I've got $1M for about $500, but I like Sparky's idea... I feel the same way.. just how much damage can I do?
I've always felt that insurance was an excuse for shoddy work... "screw it, I'm covered..." and the Sparky who feels he really needs liabilty insurance should find another trade like being an insurance salesmen or something.
Sort of related: WV requires auto insurance, so having to spend lots of cash on mandetory insurance leaves a bad taste in my mouth. I put insurance in the same category as the lottery, the stock market, doctors and lawyers... there just out to get your money, period.
-Virgil Residential/Commercial Inspector 5 Star Inspections Member IAEI
Re: General Liability Insurance#1360 05/09/0109:10 PM05/09/0109:10 PM
I pay $275.00 a year for $1 mil, $2 mill agr. here in Indiana. The company is Grange Mutual Casualty. I don't worry about my work, but the volunteer fire departments around here usually just shrug and say "must have been something electrical". A 50,000 bushel grain bin/dryer full of soybeans or corn can amount to a lot of $$$$. Not to mention anything within 100 yards of a fire that hot. What gets me are cities that require the proof of liability insurance PLUS a $2000.00 bond before the will let you test for a license. Once you get the license, it's $75.00 a year, proof of liability insurance and the $2000.00 bond. What's with the bond?
Re: General Liability Insurance#1361 05/09/0109:17 PM05/09/0109:17 PM