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Cottage Business Liability Insurance vs Umbrella Policy - Page 2

post #16 of 25
Quote:
Originally Posted by leah_s

State Farm does indeed sell a policy targeted at very small bakeries and home bakeries. Mine just increased to $275 per year.



I worked at a brokerage, myself, and State Farm does have a fairly competitive business program. They definitely made my company have to think outside the box for what we could offer that wasn't apples for apples.

It's nice to see some specialty programs popping up for home businesses. It's risky from an insurance stand point because although the risks themselves are low, so are the premiums. One major loss can ruin your ratio of loss to profit when premiums get so low. It'll be interesting (to a nerd like me) to see how that continues to pan out. icon_lol.gif
post #17 of 25
This has been some helpful information. Thanks for the info Cakeuhlicious!

Veronica

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Veronica

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post #18 of 25
Quote:
Originally Posted by leah_s

State Farm does indeed sell a policy targeted at very small bakeries and home bakeries. Mine just increased to $275 per year.



I called a local State Farm agent, and they said that they do not offer any liability policies for home based baking... do you happen to know what the policy type is called?

I will apparently have to be very specific when calling for quotes. I've been asking for liability policy quotes and explain the new law to them, but everyone seems so clueless. I've called multiple agencies, but I was really hoping that State Farm could help me.

Thanks for any info you have!
post #19 of 25
I, too, have contacted my agent at State Farm and they don't have anything available. Farmer's Insurance has been the only thing I've found and they quoted $600/year. Ouch! I'd love to know what policy you have leah_s. Any information you can pass along would be very helpful!
Mom to hotorange409 and FondantFairy, plus 4 others that are too young to play with sugar!
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Mom to hotorange409 and FondantFairy, plus 4 others that are too young to play with sugar!
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post #20 of 25
I can recommend Raptor Insurance in Hurst, TX (817-282-4060). Pat Sprague is the owner and she helped my business get a specialty policy when we were in the start-up phase and sub-leasing a restaurant space. She is great at thinking outside the box.
post #21 of 25
Thanks HotChocolates! I'll give her a call tomorrow!
Mom to hotorange409 and FondantFairy, plus 4 others that are too young to play with sugar!
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Mom to hotorange409 and FondantFairy, plus 4 others that are too young to play with sugar!
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post #22 of 25
Quote:
Originally Posted by leah_s View Post

State Farm does indeed sell a policy targeted at very small bakeries and home bakeries. Mine just increased to $275 per year.


Leah, I know its an old post but could you enlighten me? I am looking into it and dont see anything at State Farm.. Thanks in advance.

post #23 of 25
Quote:
Originally Posted by jiya11 View Post


Leah, I know its an old post but could you enlighten me? I am looking into it and dont see anything at State Farm.. Thanks in advance.
Did you contact your local State Farm agent? If they don't provide commercial insurance they should be able to refer you.

Another alternative is: http://www.fliprogram.com/
post #24 of 25
Quote:
Originally Posted by jason_kraft View Post


Did you contact your local State Farm agent? If they don't provide commercial insurance they should be able to refer you.

Another alternative is: http://www.fliprogram.com/

 

Thanks!!

I looked into fliprogram and I am very tempted. Has anybody had experience with it? 

post #25 of 25

I'm so glad I found this!!! My brain  has been afire trying to get evrything in place by years end! Today I'm making labels. I'm basically down to insurance. I've read so much my eyeballs are sweating and I think my brain may have oooozed from my ear. So, from what I've read here, I'll start with my current auto insurance company since they also offer business insurance and work my way from there.

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