I need to contact my insurance company in the next week for several issues, including a quote for business liability. Can someone advise as to whether a rider on a home policy is adequate, or if a separate business owner's policy is best. Also how do you estimate the amount of coverage to buy?
I just clicked the link entered my info and had a policy ready to purchase for $299 a year. It was simple and fast. I've not purchased it yet bc I have to discuss it with my husband first bc he thinks going through our homeowners will be cheaper but I don't think it will. I'm actually not sure I want to even contact them bc I've heard of people getting dropped by their insurance companies. I read it on here. Thanks for sharing the link :)
Costumeczar, oh, I didn't think about fitting the policy to my needs, rather I was thinking a generic general liability policy. But my housing situation is unusual. I live on a property that is managed by a trust. The trustee does not oppose my endeavor, but I've yet to discuss the particulars with the trust manager. You got me thinking that I have to consider what the trust will require as well. I'm wondering if I'll need a policy to indemnify the trust.
The FLIP insurance linked above will let you add additional insured parties at no cost (which a lot of venues also require).
@Webake2gether I got mine through my homeowners and it was much cheaper, about $45/year. But, be careful, my agent had to go through a few companies to find one that would do it. The insurance company I had, at the time, dropped me when they found out I was starting a cake business. They said it was an extra fire hazard to be baking cakes, haha!
Anyway, make sure you go through an agent in case you have issues like that.
Melmar20, thank you for the info. I've been looking at the issue since I last posted and im certain I will need additional insurance.