NLIC.org

Beatrice Said:

As a small Business owner,will I get fined under the Obama tax plan if I don't pay my employee's car insurance?

We Answered:

yes along with your overhead projector.

Patrick Said:

Why do freelancers, part-timers, small-business owners get easier access to car insurance than health?

We Answered:

Allstate can offer identical policies in all states for auto coverage, thus increasing the size of the risk pool considerably. Health insurers are bound by state health insurance legislation to offer plans that comply. For the most part, a company can't offer identical plans across state lines so the risk pool is much smaller than the pool available to auto insurers. This has quite a bit to do with the difference in cost. The fact that auto insurance doesn't cover oil, gas, tires or tune-ups is another huge factor that causes it to be cheaper than health coverage that pays for our every sniffle. High deductible private health insurance is quite affordable, even if it's not purchased through an employer.

Max Said:

How much would insurence cost for a small car detailing business?

We Answered:

I don't do homework; that's your job!

However, I will tell you what types of insurance you need. Maybe you could check the 'net for approximate costs in your state?

For employees: Workman's Compensation
Possible health benefits.
Liability (in case of accidental injury not covered by Workman's Compensation).

For owner: Liability (in case a car is damaged, stolen, vandalized or other misfortune occurs).
Premises: theft, personal injury liability, fire and general liability, including renter's insurance which will cover storm damage, or other "natural" disasters.

In addition, you will need a permit and/or license to operate the business, and a certificate of occupancy for the building out of which you will operate.

Also, you will need to ensure that you are hiring only documented people (no illegal aliens), who are of age (not minors) and who have driver's licenses (in order to move customer's/client's vehicles).

I think I've got most of the salient points covered.

Edwin Said:

Running a small car business, how do I cover myself?

We Answered:

Yes, you do need public liability insurance right away, just in case someone trips over their own shoelaces in your yard and sues you. To prove to customers your cars are as roadworthy as possible, take the MOT report, and any repair records, and keep them in a file along with all other paperwork having to do with that particular vehicle. Show these records any time someone asks about repairs and maintenance. Kind of like a USA Carfax report.

Yeah, making money isn't the easiest thing in the world to do, but what else is such fun?

Don't forget your business plan!