Liability Insurance - Accident within Alberta Canada?
Question:
Hi, Quick question:
Self hand opens an INC company.
Has WCB and private liability insurance (2,000,000 $)
Has an accic]dent on the undertaking site. Had surgery and more surgeries to come.
Can liability insurance kick within for the personal/bodily damage?
Can you recommend a legal representative?
Or if you had indistinguishable thing can you bring up to date me your experience?
Thanks
Answer:
Your abbreviations are not clear, sorry. But within general, you can't put a claim surrounded by under your own liability policy - you can't sue yourself, which is what a liability policy is.
Who are you trying to sue? You're going to involve a local lawyer.
Hmm. And doesn`t matter what happened to the unharmed "universal form care" thing within Canada, that Canadians have to pay packet 60% income tax to cover??
Why do so heaps agents on here produce broad generalization and recomendations?
Question:
I was wondering how so various people who are licensed or claim to be licensed within the field of Life insurance will spout bad Suze Orman sound bites just about how term is the just kind of insurance that should be purchased minus asking a single question going on for the persons situation?
Income level, estate implications, family circle situations and health are only just a few of the factors that could form a term insurance counsel entirely incorrect for a person even so I never see anybody ask those questions. Is it that they do not thinking or do not know any better?
Also Why is the only bit that they harp upon is that UL, VUL etc is a bad investment? Why do you not consider that eternal coverage should be recommended only as on a annihilation benefit basis and the advantages of solution, income tax free, guaranteed money for those who survive the insured and not the investment advantages to the insured? Do you also point out that investments are equally impossible when viewed as an insurance product?
Answer:
I agree. There is not a soul insurance product that is for everyone within every situation. Every person is different. They adjectives have different reason for purchasing an insurance product. They are in different time stages that will make one product a better fit for THEM than another product. They adjectives have different goal for what they want the product to do for them. It is up to the agent to listen to what the client wants and wants and then donate them the information and the options available so they can kind the right decisions.
I believe the agents that harp on one product are freshly repeating what they learned or are only promoting what they sell. The entity that strikes me as "funny" is that if you follow the links in their post in attendance are advertisements for full and universal life span products. I guess in the wind up it's just around money.
I'm new here but I hold noticed that masses agents really do try to inform the person that asked the interview. There was a query yesterday about lies that insurance agents influence. I may be naive but I believe that most agents try to inform the truth. The problem is that it's the truth as they see it or as they have be taught. It's not that they don't thought but they don't take the time to find out what impair they can cause a being by their ignorance. Many agents here will usually have as sector of their answer "see a local agent" because insurance laws are so different across state lines and around the world.
The nonspecific public has so little fluency about insurance. This is one defence why insurance companies have such a unpromising reputation. The agent doesn't tell them the cons nearly a product, just the pros (as they be taught). And they tell the cons give or take a few the competing product, not the pros (again, as they were taught). So when something isn't covered the public is surprised.
So no - one size doesn't fit adjectives!
From a non agent I would say because they resembling to hear themselves talk. Everyone like to put across their point of view on some subject even when it doesn't really address the examine at hand.
But this is on the edge by the stupid people that would ask such a examine without knowing who is really answering the examine, so they have no opinion if the advice is honest or bad.
And I love the reality that you will have 5 answers and none of them agree near each other.
Because for the majority of empire, Term is the best insurance. It's pure insurance. UL, VUL, is gimicky at best - and it IS a bad investment, at a rotten rate of return.
If two average population live to 80 and die, one with adjectives life, the other next to term that he tolerate cancel at 60 and invested the difference, the UNINSURED one will enjoy MORE MONEY to leave to his loved ones.
Insurance is NOT a obedient investment. Yes, it's an investment - with a rotten return, and you can do MUCH better within an index fund.
You've been listen to your marketing rep too much, and not doing enough thinking on your own - or running the numbers yourself. DO THE MATH.
Yes, I point out that cats take home bad dogs, dogs get bad cats, investments aren't insurance, and that YOU HAVE TO DEFINE THE NEED FIRST. And if the need/goal is INVESTING, insurance isn't the best product. If the need/goal is a BENEFIT PAYOUT UPON DEATH to bear care of kids, in good health, they GROW UP, ya know?? That's not a permanent obligation!
If you notice, I tend to be up front next to people that this forum will merely result in nonspecific advice and they should confer to an independent agent.
