What brand and how much liability insurance do I requirement?
I'm starting a residential pool cleaning and servicing business and I need to know about how much coverage I have need of. I'm getting alot of conflcting info.
Answers:
Best to find out from other similar companies or call around different insurance companies to see what they voice.
Visit http://www.cheap-credit-cards.org/insura… for small business insurance providers in your area. Just enter your closure code for the list
It all depends on your "exposure". You may want to incorporate and do adjectives your business under the corporation so you cannot be personally sued. If you own a home near a sizable amount of equity in it youmay want to look into an umbrella policy.
The accurate information should come from your local agent.
You'll likely entail general liability coverage, inland marine coverage (to cover your tools & equipment), workers compensation (to cover your employees), and commercial auto (to cover the vehicles). The AMOUNT of coverage - ably, for liability coverages, go for $1,000,000. For the inland marine, the cost to replace adjectives your tools & equipment. Workers Comp is statutory limits, so no worry nearby. And auto, take the $1,000,000 limit also.
For pool chemicals, you feasible ALSO need to have a special pesticide license - but that vary by state. As part of the license, you'll need a special liability policy for the pesticide (aka pool chemicals) application. It may or may not be combinable contained by the general liability policy.
ONce the business has really built up, you'll probably want to throw a commercial umbrella over it adjectives. Source(s): agent, 21+ years
Call other companies around you that specialize in indistinguishable thing, or call your insurance company and verbalize to them. The city might be helpful too. They can tell you what you entail legally. That would probably be your best bet.
The answer is easy....you need satisfactory to cover your assets, both professional & personal assets. So whatever your assets are, double that amount.
I would recommend at least 2,000,000 Aggregate and 1,000,000 per occurence.
Related Questions:
Answers:
Best to find out from other similar companies or call around different insurance companies to see what they voice.
Visit http://www.cheap-credit-cards.org/insura… for small business insurance providers in your area. Just enter your closure code for the list
It all depends on your "exposure". You may want to incorporate and do adjectives your business under the corporation so you cannot be personally sued. If you own a home near a sizable amount of equity in it youmay want to look into an umbrella policy.
The accurate information should come from your local agent.
You'll likely entail general liability coverage, inland marine coverage (to cover your tools & equipment), workers compensation (to cover your employees), and commercial auto (to cover the vehicles). The AMOUNT of coverage - ably, for liability coverages, go for $1,000,000. For the inland marine, the cost to replace adjectives your tools & equipment. Workers Comp is statutory limits, so no worry nearby. And auto, take the $1,000,000 limit also.
For pool chemicals, you feasible ALSO need to have a special pesticide license - but that vary by state. As part of the license, you'll need a special liability policy for the pesticide (aka pool chemicals) application. It may or may not be combinable contained by the general liability policy.
ONce the business has really built up, you'll probably want to throw a commercial umbrella over it adjectives. Source(s): agent, 21+ years
Call other companies around you that specialize in indistinguishable thing, or call your insurance company and verbalize to them. The city might be helpful too. They can tell you what you entail legally. That would probably be your best bet.
The answer is easy....you need satisfactory to cover your assets, both professional & personal assets. So whatever your assets are, double that amount.
I would recommend at least 2,000,000 Aggregate and 1,000,000 per occurence.
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