I am looking for General Liability insurance for a start up remodeling company.?

Answers:2   |   LastUpdateAt:2012-09-07 21:41:02  

Asked at 2012-07-03 13:20:02
I will be the only employee. I have heard that I must have insurance and this is based on my payroll. If I pay a sub-contractor for work performed does he become my employee and am I liable for his actions on the job site? What does general liability insurance cover? What is a insurance audit?
Answer1NicciAnswered at 2012-09-07 21:41:02
OK , you can not buy it online . You need to see an agent. MedlinePlus MedlinePlus If the subcontractor has not provided a certificate of insurance , showing that GL has coverage for the entire period of your policy is active , is classified as an employee , as well, it is your responsibility on the hook for any of its uninsured subs . MedlinePlus MedlinePlus General liability , well, for a start , which is looking for a carrier not accepted , so it is highly individualized . You'll have to talk to the purchasing agent , to see what is covered . MedlinePlus MedlinePlus An audit . Well, to GL and workers compensation policies are classified in terms of sales (either for gl ) or payroll ( by gl and wc ) for next year . Obviously, it's a guess , since you can not know exactly what will happen next year . So , after the end of the year , the insurance company back and see your books , so you know exactly what the sales figures and payroll were , and recalculates the bonus they gave you at the beginning of the year , and adjust it - . MedlinePlus retroactively MedlinePlus That's why it's so important , if you are buying a commercial policy , not to look at the premium , but in the rate.
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