Home Improvement Contractor - Licensed Contractors
Where to buy contractor insurance?
I need to know where I can buy good contractors insurance that covers things like workers comp... They only make $15000 a year so it wouldn't be much coverage needed I just need to know where to buy it.
Public Comments
- Find an independent agent in your are by using this link - http://www.iiaba.net/agentlocator/findagent.aspx An independent agent represents more than one company so they are able to present coverage and prices from more than a single company.
- OK, workers comp is a type of policy. Minimum premium, for contractors, for workers comp, depending on what exactly they are doing, is going to be anywhere from $500 to $2,000 a year. MINIMUM. Then, there's liability. Again, depending on what they are doing, it's going to be AT LEAST $500 to $2500 a year, OR MORE. Even with $15000 in payroll. You will find the workers comp and liability policies, through a LOCAL, independent agent. Most standard companies will NOT write a contractor who hasn't had at least three years of prior insurance - you'd prove it, by providing documentation in the form of loss runs.
