I am looking to expand into equipment demolition. I have done a few large projects such as an old brick yard, and a few mobile homes, but I want to take it to the "next level"

I do not have a business location, just my truck. No business is conducted anywhere but at the customer location. I also do not have any employees.

Can any of you private contractors tell me what I need insurance wise? I am guessing ill need commercial insurance on my truck, along with a general liability insurance that would protect the land owner. I dont care about hospitalization(disability, etc)-I have that. Anything else? Any idea of prices?

Thanks

 

workmens comp... you wont get much more than mom and pop jobs w/out it. commercial jobs require workmens comp

 

You are not required to have workmens comp on yourself. Only if you have employees, and there are ways around that. If you wanted to add an employee without dealing with the BS you hire an employee through a temp agency. You can have someone that you like put in an application with a temp agency. The temp agency is then required to pay employee wages, taxes etc. They usually also do the required employee training ( safety) and post the necessary MSDS's and pay comp ins. For this service the temp agencies I have used charge about $3 per hour above the employees wage to deal with everything for you. You just write the checks and technically have no employees. Since this doesn't apply to you my best advice to you would be to definately have commercial ins. on your truck and if possible get a blanket liability policy worth 1 million per incident. ( if you truely want to be protected) A policy like this will probably run you $5k or so per year ( at least in my area)