed" contractors? Anyone know how hard it is to get "licensed" in Minnesota?

 

[hatchet]

Yes - state licensed.
Looks like a fee, insurance, and an exam are required
http://www.state.mn.us/cgi-bin/port...IAL&programid=536884485&sp2=y&agency=Commerce

 

[saucedo80]

what does per occurance mean?

 

[brocknoland]

I am no expert but I think it means per incident. Thus if you had two seperate accidents in a given year you would have $1M of coverage on both incidents.