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Old 02-17-2007, 12:54 PM
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wnccutter wnccutter is offline
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Join Date: Jul 2004
Location: North Carolina
Posts: 122
Originally Posted by GElawn View Post
I am starting this spring and have 1 large account, they requested that I have liability insurance. How much should I carry?

I have contacted my local insurance co. , they gave me some choices of 100,000 300,000 500,000 100,000,000 the difference in price from the lowest to the highest amount is about 250. Do I need this insurance for just one account?

This insurance really cuts into my profit margin, and I am not sure if I want to take on another account, with being I am just starting out in this biz.
...go with 1mil...I have governmental and commercial accounts and that covers it all...

Get workers comp as well...there is a basic entry level amount that is fairly cheap...

Not having this coverage will hold you back and COST you money in the long have to spend money to make money...some expenses are a better value than others and IMO insurance is "good" value...
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