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Armando Said:

Can a felon get Health and a small Business Insurance?

We Answered:

OK, I've written business insurance on businesses owned by felons. It's not a deal breaker, but for a NEW business, you're likely going to be in the surplus lines market. You need to go to an independent agent, give them details on the type of business it is, and get quotes for the business insurance.

If you're only buying health insurance for one or two employees, it's going to be INDIVIDUAL coverage, not a group plan, in most states. It gets underwritten and priced based on the age, the health, and the coverages. If the agent doing the business insurance isn't licensed for health insurance, ask them for a referral.

**caveat - any illegal acts committed by an owner of the business are NOT COVERED anyway - just want to make sure you know that. If the partner runs off with the stock, it's your loss.**

Jean Said:

How much does it cost for small business insurance in New York State?

We Answered:

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.

Javier Said:

help on assignment: small business insurance for workers?

We Answered:

For your project you could say that the business will provide Life Insurance for every employee. The cost of 10 year term insurance is 10¢ per $1,000 of insurance. Offer each of your employees $100,000 of insurance so their family would get money upon their death..

Pauline Said:

Question About Small Business Insurance?

We Answered:

Different companies will have different requirements and pre coverage conditions. Premiums will also vary sometimes by several hundred dollars. It is always a good idea to start with the company that carries your auto and home owners insurance so that you also may be able to be covered by an umbrella policy. Shop around for business insurance just as you would any other kind.

Charlene Said:

What kind of costs would I be looking at for a yearly small business insurance liability policy?

We Answered:

General liability with one person cleaning, gross receipts under $75,000 is going to run around $1500 a year.

A "bond" is going to run around $250, but doesn't mean what you think it means, and basically you don't need it anyway. You'll have to guarantee the bond amount if it's a start up business, which means, post $5,000 or however much you want the bond to be for.

Bonds for janitorial services, people ask about them here about twice a week. No one really needs them, unless you're doing government work.