 How to start a life insurance agency? |
| i'm young and enthusiastic about starting a busness although ill face a lot of challenges, but i need advice on how to start a life insurance agency and what are the requirements?... |
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 How do I get on my boyfriends Medical Insurance? |
| My boyfriends medical insurance through work and he's allowed to add a girlfriend that hes been dating for 6 months and we've been dating for a year. Hes just worried that we will need some ... |
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 Can I take a life insurance policy out on a friend if they consent to it? |
Additional Details
Here are a few more details to work with. My friends death would be a loss for me in more than one way since she is the one I depend on financially and in the event ... |
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| I'm looking for some settlement info.- not an attorney.Does anyone have an answer for me?... |
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 My friend embezzled $60,000.00 from his company, has no priors, was extradited from Nevada. What's he in for? |
| My friend was arrested and humiliated in public in Nevada after St.Louis Co. issued a warrant for his arrest. He originally turned himself in and admitted his guilt, but was released until formal ... |
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 Involved in an car accident with a business man who wont fork over his insurance info.? |
| Gentleman was racing with another vehicle and lost control coming through the intersection where i was stopped at a redlight and struck head on. Suspect tried to escape but couldnt get far because of ... |
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 Health insurance after spouse death.? |
| My wife and I each have individual HDHP. When we have children and add them to one of our plans, what would happen if that individual died and the child in the meantime had developed a disease or ... |
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 Homeowners Insurance Policy Rate increases $220? |
I bought a home in 2006. Had a policy for $550.00. Next bill 200+ more (nothing in policy changed). switched company
Got AAA policy $ 512.00 (same policy coverage) Next bill $734.00 - O... |
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| I am 75 years old pay medicare premiums as well as secondary insurance premium,Now i have to get anew doctor since I am diabetic and my old doctor retired. I cannot d find any diabetic specialist ... |
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 When should my parents add me to their car insurance policy? |
| I live in Virginia, I am 17 years old. I have held my license for a year and four months. My parents have Allstate. During that time, my parents did not add me to their policy. Now they have decided ... |
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 Im definitely need your advise here!!? |
| Im about to buy an insurance from one of my collegue but i did not know what should i know and ask before sign the agreement.I definitely need you expertise here.I just need to know the question i ... |
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 Can i get my money back? |
| Is it possible to get my money back on a protection plan i bought from circuit city? The salesperson told me that it protected against scratches and stuff but it doesnt and we didnt realize that ... |
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 What home insurers quote when people have claims in the last three years? |
| Our plumbing decided to freak out this year and we had a spate of three water damage claims. Our insurance company have now said they will not renew our policy and I can't find any companies ... |
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 Employer changing health insurance plans...I'm pregnant!? |
| My employer is looking into changing the group health insurance coverage in February. I am due with my child in May. What does this mean for me? Do I loose coverage if they choose an insurance ... |
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GAZ | Help with contractors liability insurance? |
Hi, i've just set up a new construction company and need to look into contractors/public liability insurance/assurance???!!! Basically i dont have a clue about it!!! Is there anyone out there who can guide me in the right direction...i've heard it could be ridiculous sums of money so any help on cost effective solutions would be much appreciated. Cheers. |
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Jifr
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Hiya:
You really need to get an agent that DOES have a clue about contractors coverage.
I can tell you from handling contractor losses that there are ALL kinds of coverage forms that you will need. If you don't know what is available - you could be left without coverage you really need.
Things like:
> Contractor's equipment. You need to schedule any heavy duty equipment and tools in excess of $2500. These kinds of things can be listed on an Inland Marine policy. If the insurance company you choose offers coverage for your employee's tools - I would recommend getting that. One of the biggest losses contractor's have is Theft (of tools or equipment)
> Contractor's hired/borrowed endorsement. This provides coverage when you rent heavy duty equipment
> You will need a GL policy (General liability) with substantial limits....and a PLUS endorsement if offered by the insurance carrier you go with
Is it going to cost a lot? Depends on your frame of mind. is $10k a lot to pay for coverage...or do you want to end up owing $350k for an accident?
Plus - most people are not going to hire a Contractor unless they get your Certificate of Insurance providing the limits they require in order to offer you the job. They may even require you to add them as an additional insured on your policy.
Better safe than sorry, right?
Goodluck with your company.
~jifr! |
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Michelle C
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Hi
Funny enough I have just recommended the same Insurance Broker to another question asked about Liability Insurance, they specialise in Liability Insurance's and Contractors Liability is one of them, there website address is -
http://www.oakland-insurance.co.uk
I'm sure they will be able to give you a cheap quote and offer you some advice etc.
Good Luck. |
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Jason S
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First off, don't be afraid because there are agencies out there that SPECIALIZE in writing insurance for contractors. Secondly, it is not always expensive unless you compare it to the amount someone would pay to insure their house. This is a business and as a business, your expenses are going to be greater in general and insurance is no different.
Public Liability, also referred to as General Liability is a coverage that applies to damage or injury caused by your negligence. The type of construction work you do can greatly affect the premiums that you end up paying. You will also want to consider getting Workers Compensation, Equipment Coverage and Commercial Auto coverage as you get bigger.
Other than that, my advice to you is to get an independent insurance agent that seems to know what their talking about and can speak to you in terms you can understand without throwing a lot of fluff at you.
Good luck! |
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mbrcatz
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Yes, contractors insurance is really expensive, depending on the type of work you're doing. Companies aren't exactly falling all over themselves to write contractors - it's a high loss profession.
You need to start with the guy that writes your car/house insurance, he can most likely set you up with business insurance as well - or at least refer you to a local, independent agent who can set you up. |
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welcome news
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the best bet is to see a local broker about cover.
Unless you are intending roofing/ scaffolding work as specific contracts then the premiums for a small business are not too bad - you can generally get a per-capita policy for about £100 for yourself and £200 for each employee. You should also look at contractors all risks insurance - be prepared to pay £500 - £1000 if you have only a small number of employees
You can get a guide by looking at www.portwood.co.uk/index.htm and select the liability option in the drop-down menu near the bottom of the page. |
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Jim
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if you have an accountant he/she will keep you right on this |
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