Where To Get Insurance?

Business By FH_Cakes Updated 1 Apr 2010 , 6:08pm by seadog3

FH_Cakes Posted 22 Mar 2010 , 9:39pm
post #1 of 10

My regular Insurance Co just quoted me $54 per month for insurance...OUCH!!! I was expecting around $25, who do you use?

I am renting a Grange, using it as a commisary...Not sure if this is what is raising the rates?

9 replies
shelbycompany Posted 22 Mar 2010 , 9:50pm
post #2 of 10

Good question. I want to start a business some day and I am in the "looking into" process.

indydebi Posted 22 Mar 2010 , 9:54pm
post #3 of 10

Did you call an insurance COMPANY direct? Or did you call an AGENT? It's best to call an agent, especially an independent agent who represents multiple companies. An agent knows the laws of your state, the requirements, and has relationships with the insurance companies that you can never hope to achieve on your own.

There's a reason the state requires them to be licensed to handle the intricate details of this contract law product.

Based on the multiple posts on this subject, around $500 a year is the norm for $1M liability policy.

Uniqueask Posted 22 Mar 2010 , 10:02pm
post #4 of 10

Well I guess my agent is real good because I live upstate NY and I got it for $250 a year, and another quoted me $360.

deb12g Posted 23 Mar 2010 , 1:37pm
post #5 of 10

Mine is a $2 million policy for $300/year. I am insured for cakes and catering business. Mine is through Hartford.

susgene Posted 23 Mar 2010 , 2:01pm
post #6 of 10

Got mine from state farm... approximately $250 for 1m.

FH_Cakes Posted 1 Apr 2010 , 2:45pm
post #7 of 10

Thank you so much for the advice, I was able to get 2mil. for $350. Much better than my regular insurance.

leah_s Posted 1 Apr 2010 , 4:11pm
post #8 of 10

Mine is thru State Farm and it's $250 a year. It's a $1 mil policy with 2 claims per year covered. That's sometimes thought of as a $2 mil policy, but you need to read the fine print.

tirechic Posted 1 Apr 2010 , 4:25pm
post #9 of 10

Wow, as someone who will someday open a little cakery, that is a whole lot cheaper than I thought it would be, thats less than my car ins.

seadog3 Posted 1 Apr 2010 , 6:08pm
post #10 of 10

Don't forget those figures most likely are only for the liability coverage - which means no coverage for your "stuff" and I have got "stuff" icon_biggrin.gif

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