Contact us at 607-843-8860 and insurance@drickardinsurance.com
The One Man Show I'm A Sole Proprietor And They Are Making Me Buy Workers Compensation Siding Contractor With Employees
We find insurance for exterior wall finishes contractors. This involves developing siding contractors insurance policies. The contractors we most frequently find great insurance solutions for are residential vinyl siding contractors.
| NOTE: Our insurers will not write a policy for siding contractors that will do work above a 2 story house, or work on commercial, industrial, medical facility or municipal work. |
As with any business the bottom line is a concern. We have seen premiums under $300 a year. Keep in mind there is likely not enough coverage for most businesses at this minimal coverage. Many small siding companies will find coverage at under $500 per year. For specific information on policies that fit your needs, including Commercial General Liability, Commercial Auto, Workers Compensation, and NYS DBL and PFL please contact us at 607-843-8860 or email insurance@drickardinsurance.com.
| Hint: The longer you have been in business and insured the better opportunity you have for the best insurance pricing. So keep your insurance even during your off-season. |
You work by yourself, or with an occasional helper, handling the type of siding specialty work found in a residential settings. The Commercial General Liability policies we have found generally range from less than $500 to $600 per year if you only work by yourself. To add an occasional helper will add usually less than $200 to $300 annually. This type of policy does not include your tools, and other property coverage that you may need. We strongly encourage you to get more than the smallest policy you can find for many the reasons we are happy to discuss with you at insurance@drickardinsurance.com or 607-843-8860. If you have a helper you will need the mandatory employment insurances required by New York State.
| Note: Your helpers and "independent contractors" may actually be considered employees. NYS has specific rules for what is an employee and what is an independent contractor. If the helper, independent, sub contractor that works for you does not have their own insurance you may need to cover them under your general liability, workers compensation and NYS DBL/PFL policies. |
In addition to the Commercial Package Policies discussed earlier, one man operations are being forced to buy a workers compensation policy. We can arrange coverage for a sole proprietor who does all of the work himself with, no employees or helpers, to acquire "if any" Workers Compensation (WC) policy that the owner excludes himself on. (We don't think a workers compensation policy that excludes the owner is in his best interests.) The total cost of the WC package has been in the $4,000 a year area. Actual premiums depend upon coverage specific case by case underwriting. We are happy to discuss with you at insurance@drickardinsurance.com or 607-843-8860.
General Eligibility Rules
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We can help established siding, plastering, and exterior wall finishes contractors with employees that qualify under all of the stipulations listed above. Come to us for the Commercial General Liability, Business Property, Commercial Auto, Workers Compensation, and NYS DBL/PFL insurance. Based on your needs we will work together to select insurers among the many companies we work with. Contact us so we can custom design an insurance package for this need at insurance@drickardinsurance.com or 607-843-8860.
| Note: Not all options are available from every insurer. |