Re: Insurance question for small business owners

["James" <trishnjames@xxxxxxxxxxx>]

Here in Utah, we have to have our insurance before we can get a license.  We
also have to pass a background check and 2 different written tests.  Only
then will the state issue an alarm license.

James


"Crash Gordon" <webmaster@xxxxxxxxxxxxxxxxxxxxx> wrote in message
news:Qn0Ve.41$zw2.1274@xxxxxxxxxxxxxxxxxx
> I've been asked for:
> Copy of contracts
> Whether we provide Medical panic buttons - if so...how many. (not many)
> Every year or so they want financial statements, but never been audited by
> them
> Percentage of commercial v. residential
> Do we work with hazardous materials..blah blah blah.
>
> Never been asked for licenses though.
>
>
> <thesatguy1@xxxxxxxxxxxxx> wrote in message
> news:pjZUe.21$Ob2.17@xxxxxxxxxxxxxxxxxxxxxxxxxxxxx
> > 7Having been in business 42 years I can truthfully tell you that no
> > insurance company ever asked me if I had a license - the only thing they
> > care about is do you have the premium.
> > They ask you what your annual sales volume is.  However, they never ask
> > for proof.
> > They ask you what percentage is new work and what percentage is
completed
> > operations.
> > They ask you if you employ outside contractors or if you use
> > subcontractors and if so what percentage of the work do they do.
> > They ask you if you provide monitoring or contract that out to somebody
> > else.
> > They ask you if any employees are armed and if so what percenatge are
> > armed vs unarmed..  They ask to see every piece of paper you might give
to
> > a customer.
> > They ask if you supply any services without a written contract.
> > They always ask if you do any work related to elevators or escalators.
> >
> > "no wires showing" <alarminstall@xxxxxxx> wrote in message
> > news:1126309205.866790.205500@xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx
> >> Insurance companies are not going to cover unlicensed companies who
> >> operate in a state where a license is required. Bass is doing business
> >> as an alarm company in a state that requires a license. Do unlicensed
> >> motorists get auto coverage?
> >> He's either lying about having proper insurance, or he lied on his
> >> application. Either way he's lying, but would you expect anything else?
> >>
> >
> >
>
>