Look at my post yesterday and you will see that I do think in that are times when insurance as a savings vehicle is suitable, possibly not the best thing going, but suitable. I love competing against agents next to the other mindset in the enclosed space. I've never had someone verbs an investment as insurance.
You Had the best answer to your own question!
Gotcha!
People purely learn enought to SOUND similar to they know what they are talking something like by listening to speak radio shows (Suzi Orman, Dave Ramsey etc.) and parroting what they hear.
It's funny to hear relations ask about insurance for funeral expenses and these "proposal givers" pushing term. Do the math. Term is great for what it is designed for but it is unforgivable (and usually unobtainable) for a 66 year old creature who wants to insure themself for in recent times enough for burial expenses in need buying $100,000+ of temporary coverage.
Show me 10-people who bought residence life and I will show you 5-who own the correct product and 5-more who don't even understand when their coverage will shutting down, haven't invested the difference because they didn't know they needed to, and will be mad at the shutting of the term that they lost adjectives their money and have zilch to show for it.
I'm not anti-term. But term is unquestionably NOT the right solution for everyone's needs.
Looking for homeowners insurance ratings for Allstate and Farmers?
Question:
Answer:
Allstate Fire & Casualty is A+ XV. Farmers Alliance Mutual is A- VIII.
Both Allstate and Farmers have lots and lots of subsidiary companies. It's defining to look up the EXACT name of the subsidiary, as at hand can be non-affiliated sound alike name, like Allstate Floridian (B+ VIII next to negative outlook).
you can check out the ratingins at your state insurance department but next to experince with both companies they are necessarily the same, of late make sure the policy your buying is correct for you, dweeling coverage, personal property, extended coverage and your deductibles if you enjoy any quesitons check out globalwideinsurance.com
Maybe you can try below website to get the information you call for. It's about insurance quote articles including homeowners insurance for your second view.
Well, gee, my crystal ball is down at the moment but I suppose if you travel on the sites of AS and Farmers, or a general insurance site, you might find out. What a ninny you come across to be that you could not figure out this one.
You can shift to variety of sources such as A.M. Best (www3.ambest.com/ratings/) or Moodys' www.moodys.com/repldata/insura...
Both services are free but across the world require you to register first.
I would also recommend checking the department of insurance for your specific state. You can also find the amount of policies they service in the state as powerfully if they are currently sustaining a low loss ratio (companies that are over 100% are not making any profit on that particular vein of business and are more susceptible to increase rates).
Best of Luck!
Please explain the Advantages and Disadvantages of Life Insurance?
Question:
Please explain the Advantages and Disadvantages of Life Insurance
Thanks.
Answer:
Advantages: 1) can pay for your funeral w/out a financial burden on the kinfolk; 2) can be cashed in after a correct time period and step towards college tuition, etc. (I have have one on myself for 5 years and my 6 grandchildren since they were born)
Disadvantages: Only one I can surmise of, it's another monthly bill, but if you go near Globe Life and Accident Insurance it's fairly cheap, and your rate never go up from the time you enroll - I am 49 and my monthly premium is only $21.00 for $25,000 worth of coverage, and will never be in motion up.
if you have a people then you really want to catch life insurance incase you die so they will not be vanished with paying for the funeral and adjectives your dept. Funerals are very expensive presently days and the last article a wife or kid needs to buy and sell with is find money to barry hubby or dad..
the just disadvantage is it's money YOU will never see..
It's pointless to buy a product - any product - based on the "sale job"
Insurance - even life insurance - is a financial tool. Before you pick your tools, determine your goal. You need long occupancy goals, short permanent status goals, and near financial tools, you also need exit strategies.
After you hold all that written down, next you compare products, to see which product best meets your goal.
Any other way of buying duration insurance isn't buy it - it's being sold.
Two dis advantages: One, you MUST breed your premium payments or else you own no insurance and two, YOU have to die for your home to receive the face plus of the policy.... Advantages: Debt can be taken care of for your kith and kin, income replacement but now you stipulation to figure out for how long, foot off the mortgage, and finally settle up for your childrens education. However, as have been said by someone above me, this is not the place to establish on what you need. Contact a local agent- me I would recommend a Primerica agent. That agent will jump over the above four points. Hope this helps.
Advantage: You enjoy life Insurance.
