How much do you pay them?

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Question for welding shop business owners. How much do you pay for your liability insurance? I called a broker today and im still waiting for him to get back to me. I just want a general idea of what I should expect.Lincoln Ranger 250 GXTLN-25Lincoln Magnum SG and ModuleAirco HF BoxMiller 304 XMT CC/CVMiller 60 Series FeederMiller Syncrowave 250O/A SetupIt's a dog eat dog world and i'm wearing milkbone underwear
Reply:Percentage of sales
Reply:Typically for a 1 man shop.  Its starts at $3500 a year for non structural work.  $5000 for under 3 stories structural.  And don't even ask me what I pay for welding on bridges.Lincoln 300 Vantage 2008300 Commander 1999SA250 1999SA200 1968Miller Syncrowave 200XMT350MPA/S-52E/xr-15Xtreme 12vs Millermatic 251 w/30A  Millermatic 251 Dialarc 250 Hypertherm 1250 GEKA & Bantom Ironwokers
Reply:When I think about it 3500 doesnt seem that bad. I would hate to lose my equipment.Lincoln Ranger 250 GXTLN-25Lincoln Magnum SG and ModuleAirco HF BoxMiller 304 XMT CC/CVMiller 60 Series FeederMiller Syncrowave 250O/A SetupIt's a dog eat dog world and i'm wearing milkbone underwear
Reply:About 5 grand a year here.Disclaimer; "I am just an a$$hole welder, don't take it personally ."
Reply:Originally Posted by JD WeldingWhen I think about it 3500 doesnt seem that bad. I would hate to lose my equipment.
Reply:I finagled that on to my trucks policy, no shop here just the rolling toolbox.Disclaimer; "I am just an a$$hole welder, don't take it personally ."
Reply:Originally Posted by JD WeldingWhen I think about it 3500 doesnt seem that bad. I would hate to lose my equipment.
Reply:Thanks for the advice. I think next week im going to do some shopping around with local agents.Lincoln Ranger 250 GXTLN-25Lincoln Magnum SG and ModuleAirco HF BoxMiller 304 XMT CC/CVMiller 60 Series FeederMiller Syncrowave 250O/A SetupIt's a dog eat dog world and i'm wearing milkbone underwear
Reply:I pay right at five thousand a year, paid in quarters. That is for two million dollar liability insurance. My underwriter does not and will not cover theft. Good luck.You have to learn the rules of the game. And then you have to play better than anyone else. Albert Einstein
Reply:Found out the boys from OK and TX are paying $1,800 a year for their insurance and that includes welding over the hole.  Sounds like the welders here in the northeast around getting screwed.
Reply:Originally Posted by lincweldFound out the boys from OK and TX are paying $1,800 a year for their insurance and that includes welding over the hole.  Sounds like the welders here in the northeast around getting screwed.
Reply:Well being from a small town in minnesota that might help me out. But what wont help me is that i am so young.Lincoln Ranger 250 GXTLN-25Lincoln Magnum SG and ModuleAirco HF BoxMiller 304 XMT CC/CVMiller 60 Series FeederMiller Syncrowave 250O/A SetupIt's a dog eat dog world and i'm wearing milkbone underwear
Reply:not sure what young as to do with it.  most insurance companies only care about $$ like all of us -until you f**k up.
Reply:I pay 5000 for mobile welding and truck repair,good luck