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Arlene Said:

10 POINTS for best answer! I am starting a small business, mowing lawns..?

We Answered:

I am in Virginia and my husband has a mowing business. His insurance is through Cincinnati Insurance Company. For a $1million policy it runs him $300 a year. He also has his commercial mowers insured for an extra $110 per year per mower. The value of the policy on the mowers are $9k each.

Maxine Said:

Starting a business in Tree work and Landscaping?

We Answered:

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Samantha Said:

How to start a tutoring business?

We Answered:

Check with your state and local authorities to see what is required. You can usually find the info on your states website. If you are tutoring on your own and not through someplace like Sylvan then yes, you are self employed. Any income should be reported to the IRS. You would have to file a Schedule C on your income tax returns. You also have to keep track of any expenses you incur as a part of the business.

Chester Said:

Insurance Carriers and Premium Rates?

We Answered:

Actually, the opposite is true. We are in a middle of "soft market". It means insurance carriers have so much money that they write risks that they wouldn't previously consider. Workers Comp rates have gone down twice in 2007!!! Premiums are really low (Hartford's monoline GL is $350)