Disadvantage: you don't enjoy life insurance.
Life insurance is the foundation that keep our finances in demand. It is not for you, but those you leave at the rear. The biggest question is: How do you want to hand down your family contained by the event something devastating happens to you? Better or Worse.
Life insurance allows us to grieve properly, not have to worry around what is going to happen subsequent. It is very affordable. I hold a brochure I can send you if you are interested a moment ago email me at: gil.ray@sbcglobal.net, Subject: What you obligation to know brochure. Compliance makes me state that I am a Life Insurance Agent.
Is LifeWise Health Plans a moral company??
Question:
just want to spawn sure they are a good form insurance before i combine with them.
Answer:
Yes, they are a amazingly good company and hold a very flawless preventive care policy but you hold to be aware that they have 3 deductibles if you hold a family. This method that 3 people within your family will own to meet the deductible. If you haven't talk with an independent agent I'd suggest doing so because you can achieve policies with 2 deductibles for around like premium.
Do insurance claims representatives obtain incentives from their employer?
Question:
to deny a claim, or to offer a low settlement?
Answer:
I worked as an adjuster for a couple years. This never come up.
Our philosophy was, if a claim be payable, pay it, save deny it. If we needed more information, get it.
Anything above a abiding dollar figure needed a supervisor's approval. but usually theadjustorwas told to do what hewas planning to do.
If a charge seem out of line, it be questioned. The with the sole purpose incentive was to be accurate.
in some way, but often times they are pressured to group statistical goals.
I've worked on the company side of the wall, and I've NEVER seen this. Closest they own, is the annual award for perfect attendance - usually an extra week's pay envelope.
No they don't. They usually have a stock to work within. as long as it is inside that limit it is fine.
NO. They simply get to keep hold of their job if they do all right.
Absolutely not. This would be illegal and unprincipled. I have never see it happen or even hear of it happening. Insurance companies are remarkably concerned with paying for solitary what they are liable for. Nothing more and nothing smaller number. Premiums are designed to cover the losses as predicted. If losses are higher next premiums are increased to meet the actual loss experience. Trying to short cut claims will not individual be unethical but is totally unpredictable. This is not the road insurance companies work.
This theory is a moment ago another of the scare devices used by Personal Injury Lawyers to get injured inhabitants scared so they hire the attorney.
During my career I hold worked for some of the largest insurance companies.......... St. Farm, Allstate, Nationwide, Sentry & American Family. I have never be told that there be any incentive, monetary or otherwise to deny legitimate claims.
Besides it wouldn't be worth the risk of getting caught by the insurance commissioner bureau. I can only consider what the fines and penalties would be for doing this.
Florida Home Insurance Companies track chronicles....HELP?
Question:
I am shopping around for a new homeowners insurance company and own come up with policy offer from compaines I have never hear of such as Northern Capitol and Universal Property. How can I find out some kind of information on these companies up to that time purchasing my insurance from them? Im currently with Allstate and price go up 150 % !! in one year. THanks
Answer:
Normally, you'd check near your state insurance department for complaints, and you'd check their financial strength ratings at www.ambest.com.
I just looked these two up for you. Here's what I found - there's no insurance company name Northern Capitol, or Northern Capital. Universal Property is not rated, and they tried cancel all their FL homeowners policies, but the state made them filch it back. They are an unrated company.
There is NO WAY, undeniably NO WAY, I'd buy a "policy" from either of these companies. I promise you, if you start out Allstate, they will NEVER take you hindmost, until something radically change in the FL insurance bazaar.
I would have STRONG suspicians that if there's a big claim, Northern Capitol will be insolvent, and Universal Property right losing them - and good luck for you, collecting your $100,000 surrounded by hurricane damages. You'll be in row with adjectives the other creditors.
I know you don't want to hear it . . . but pay the Allstate premium. These little fly-by-night companies are going to be popping up adjectives over the place, and shutting down just as vigorously. 150% really isn't "that" bad, for the FL souk. Expect rates to DOUBLE next year, due to recent FL insurance legislation. It's a horrible situation, I know. But if you don't enjoy an offer from an "A" rate or better, admitted carter, DON'T MOVE.
I work for a small company where on earth I rate comparatively a bit of my insurance premium. Any direction on how to avoid this?
