Any advice on small business construction insurance?

We have insurance that covers sewer line damage but now we are also doing bathrooms and would like to do it all legally.





Anyone doing small construction jobs out there and usually use crews of 2 or 3.





What type of insurance? What type of annual premiums?Any advice on small business construction insurance?
Residential/Commercial insurance will be very expensive. Rates can be anywhere from 15K to 50K. Check with your insurance agent and see what type policy you have. The best to get is $2 Million on your G/L Aggregate and get it ';per project'; on your Products-Comp Op aggregate limits. If you cannot get $2 Million on your Comp/Op Agg try and get $1 Mil on an Excess/Umbrella. All this depends on your job history and annual revenue. Most important have your agent shop around for you.Any advice on small business construction insurance?
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Wait - you have construction coverage with underground NOW? Can't beat that with a stick! All you probably have to do, is add on a class for interior, and plumbing. You're already being nailed with the minimum premium, so all you REALLY need to do is figure out what the payrolls are for the guys doing those classes, and add the class codes to your current GL policy.





Min. premium for this is usually around $2500, but you'll be over that with your existing exposure, so figure GL rates about 15% of payroll.