What kind of costs would I be looking at for a yearly small business insurance liability policy?
Posted by admin
Can anyone give me a round about idea of the yearly cost for a bond/general liability policy for a small cleaning business with only 1 employee in NY? Does $1-2 thousand sound about right?
General liability with one person cleaning, gross receipts under $75,000 is going to run around $1500 a year.
A "bond" is going to run around $250, but doesn’t mean what you think it means, and basically you don’t need it anyway. You’ll have to guarantee the bond amount if it’s a start up business, which means, post $5,000 or however much you want the bond to be for.
Bonds for janitorial services, people ask about them here about twice a week. No one really needs them, unless you’re doing government work.
Leave a Reply