Question:
I want to have virtuous insurance, but at the same time don't want to retribution an "arm and a leg." One thing I'm considering is purchasing insurance from Costco, Sam's Club, or some place resembling that to see if it will sav me money.
Answer:
Are you talking form insurance here? The only process you will know if it will save you money, is by getting quotes. It might, it might not.
When you win quotes, be SURE to compare coverages, AND get provider list - cheap insurance does you no good, if you hold to drive 200 miles to see a doctor, and the only within network hospital is 300 miles away.
yes...what you do is enjoy no insurance...dont worry the parliament has programs which will filch care of you if your sick or enjoy an accident...oh, but i am from canada, i dont guess it works that way surrounded by the US
Go a head and check out these other sources. Just when you do check preimium receive sure the coverage is as good or better than you immediately receive. Lower preimiums generally be a sign of lower coverage.
I'm guessing it's health ins?
We own learned that going individual vs. group for form ins. can save tons of money. It really pays to shop around and compare what's out at hand. If you're pretty healthy and just use your ins., then you are really paying for adjectives the others' coverage. On the other hand, if you requirement your ins. on a regular basis, it pays to share the nouns with others contained by your group.
It also helps to know what you're inclined to pay as a deductible /co-pay. Rates change depending on if you want, say a $100 deductible versus a $1,000 deductible. Just build sure you educate yourself as much as possible, and consider what you really want and can live without. For instance, it is cheaper for our kinfolk to pay our dental expenses out of pocket than paying the premium and co-pays.
Try www.ehealthinsurance.com for different companies' rates.
It sounds approaching you're talking nearly health insurance.
If that's the suitcase, then you MAY know how to do better if you shop around... assuming you don't have any of what the robustness insurance companies consider to be serious pre-existing conditions. (And what counts as a "serious" pre-existing condition to a health insurance company may surprise you.)
Feel free to shop; however, you do NOT want to permit go of your current coverage until you enjoy a FINAL offer from another insurance company. (The FINAL donate only comes after the application completes the underwrite process and may be very different from your ingenious quote -- this is the part that regularly gets general public in trouble when they're shopping on their own.)
You can without doubt shop through all kind of places, including online; however, you may want to go next to a local agent instead. Health insurance really only as biddable as the local network within most cases (since most affordable plans are based on see providers) -- you don't want to sign up for a plan that's super-inexpensive only to find out that their local gridiron is non-existant. Local agents will be familiar with which companies own the strongest local networks and can also assist you with appeals, if that become necessary.
Best of luck!
Those of us who work for massive companies all hold various deduction beyond our control taken out from our salaries that cause our paychecks to drastically shrink from our gross salary to our NET payroll check. Many of such indirect items include Federal, State, local taxes, social shelter, medicare etc which our employer as well have little control over how much is being collected. Though the not compulsory items like HEALTH CARE premiums, enthusiasm insurance and 401(k) IRA retirement quickly donate up, the tradeoff if one elected to waive and bypass these benefits is RISKY bec then you and your on the spot family could instinctively bite a bigger bullet if bad something happen via Act(s) of God. I am a Costco member but I don't believe Costco or Sam's Club offer Health Insurance plans and most of what they really sell is related to the "TERM LIFE INSURANCE" souk.... If you ask someone with a Financial Mgmt or Accounting background/degree for personal financial assistance that one might attain from a Certified Financial Planner (CFP) my guess (though I could be wrong) is you will not save as much as such advertisement claim bec term natural life insurance unless you are gullible to overinsuring yourself only take a small chunk of your paycheck and what such insurance companies advertise and bazaar via your bank, credit alliance and credit card is really the other kinds of insurance that you must resolve for things like automobile (liablity, collison, property vandalize and medical), homeowners coverage & protection etc rather than HEALTH CARE premiums (though it is definitely true that the bigger the employer, the better deal that they can negotiate on lower robustness care premiums) I believe you are confused on how much you can reclaim and to be honest, only a true financial professional can breed their client understand the BIG PICTURE that emcompassses heaps, many aspects on ways to stockpile etc that will have true long possession financial impact... Best of Luck and God Bless!
While I was a associate of Corporate America for a very long time I be always looking for the best worth for the premium that I had to settle up monthly. You have to consider the Premium, Co-pays, Deductibles and Out of Pocket limitations that hold to be met...not just the Premium. Alot of article go into defining GOOD....
