$400/year liability insurance for $2M coverage with The Hartford via Wells Fargo, and $500/year for worker's comp coverage (to cover an unpaid intern) from the CA state fund.
This is in the SF bay area. We're not a home baker (that's illegal in CA) but we do not have a storefront either.
$425/year in Ohio for a $1 million dollar policy.
Mine is $500 in Virginia...Who are you using, pinkpiggie? Yours is better than what I'm paying!
RLI... I have $1,000,000 worth of liability and medical
Thanks, I'll look into that. I think I have the same amount of coverage, but maybe it's higher. If not, I want a refund!
We use Assurance Associates in Richmond as our broker.... as an FYI.
I use the same insurance company as I do for my homeowner's insurance, so I got a nice price break. I pay about $27 per month for my business liability insurance.
In Canada it is 250 to 350 a year for between 1 and 2 million liability
I checked, I have $2million worth of coverage, so that's why I'm paying more. I'm married to the most paranoid financial auditor in the world, so I'm sure that at some point he wanted he to go with the higher amount 
I checked, I have $2million worth of coverage, so that's why I'm paying more.
It's also possible that $500 is the minimum premium amount for your broker. Before I switched, I used to pay ~$900 for a $1M liability policy...turns out that the broker did not sell GL policies with premiums less than $900. So if the actual premium set by the underwriter was (e.g.) $500, the broker still charged customers $900, and they pocketed the extra $400 as a referral fee.
I checked, I have $2million worth of coverage, so that's why I'm paying more.
It's also possible that $500 is the minimum premium amount for your broker. Before I switched, I used to pay ~$900 for a $1M liability policy...turns out that the broker did not sell GL policies with premiums less than $900. So if the actual premium set by the underwriter was (e.g.) $500, the broker still charged customers $900, and they pocketed the extra $400 as a referral fee.
That's a possibility.
i pay $425/yr for business liability 1M, and for business property attached to the home an additional $230 on our home owners, this covers loss of income if theres a fire, or something that prevents me from doing business and protects all the tools and equipment inthe business.
$225/yr for $1m and 5k of equipment--through my home owners/car, etc. agency--in Ohio.
Good luck! :0)
Quote by @%username% on %date%
%body%