I want to start a roofing business in Louisiana, can I only purchase standard liability minus workmens comp?
I want to start a roofing business in Louisiana, can I merely purchase standard business liability insurance short workmens comp? It will be a small company only just 3 of us(me and 2 sons).which are covered on personal insurance policies.Please relief!!
Answers:
If you set up your company as a partnership where on earth adjectives 3 of you are partner (and you do not hire anyone else not even a daytime laborer) you can probably decline coverage. However, you involve to brand sure that you can do this near respect to Louisiana directive. Consult beside an insurance agent who is licensed in Louisiana and who specializes in business insurance or attorney for confirmation. Or you can also consult beside the State at (225) 342-7555. If you can decline coverage and choose to do so, realize that respectively of you will requirement to hold vigour insurance, enthusiasm insurance and disability insurance which might not be so glib to attain because of your occupation. Roofing is considered one of the most hazardous employments due to the propensity for falls.
Your agent should know how to go you commercial standard liability coverage and if you hold chosen to decline the workers compensation will probably ask you to sign a waiver. If you can and do choose to waive your right, I would also own respectively of your sons sign for the sake of clarity and to avoid any adjectives misunderstandings.
Good Luck
Better speak to a agent or a insurance company to grasp quote..Whereas use the intermingle below to get hold of free quote.
Sure, you can buy lately the GL.
But don't bet on your personal condition insurance covering injuries that are "workers compensable". Most hold exclusions for work related injuries. And even if they don't, if this is your business, and a son is injured, his form insurer can SUE YOU for adjectives the medical bills. And God Forbid he get kill, his wife/kids can SUE YOU for lost wages for the rest of his go. And they'll win.
Not have workers comp does NOT win a business owner past its sell-by date the hook for workers comp benefits - medical payments and lost wages are STILL due the injured personality. Their strength insurance company IS entitled to reimbursement of medical payments. Or their estate. And they can't sign those rights away.
Don't believe me? Discuss it near your attorney.
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Term insurance?
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Insurance settlement check?
Can anyone recommend a unique travel insurance for these circumstances?
Answers:
If you set up your company as a partnership where on earth adjectives 3 of you are partner (and you do not hire anyone else not even a daytime laborer) you can probably decline coverage. However, you involve to brand sure that you can do this near respect to Louisiana directive. Consult beside an insurance agent who is licensed in Louisiana and who specializes in business insurance or attorney for confirmation. Or you can also consult beside the State at (225) 342-7555. If you can decline coverage and choose to do so, realize that respectively of you will requirement to hold vigour insurance, enthusiasm insurance and disability insurance which might not be so glib to attain because of your occupation. Roofing is considered one of the most hazardous employments due to the propensity for falls.
Your agent should know how to go you commercial standard liability coverage and if you hold chosen to decline the workers compensation will probably ask you to sign a waiver. If you can and do choose to waive your right, I would also own respectively of your sons sign for the sake of clarity and to avoid any adjectives misunderstandings.
Good Luck
Better speak to a agent or a insurance company to grasp quote..Whereas use the intermingle below to get hold of free quote.
Sure, you can buy lately the GL.
But don't bet on your personal condition insurance covering injuries that are "workers compensable". Most hold exclusions for work related injuries. And even if they don't, if this is your business, and a son is injured, his form insurer can SUE YOU for adjectives the medical bills. And God Forbid he get kill, his wife/kids can SUE YOU for lost wages for the rest of his go. And they'll win.
Not have workers comp does NOT win a business owner past its sell-by date the hook for workers comp benefits - medical payments and lost wages are STILL due the injured personality. Their strength insurance company IS entitled to reimbursement of medical payments. Or their estate. And they can't sign those rights away.
Don't believe me? Discuss it near your attorney.