I other carried the insurance plan for the family because I get the best rates (Nationwide Restaurant Chain-able to negotiate plans at a higher discount) but lots of time I found that the Network providers be miles and miles away from my rural town. My husband picked up the coverage when I became self-employed and he pays a larger premium for smaller amount coverage (no vision plan). Then near is his high blood pressure that they consider a pre-existing condition since we have to wait until unstop enrollment to pick up the coverage through his employer.
Now I am an IBO for a Health Benefits company and I am able to safe and sound larger discounts on our prescriptions and we have perception and chiropractic coverage. I love the plans that I am able to proffer to help the uninsured and the underinsured SAVE money.
This is a Discount Health Benefits company NOT Insurance. The up side...All condition conditions are accepted, no age ends, there is no waiting term, no deductibles to meet, no paperwork and no restrain to the number of visits or services you use. They propose Dental, Vision, Prescription and Chiropractic benefits and there is a Medical plan that includes the other benefits as all right.
Personally we are saving $300 month surrounded by premiums alone and the discounts on our prescriptions is higher beside this plan over BCBS. I love it.
You owe it to yourself to check this or another plan out before you take-home pay the arm and leg just to find out that they want the other arm and leg to cover your deductible.
Take a look at my profile. You can email me if you want additional information. I also enjoy a phone number you can use to locate providers in your nouns.
What Will you do if you loss you wallet and have $20??
Question:
PLzz Give a compelet and a nice answer
Answer:
Well honestly I would be mad but I would in recent times think that conceivably a little homeless kid picked it up. I would know thats probally not what happend beside it but I would just pretend it be because It would make some one elses cheerful.
Hope that helps
=/
Cancel the credit cards including atms. You might want to metamorphosis the locks because he may cme to your house now. Also, it's best to directory a police report for the credit card and banks to prove you lost it. Give up on the $20.
I would forget around it and then budge buy a new wallet because the likelihood of getting it back are pretty slim.
she found it for indisputable. shes my frend. my other frend put it in her adidas diffle pouch to kinda agonize her. it worked. were within computer class
I'd smack my head for loosing my wallet.
Not sure what the $20 have to do with it. I'd miss my driver's license more.
How much should I expect to recompense for individual form insurance?
Question:
I'm leaving my chore to go rear to school. Continuing my present robustness plan through COBRA will cost nearly $400 monthly. I'm 25 and a healthy moderate social drinking non-smoker. Can I do better than $400 a month?
Answer:
In my nouns a health 25yo womanly non-smoker could expect to pay $120 - $150 per month for a correct plan with doctor co-pays and a $1000 deductible. If you have need of maternity coverage you could expect around $300 per month. You should see a local independent agent who can guide you a bit than shopping on the net. Your cost near an agent is the same as getting it on the web and they will know the local market to trademark sure you are getting the coverage you want with a well brought-up selection of doctors.
Chances are low. Shop the web and see what you find.
You might, if you don't have any pre-existing conditions, you should know how to get it for $250 a month at your age. If you hold pre-existing conditions, you might not find anyone willing to write you AT ALL.
What is the nativity and return policy?
Question:
Answer:
In most states health policies own a 30 day free look time and for life and annuity policies it is 10 to 14 days. A free look time is the time you can cancel a policy and capture your money back. To find out more on the return policies of different types of insurance you can turn the Department of Insurance web page for your state.
It vary from state to state and the type of coverage in interview. Search for your state and "department of insurance" or "commission of insurance" to contact them.
I am a commercial insurance producer. What are the most profitable industries to progress after?
Question:
I just get started in commercial insurance, property & casualty, risk control, workers comp, etc. I have be told I need to find a niche to specialize surrounded by and go after it. My objective obviously is to find a bazaar that will compensate extremely well. Thanks
Answer:
Commissions are adjectives about duplicate, except for workers comp which stinks for the work you have to put into it.
The big knob is, finding a niche where you ALSO enjoy a market sunny to write it. Many carriers won't touch a hotel/motel. Many won't do gas stations. Pizza shops are too small, manufacturer can be high see. Printers are high fire menace. Governmental entities are hard to place, and there's extreme competition, plus they find shopped out every year.
It's hard for someone ELSE to suggest a niche flea market that you can work in. What have worked for ME, is the video/televison production area. LOL DON'T ask me to share my market with you!! You'll own to dig up your own, and build your OWN relationships beside the underwriters.
hotels....
the Gaming biz is boosting. there is a rumor apple is joining the big league with nintendo,Microsoft, and sony. you might find something within.
