Question by The_Rockstar: What Companies provide Home Improvement Contractors Insurance?
I need an insuarance certificate for public liability for $ 1000,000 and property damage for 25,000
Answer by mbrcatz17
OK, assuming you’re in the US, as you posted this to a US board – if you have no prior insurance, you’ll have to go to an independent agent who can hook you up with a non-admitted carrier like Rockwood Ins. or Scottsdale. Both do contractors. It will likely cost you about $ 1000 – $ 1500 if you’re a one man shop. You’ll have to pay it up front. It will be fully earned, so if you buy the insurance, then get the certificate, and try to cancel the policy, they’ll cancel it, but you won’t get any money back. Sorry, but contractors do that ALL THE TIME. They also, as a group (so don’t take it personally) like buying policies just for their busy season, then letting them cancel for nonpayment – which is why you have to pay in full for a year.
But if you’re calling State Farm, Nationwide, Farmers, etc, you’ll notice they won’t write you without three years of insurance history. So you need to go to an independent who can shop you out on the surplus market.
Add your own answer in the comments!