How much would workers comp and liability insurance cost on average if I had 4 employees that earn give or take 35,000 per year that would be painting interior and exterior??
2007-02-22 04:49:04 · 5 answers · asked by Pesar C 1 in Business & Finance ➔ Insurance
Assuming your gross receipts around $250,000, and no one is working over three stories tall . . . The workers comp on this should run you about $18,000 a year, and the GL around $12,000, varying geographically, of course.
These are WAG numbers (Wild A** Guess) pulled out of my hat, based on prior experience. You'll have to contact a local agent to get a REAL quote.
2007-02-22 05:53:08 · answer #1 · answered by Anonymous 7 · 0⤊ 0⤋
Talk to an agent about it.
It sounds like you already know the drill, here is what we ask for when quoting.
1-It's a new business, so yrs. of experience
2-Annual Payroll, not including owners
3-3 most recent jobs
4-New construction or Remodel?
5-Spray?
6-How much Liability?
7-Autos?
8-Tools (under $200 per item)
9- Equipment (over $200 per item)
Hope this helps, good luck on your new venture!
2007-02-22 13:19:47 · answer #2 · answered by Nate W 5 · 0⤊ 0⤋
If anyone gives you a dollar amount on here, don't believe it. There are too many variables.
Call an independent insurance agent or broker in your area and ask them for a quote.
2007-02-22 13:07:36 · answer #3 · answered by Faye H 6 · 0⤊ 0⤋
The percent of insurance on income/expense all depend on the place and the insurance company concerned with which you are going to have it insured.
2007-02-22 12:54:00 · answer #4 · answered by cabridog 4 · 0⤊ 0⤋
you should speak to an insurance agent in your area-maybe 3 or 4 and get quotes.
2007-02-22 12:52:56 · answer #5 · answered by askthepaintman 3 · 0⤊ 0⤋