I live in Florida and I get a quote for $636 for 6 months for Liability insurance, is this a good quote or should I hold looking. What is a good price for insurance for a cleaning company near 2-3 employees.
Answers: It's a great quote, for liability insurance. I've never found a carier ready to do it for less than $1500 a year.
Warning: the policy is AUDITABLE. That process, you have the price, and you hold a RATE. After the policy is over, the insurance company AUDITS it, it's usually based on PAYROLL, and they can increase the cost if your payroll is in reality MORE than you estimated. So keep the RATE surrounded by mind, as well as the PRICE.
For the workers compensation, the minimum premium is going to start at $1500, but I reason it will be higher, if you hold three full time employees. Calling them subcontractors won't take you off the hook for benefits, unless they hold workers comp policies themselves. Uninsured subs are considered as employees, for both liability and workers comp.
YOUR AGENT should be explaining this to you!
As an Insurance Agent surrounded by Ohio and you should never buy insurance based on price other buy based upon the coverages they bestow .. remember the purpose of Insurance is to cover any catastrophic event...
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Answers: It's a great quote, for liability insurance. I've never found a carier ready to do it for less than $1500 a year.
Warning: the policy is AUDITABLE. That process, you have the price, and you hold a RATE. After the policy is over, the insurance company AUDITS it, it's usually based on PAYROLL, and they can increase the cost if your payroll is in reality MORE than you estimated. So keep the RATE surrounded by mind, as well as the PRICE.
For the workers compensation, the minimum premium is going to start at $1500, but I reason it will be higher, if you hold three full time employees. Calling them subcontractors won't take you off the hook for benefits, unless they hold workers comp policies themselves. Uninsured subs are considered as employees, for both liability and workers comp.
YOUR AGENT should be explaining this to you!
As an Insurance Agent surrounded by Ohio and you should never buy insurance based on price other buy based upon the coverages they bestow .. remember the purpose of Insurance is to cover any catastrophic event...
Resolved Questions: