Best answer: Should a contractor have liability insurance?

What insurance should I require from a contractor? The most important insurance that a hired contractor should have is workers compensation insurance. Hiring a contractor without workers comp insurance could leave you paying an injured employee or subcontractor’s medical bills indefinitely, just for hiring someone to fix your property. Do I need insurance if I …

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Is automatic renewal of insurance legal?

Is it legal for insurance companies to automatically renew? It’s entirely legal for insurers to auto-renew your car insurance contract but by law, they must tell you: Last year’s price – so you can easily compare it to your new premium. To check your cover and to shop around for the best deal – if …

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Can you have too much liability insurance?

How much liability coverage should you have? You will be required to carry a minimum amount. For example, in California you need to have at least $15,000 for bodily injury to one person, $30,000 for bodily injury to multiple people in a single car accident and $5,000 for property damage (written as 15/30/5). Is it …

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Is insurance cheaper on a van or SUV?

Is it cheaper to insure a van or SUV? Ultimately, all things considered, a minivan is generally cheaper to insure than an SUV. … Driving a minivan will typically cost you anywhere from 12% to 20% less than driving an SUV – at least from an insurance standpoint. Obviously, specific rates and policies vary between …

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How do I buy commercial insurance?

Can you get commercial insurance without a business? If you don’t operate a fleet of business vehicles — or run a business at all — you may never have given commercial auto insurance a thought. … However, if you’re regularly using your car for an employer, it’s their responsibility to insure it for work-related driving, …

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Can you insure your designer bags?

Can designer bags be insured? If you have a collection of couture and designer clothing, it should be insured. … Because of the higher value of these designer and couture collections, expect to pay a higher premium than on a regular home contents policy. The coverage will typically be added as a rider to your …

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How much does a motorcycle insurance cost in Canada?

Do you need insurance for motorcycle in Canada? Why do I need motorcycle insurance? Motorcycle insurance is important, in Canada, motorcycle owners must have insurance by law. Bodily injury and property damage insurance protects you against claims filed by other parties in the event of an accident caused by you. Are motorcycles expensive to insure? …

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How does taking a loan from Life Insurance Work?

What is advantage of taking loan against life insurance policy? While taking a loan against a life insurance policy has many benefits, including a lower interest rate, a shorter wait-time for approval, etc., you must choose this option only as the last resort. How long does it take to borrow money from life insurance? In …

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What’s the best car insurance in California?

What is the #1 car insurance? 1. USAA. USAA is the best car insurance company we found. In our survey, USAA customers say they are very satisfied with this insurance provider’s customer service. What car insurance should I get in California? California requires drivers to carry at least the following auto insurance coverages: Bodily injury …

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