Health/medical insurance

[stevenf]

Being a sole proprietor or LLC, do you get induvidual health benefits or would you just have to pay full price through an insurance agency?
Are they offered lower priced being opened in the business name?

[mngrassguy]

Talk to your insurance agent. I'm sure you have one.

[stevenf]

How do you guys handle this?

[mngrassguy]

I just pick up my cell phone and call him.:dizzy::dizzy::dizzy:

[stevenf]

Im asking people if there are ways to tweak the system by insuring there families with extra benefits of being a sole pro. or LLC. Anyone else?

[mowerman87]

In regard to general liability insurance, what is a good premium? I've been shopping around recently and found a $1 million policy for $450 down and 9 payments of $79 per year. Is this a good deal? How is one supposed to know who to go with? I am getting liability so that I can get out of the residential-rat race. Commercial is honestly where the money is.

[larryinalabama]

ehealthinasurance.com

[Brianslawn]

In regard to general liability insurance, what is a good premium? I've been shopping around recently and found a $1 million policy for $450 down and 9 payments of $79 per year. Is this a good deal? How is one supposed to know who to go with? I am getting liability so that I can get out of the residential-rat race. Commercial is honestly where the money is.

so instead of doing $20 for tiny lots, youre gonna do $20/acre at factories? furthermore... you been mowing how long without liability insurance? do you even have liability on your truck or station wagon or whatever you use to haul your push mower around?

if you guys need cheap health insuarance... get a night job at taco bell.

[mowerman87]

I assure you that I am not mowing anything for $20. And when I say "liability" I am talking about business insurance that one must show proof of in order to bid on corporate or city jobs. And yes I do have auto insurance on my truck, but I really don't think I would feel comfortable working in a restaurant environment. I'd rather step up my business and start working for clients that can afford year round service- not factories but churches, schools, retail areas, government buildings, etc.

[Brianslawn]

schools (if they dont do it themselves) are usually seasonal and often go for cheapest bid every year. churches often have volunteers at church or hire a member of church that mows. be careful about any government or public contract. theres usually a lot more paperwork involved. there is some commercial places that are willing to pay xtra for a nice looking place... but more often than not, especially with the economy down, they go for the guy with the lawn tractor in the back of the pick up cause hes the cheapest. theres a reason that we are 90% residential and 10% commercial still after a decade here in ar. im not saying not to do any... just deversify.

and as for biz liability... you need to have it even if youre just doing residential. never know when youre gonna hit a rock and put it through a window or someones head. then what? businesses are just smart enough to hire someone with insurance, unlike the average home owner.

[BOEpavers]

Steven,

You might check with your local chamber of commerce or builders association. Most of them provide health insurance options at group rates. We have our health insurance through our county builder's association and we have excellent coverage, choice of several plans, prescription, dental, etc. You would be required to join the organization to take advantage, but it is worth looking into.

[vacamper]

I'd check with an agent who is familiar with Louisiana health plans. In Virginia, it doesn't make a difference in you're health rates, if you're a sole prop or llc. Generally, if you can medically qualify for the preferred rates on an individual plan, you'll pay less money than for a similar group health plan.

[VBsnow]

The person who recomended the online agent should be taken w/ a grain of salt. I personally was in a situation of having a billing/benefits dispute after my daughter had an operation. While the companies will be helpful directly in some cases, it would be much better to have an agent to be your advocate. I am an insurance agent who has had to go a few rounds over benefits w/ a company. It will be much better to have someone in the know if things get screwy.