Re: Insurance question for small business owners

["Crash Gordon" <webmaster@xxxxxxxxxxxxxxxxxxxxx>]

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?
>>
>
>