State Licenses and Insurance Coverage

Increased Liability Insurance

Your liability insurance is based on many key factors Including:

• Business location: Your insurance premiums will vary depending on what state you’re located in. If you’re in a densely populated area with higher incidences of claims it will also raise your costs. 
• Claims history: The more claims that are on your “record” the more you’ll pay. 
• Risk exposure: Not all contractors are rated equally in relation to the degree of risk in their overall job functions. 
• Employees: Having more employees also increases the chance of an injury or a lawsuit, which can increase your premiums.
• Annual revenue: Your annual revenue may be factored into insurance rates.
• Coverage limits: The policy limit and deductible you choose will influence your rates.

By being a member of the Shamrock family, we can help you substantially reduce these costs.

Multi State Licensing

State laws vary.  However, one thing is clear.  Obtaining them is expensive and time consuming.  Not only will you be required to pay the associated fees for each state you want to do business in, but you may also encounter numerous other issues including but not limited to:

• Trade, business or law exams.
• Bond requirements
• Required business or field experience.

The great thing about Shamrock is that we can help you navigate through these in order to grow and expand your reach and thus your profitability.