Re: Bonding and liability insurance
Wayne123
I am also looking into this for starting my own company in the Virginia area, Some point to keep in mind what ever carrier you chose try to be sure you are not wacked with a $75 - $100 charge everytime you need a certificate. Ask what the charge is for certificates! Also if you plan on doing any commerical bidding a insider to the compainies told me it is best to carry $2,000,000 if you want to be considered to do service work in a commerical property.
And as I was told be sure to figure you gross income a little high if you are over your estimate when they check your books next year you can be hit with paying extra.So it is better to have them adjust and rebate you then pay into a plan
Good Luck