How much does it cost for small business insurance in New York State?
I live in Buffalo NY. My friend and I are thinking about starting a home repair and minor remodeling business. We would do everything from roofing to painting. 2 work vehicles and just the 2 of us as employees. Do not need medical, just liability and Workers Comp.
While workers comp is probably a good idea it isn’t required if just the owners are working. Roofing Work comp is one of the higher cost businesses you could be in.
In addition to the liability insurance you will need insurance for the trucks as well. If they are your own trucks they may not be covered for business use under your personal auto policy.
All that said the easiest way to find out the cost is call 2 or 3 local agents. There is a lot of information that you haven’t posted here they will need to get you a correct quote.
Recommended Reading
- Business Insurance Agents
- Schiff Town Hall – Private Plans Will Grow, as Costs for Small Business Decrease
- Business Insurance Agents Know the Difference Between What and Why
- NEW YORK SMALL BUSINESS OWNERS SUPPORT CHOICE OF A PUBLIC HEALTH INSURANCE PLAN
- Business Strategic Development (ebook)
While workers comp is probably a good idea it isn’t required if just the owners are working. Roofing Work comp is one of the higher cost businesses you could be in.
In addition to the liability insurance you will need insurance for the trucks as well. If they are your own trucks they may not be covered for business use under your personal auto policy.
All that said the easiest way to find out the cost is call 2 or 3 local agents. There is a lot of information that you haven’t posted here they will need to get you a correct quote.
References :