Hunter Nelson explains why Progressive might cancel your policy if your business grows too fast, and warns that states like Nebraska strictly enforce workers' compensation requirements for growing companies.
About 10% down.
Possibly around 20% (speaker says 'maybe 20%').
Typically first-and-last payment down for your insurance.
Nebraska.
So the big thing you guys are also gonna run to is my insurance company doesn't like me growing this fast. So if you're with Progressive, yeah, they'll let you go pretty dang quick. Progressive definitely can cancel people for growing too fast. You know, it's. They're gonna be a lot more lenient on it than most companies. You know, Progressive is going to just be a lot more expensive, but they're going to be anywhere from 10. I mean, if you have an 800 credit score, you might be 10% down, but some are typically first and last payment down for your insurance and then maybe 20% if your credit's not so hot. Progressive will definitely not do paper mile. They definitely will not bill you weekly. You know, so there is that. And typically their down payment is going to be more than 10% down. And you know, states like Nebraska, if you get caught without work comp, they're going to find you like there is absolutely no tomorrow. So a lot of you guys are going to need work comp, especially if you're growing.
