Small Business Resources, Business Advice and Forms from AllBusiness.com
 

What Is Required to Get a Quote for Workers' Compensation or Business Insurance?

Before you start shopping for a business owner's policy (BOP) or workers' compensation insurance, study your company's claims history and review your current policy (if you have one) to familiarize yourself with your current coverage and rates.

Although requirements vary slightly from

broker to broker or carrier to carrier, you'll need to submit the following information in order to get a BOP or a workers' compensation quote:

For both workers' compensation and BOP quotes:

  • Your name and contact information
  • Effective date of the policy
  • Business name
  • Mailing address
  • Office address and telephone and fax numbers

    For workers' compensation quotes:

  • Number of locations
  • Number of employees by location
  • Annual payroll by location
  • Type of business entity (partnership, LLC, corporation, etc.)
  • Social security number or FEIN of business owner
  • Recent claims history

    For BOP insurance quotes:

  • Length of time in current location
  • Length of time in business
  • Description of general business operations
  • Whether or not you own your building
  • Building value (if owned)
  • Square footage (if owned)
  • Year the building was built (if owned or leased)
  • Value of building improvements (if leased)
  • Recent claims history
  • Value of owned and leased building contents
  • In addition, make sure to read these articles:

    • What Is HR Outsourcing?
    • Consider outsourcing your human resource needs. You'll be able to concentrate on your core business skills while an HR professional focuses on your employees.
    • Does Ergonomic Furniture Prevent Repetitive Strain...
    • Carpal tunnel syndrome and other repetitive strain injuries can be painful and debilitating. Ergonomic furniture and tools can help.
    • Key Compensation Components
    • Compensation has become a far more complicated issue than just deciding how much to pay your employees.
    • 'Text-a-quote' insurance for vans.
    • Following research which showed the 50% of all quotes for van insurance are made from mobile phones, Adrian Flux Insurance has set up what is ......
    • Quote of the Day
    • "Hey Molly and Dave! If you put "Trust" and "George Bush" in a Google search you get 487,000 references in two tenths of a second....
    • PW Funding rolls out Web site that enables...
    • PW Funding (PWF), a member of NAA, launched a new Web site (www.pwfunding.com), marking the continued integration of PW Funding into CharterMac and Related Capital....
    • IQ News: Quote.com Will Syndicate Free,...
    • Quote.com, Mountain View, Calif., is planting an ad-sponsored version of its live stock quote charts on a variety of independent financial sites.
    • Quote Of The Day
    • The surest way to make a monkey of a man is to quote him. --Robert Benchley ......
    • PC Quote Inc. of Chicago.
    • PC Quote Inc. of Chicago says it has signed agreements in Central and South America to give local agents the right to sell and service ......
    • Instant Quote Professional 2.0
    • A database-driven system designed especially for businesses that need to track quotes, proposals, and invoices, Instant Quote Professional is handy for companies such as computer ......
    • Sat-Quote/Lan-Quote: 21st century...
    • Sat-Quote and Lan-Quote are two new real-time processing and analysis systems from the Frankfurt-based Euro American Group (EAG). Although a relative newcomer to North America, ......
    • Quote Of The Day.
    • By Israel Faxx News The IDF Spokesman's Office brings the following quote from senior PA official and Arafat-deputy Abu Mazen, speaking last week with the ......
    • Quote-to-order ERP saves euro390,000 pa
    • analytical instrumentation manufacturer PANalytical, part of the Spectris group, is expecting savings of euro390,0000 -plus per annum from an advanced quote to order' management system ......
    • 'Chicago Trib' Reporter Fabricated Quote
    • Veteran Chicago Tribune foreign correspondent Uli Schmetzer fabricated a quote in a Feb. 24 story about riots in Australia, and has been terminated as a ......