I just landed a nice size commercial account and they want proof of Insurance that has the following $1,000,000 Aggregate and also fo each occurrence. I have $2,000,000 and $1,000,000. For this I pay about $800/yr which is a great deal.
Now the problem. I need to show proof of Workers Comp. insurance which I don't have and for me to get it, it will cost $2600/yr for a sole proprieter that claims less then $30,000/yr and it goes up from there. I have workers Comp. thru my other job but thru this it does not matter here.
So how much do you all pay??? Workers Comp. insurance is thru the state so there really is no negotiating with there price even though I tried and ended up driving the agent nuts.
Either way I will get the Workers Comp. tomorrow and I will have to give them $1300 payment up front(ouch)