We get this question all the time. While certain policies like builders risk insurance can be purchased for just a specific job, General liability insurance and workers compensation insurance can not. The policy term is generally one year for both these policies. While General liability insurance can generally be canceled during the term, do not expect a refund for any amounts paid as Commercial General Liability policies are subject to minimum earned premiums or short rate cancellation penalties for a policy canceled before its expiration date.
Workers compensation premiums are a “one shot deal” and no refunds are issued after the policy is written.