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Jeffrey Said:

DJ insurance for a freelance dj?

We Answered:

ok, the NUMBER of employees has nothing to do with it! Premiums are steep, because the liability hazard exists, and hey, you don't want to DJ my kids' birthday party for $25, right, because it costs you more than that just to come and set up. Insurance policies are the same - premiums start at $750, no matter how small you are, because it's going to cost them that much, just to set it up and mail you the policy.

You don't need general liability insurance, unless someone sues you! Of course, then it's going to be too late to buy it.

But most places you go, will want you to have it in place, to use their hall/venue.

Jessie Said:

which insurance company gives you the best premium on general contractors insurance?

We Answered:

Well we can't tell you unless you tell us what state you live in.

This kind of insurance varies widely state by state. Some states have good insurance laws that allow cheap coverage.

Some states have laws that restrict competition or have state courts that have made horrible coverage decisions in the name of 'protecting' consumers but have resulted in systems where premiums are sky high.

Litigation is almost out of control in the contractor liability market. There's been an enormous increase in class action liability suits alleging construction defect in multi-family housing units. Those enormous payouts to the plaintiff's trial firms means that you the policyholder get it in the shorts in terms of premiums.

I'm sure you already know this or you wouldn't be asking the question.

Grace Said:

How would I list the below situation on a tax return?

We Answered:

Schedule E. You are not farming the land, he is.

Veronica Said:

Which insurance company gives you the best premium on general contractors insurance in california?

We Answered:

Depends on the type of work, the percentage sub'd out, the annual gross receipts, etc.

Sorry, you're going to have to call around. I think Willis specializes in contractors, if you're a medium to large sized account (premiums over $100,000 excluding comp).

Heidi Said:

Is contractor's general liability insurance available for hours worked rather than wages paid?

We Answered:

They're ALL based on payroll. OR, the amount subcontracted, which is labor plus materials.

You can't do it based on hours worked.

BUT. See if there's wrap-around coverage for this project. If there is, you need to keep seperated the hours for this project, vs. everything else you do, by employee, because then any gl and workers comp exposures would NOT be counted, at the audit. But ONLY if you keep the records showing exactly how much time John worked on this project, vs. every other project.