I’m stuck with insurance problems


#1

I purchased my equipment 5k worth and am ready to go to work I have money for general liability but not commercial auto and I also have the money for inland marine equipment does anyone have any reccomedstions on where I go from here or am I just screwed till I can afford commercial auto I need to get to working my current job pays minimum wage


#2

Where are you located ?


#3

I’m confused what’s the question


#4

Talk to a Shelter insurance agent


#5

I’m in west palm beach Florida and what is shelter insurance everywhere I check commercial auto is 2 to 3 grand I’m asking is they an alternative like use my personal insurance with full coverage or is that a no


#6

If nothing happens then you have no problem but if it does there will be issues.


#7

That’s what I’m afraid of


#8

People down here are idiots I’m registered as an llc but pretty sure that will affect me personally if something happens


#9

Does FL have specific insurance requirements? It was a little hassle but I had a local insurance agent write up my WC and PW liability and it certainly wasn’t several thousand a year.


#10

Those numbers seem about rite . I think mine is about 3k for two trucks


#11

Gl is cheap about $1200 or $1400 I can’t remember.
WC your going to need to remortgage your house for if you do roofs.
Minimum $100000 payroll and WC will be 30 percent of that payed upfront


#12

I will be the only one working I have the money for general liability and inland marine it’s the commercial auto that is killing me…


#13

I have a few guys that will work on occasion but they will be on the ground


#14

I asked my agent about commercial auto. They said if I get in accident they would require commercial auto at that point but the claim would definitely be paid.


#15

So @Sasquatch your saying if they is an accident my personal will pay but from that point on I would have to have commercial auto


#16

Well, I am saying that’s what my agent told me. I would talk to your agent. I should probably get it in email to cover my butt.


#17

Sounds like getting flood insurance after it floods, or getting health insurance after you need a major surgery.

Insurance companies arent still business if thats how they operate. Im lost on what your saying.


#18

I’m just gonna have to save and get it I want to pay it for a year


#19

Not really. There is a policy in force.


#20

May I ask why?

My GL policy gets paid automatically every month. A whopping $82.25. Liberty Mutual charges nothing extra for that.

But even if there is a service fee for breaking up the payments, it’s negligible when compared with your ability to generate income with that vehicle safely and with peace of mind.