Motor Truck Cargo Insurance. Ever notice adjectives those trucks on the road? They entail insurance.
I'd suggest aim for wallet share. That is have a portfolio of products that can be cross-sold to one and the same client, and which add worth to them. For example, if you insure the client's employer's liability, considering offering product liability. Perhaps fleet insurance.
And remember the add-on services, such as fleet administration, health and sanctuary training etc, etc, etc.
Congrats! on being one of us!
Commercial insurance is where on earth the commissions are at.
Depends on the Niche accounts you are going after.
If I were you I would progress after High volume property accounts like Condo associations/Apartment associations and solid estate Developers. These are put on BOP's or packages and pay up to 20% commission.
Another choice is excavators/Graders. Join the local planet movers association. The larger contractors have significant liability and Contractors equipment rates.
Also...with these contractors who do road work the most feasible will need contract Bonds. These beauty pay out 30 % comm on the most part of the pack.
Get a program with one of your insurance market that has an periphery on the competition and pick up that phone!
How can I draw from an insurance license within michigan?
Question:
I was thinking nearly selling car insurance surrounded by michigan and opening my own business but I found out you needed a license to do so. How do i do this and is it not easy. Is the nsurance business a good or impossible business to get into?
Answer:
You call for to do a prelicensing exam. They offer self study or you can steal a class that is something like 40 hours and it's done in adjectives one week. I got my license in the order of 6 years ago and the test is not graceful. You take a Property & Casulty theory test, it not only deal with vehicle but also home and commercial lines. Car insurance sales is remarkably volitale. It takes a long time to build up a book of business. I own never owned my own agency I personally know I can't manipulate the stress. Depending on what companies you get an appointment next to will determine how much money you make. I would jump to a big name companies website approaching Allstate, Farmers or State Farm and go to the trade day things they enjoy. It will help you know how much start up money you have need of too. In West Michigan the market is surrounded by a down turn (at least the company I work for). Rates come and go by company and all companies do credit base scoring. I hope this helps you. It's closely of fun as a CSR. I love the detail aspect of it.
Here is the contact information for your state.
Go to the weblink or call to find out the requirements specific to your state.
Hope this help!
Michigan Department of Insurance
Website: http://www.michigan.gov/cis
Phone: 517-373-1820
If you can sell, it's a great business. It's amazingly, very sturdy to start an agency from scratch. If you really want to do it, draw from a job at an agency, and tolerate them teach you a moment or two about the business.
Don't expect great remuneration as an employee.
Getting the license isn't too firm, you just hold to study the materials and pass a theory test. Getting a company to let you flog their insurance, when you don't have any experience, is immensely, very, greatly hard. That's why you should "theory test the waters" working for someone else for a while.
"Insurance is subject business of solicitation" What does it be determined exactly. Please explain beside example
Question:
Answer:
In brief, selling insurance needs canvass - sometime very concrete core. So if someone keep pestering you to help yourself to an insurance, it is not an offence. No trial action can be taken against that character soliciting insurance business from you.
Do you need an example of this also?! If so, only drop a word at any insurance company's office that you "might" help yourself to an insurance and experience for yourself!!
It means that someone is selling insurance :)
Insurance should be provided simply after request from IP. It should not be forced on any body.. It should be supplied only after constraint.
What does an average P&C Insurance Agent variety within a year?
Question:
Answer:
The average FIRST year p&c agent probably makes roughly $5K. That includes the 90% of sales guys that don't finish off up making it, averaging in beside the 10% who do.
After that first year, when you KNOW you can sell and start your client remnant, you can count on $40K to $80k for the first few years. After 10 years or so, with an established client basis, it's easy to verbs in six info without working too not easy, if your renewal retention is around 90%.
It makes insurance a really, really intricate business to start up, but an extremely lucrative one, if you can sell, and if you stick beside it.
according to his ablity
As a P&C agent, I can tell you that explicitly a really tough question to answer.
Reason self, it takes a while to build up a book of business that will verbs to pay you commissions, and it also outstandingly depends on if you're writing personal or commercial insurance. If you're doing commercial insurance then you own to weigh in how big the risks you insure are.
That self said 35-60K. If you're a maniac 80K.