Insurance for IC

I switched from NSO a year ago paying $750 annually. I pay a lot more now. $900 is still a good price compared to what you will find in the specialty insurance market. To find a local business insurance broker, you will probably need to get a referral from some random consumer broker unless your search engine skills are excellent.

How much do you pay for your general liability if you don't mind me asking? I am getting some crazy quotes from companies in the 3k range just for general liability + worker's comp (which I haven't yet figured out a way to get out of the worker's comp).

Honestly, I don't know the breakdown. Kind of irrelevant because if you do not go through specialty markets (or HPSO), you will not get either. You will find that no one will do general if they are also not writing professional. If you have a regular business, general liabiity is very cheap.

Just reread your last post. It appears you are getting quotes without the professional liability portion, and in fact, most of your quote was likely workers comp. As I understand (minimally) how WC usually works with private insurance companies is that you tell them what your average annual payroll will be and prepay the WC. If you go over (WC is about 1.5% of payroll) that prepayment, you will pay more. I assume if your annual payroll is less than your initial estimate that you will be refunded the difference. Since I operate out of a state with state run WC, my insurance broker was vague about refunds and likely had never dealt with that question.

Please, no more questions about WC! You will have to obtain answers locally. Nor do I want to go into the complexity of my situation where I cannot offer WC to any out of state travelers (it might be possible with out of state brokers but it would be the same carriers).

The only thing my state does for me is to cheaply provide a legitimate WC COI (certificate of coverage) to facilities. Not exactly a lie, but pretty close.