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What type of insurance you all of you self employed welders carry? I have both a commercial business location and a home shop. Since I am retired, I prefer to do my welding at home or possibly doing portable repair but wondering what type of coverage you are carrying. I assume some type of liability and possibly errors and omissions insurance. I plan on offering a pick up and return provision in my business and that probably requires additional insurance. I currently carry a commercial insurance policy on my truck so I might be ok there.
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Dynasty 350 - My New Baby
Millermatic 210 Mig with Spoolmate 3035
Miller Thunderbolt XL 225/150 AC/DC Stick Welder
Miller Specturm 625 Plasma Cutter
Speedglas 9100 auto dark helmet
Jackson auto dark helmet
18.5 CFM Eagle Compressor
Oxy/Act
Horizontal Band Saw
Dewalt 14" Chop Saw
7 1/2 Dewalt Angle Grinder
4 - 4 1/2" Sears Angle Grinders
1 - 4" Makita Angle Grinder
2 - IR Die Grinders
All of which my wife says will be a "he$$ of a garage sale"
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I carry general liabilty for business and trucks carry commercial coverage specifically for welding.2- XMT's 350 cc/cv
1- Blue star 185
1- BOBCAT 250
1- TRAILBLAZER 302
1- MILLER DVI
2- PASSPORT PLUS
1- DYNASTY 200 DX
1- DYNASTY 280 DX
1- MAXSTAR 150 STL
1- HF-251 BOX
1- S-74D
1- S-75DXA
2- 12-RC SUITCASES
1- 8-VS SUITCASE
2- 30 A SPOOLGUNS -
Insurance !!
Hi, I pay $2000.00 for my truck Insurance ! Per Anem.Originally posted by fabricator View Post
Liability Insurance for Welding Operations, $8000.00 " NOT " I'm Hanging on by a Thread as It Is !!
.............. Norm
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I have 1 mil general liability that runs 1200 a year. Most of my contracts require at least 300k liabilitysigpic
Miller Trailblazer 302
Miller 12 RC wire feeder
Miller HF 251D-1
Miller 175 wire feedComment
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I have a 2 million policy plus another million that is an umbrella policy.
Plus workmans comp policy.
I'm paying about $ 14,000.00 a year.
As your liabilities or exposure increase so do your insurance costs.
My work comp is $6,000.00 of the 14.
Many guys get by without it but are never aloud to do big jobs and its the bigger jobs that pay better.Comment
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I have a 2 million policy plus another million that is an umbrella policy.
Plus workmans comp policy.
I'm paying about $ 14,000.00 a year.
As your liabilities or exposure increase so do your insurance costs.
My work comp is $6,000.00 of the 14.
Many guys get by without it but are never aloud to do big jobs and its the bigger jobs that pay better.
You also want to make sure your policy covers completed operations meaning that if you weld a trailer hitch on a truck thats general liability.
After the truck leaves and a trailer is attached to the hitch thats when completed operations covers you.
95% of insurance companies wont touch a portable welder. We are considered high risk.
The funniest thing that I dont understand is that none of my insurance companies ever asked if I am certified. I am now but there are still a ton of things out there that I'm not certified for.
However you really need to ask your insurance provider.Comment
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