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Liabiity Insurance

post #1 of 11
3/28/12 at 11:33am
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Hello Fellow CCers!

I an in need of some good AFFORDABLE liability insurance. Does anyone have a good company they can recommend? TIA!! icon_biggrin.gif
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post #2 of 11
3/28/12 at 12:03pm
I go through Allstate (they do all my insurance) and I pay about $1000 a year (that is for a store front)
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post #3 of 11
3/28/12 at 12:04pm
We used The Hartford, premiums are $400-500 for a commercial kitchen rental (no storefront). State Farm should have similar premiums.
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post #4 of 11
3/28/12 at 6:12pm
Thread Starter 
Thank you Jason_Kraft and KroyAK, both those rates sound really reasonable.
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post #5 of 11
3/28/12 at 6:41pm
I have had Travelers for about 6 years now and I found, after checking around, them to be the most reasonable. I would call around to different companies or speak to an agent that represents different companies and do a comparison. Make sure the limits and coverage are all the same to truly compare. Or as they say, "Apples to Apples."
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post #6 of 11
3/28/12 at 6:49pm
I use State Farm for my home based bakery and it is $250.00 a year.
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Creating works of art every chance I get! And yes, I am licensed, permitted, inspected and insured! Check out my website!
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post #7 of 11
3/29/12 at 5:22am
I use The Hartford as well - I have a home-based business. It's about $450 annually. There was a company (I can't remember which) that proposed a $250/year plan but the coverage was not the same. The $250 plan was business liability but did not cover anything if somone claimed to get ill from eating my product. That was important enough to me to pay the extra.
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post #8 of 11
3/29/12 at 7:29am
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Can anyone tell me how do I find out what level of insurance coverage that I will need? I'm not sure where to begin. icon_redface.gif
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post #9 of 11
3/29/12 at 7:39am
Quote:
Originally Posted by pastryqueen9

Can anyone tell me how do I find out what level of insurance coverage that I will need? I'm not sure where to begin. icon_redface.gif


The best thing to do is talk to your insurance broker about what you plan on doing with your business, your current assets, and what other coverage you already have. $1M in general and product liability seems to be pretty standard, but if you have more than $1M in assets or plan to sell wholesale nationwide you may need more.
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post #10 of 11
3/29/12 at 9:59am
ditto
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post #11 of 11
3/31/12 at 7:54am
I also have State Farm It's $250-$300 a year. They offer a policy specifically for small/home bakeries.
Answers to the most often asked questions re: SPS. SPS instructions are on Page 15 of the Sticky at the top of the Cake Decorating Forum. Supplies can be ordered from Oasis Supply, Global or BakeryCrafts.
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Answers to the most often asked questions re: SPS. SPS instructions are on Page 15 of the Sticky at the top of the Cake Decorating Forum. Supplies can be ordered from Oasis Supply, Global or BakeryCrafts.
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