I know that this is going to vary widely depending on countless factors (location, size of business, annual income, etc.) but I was hoping for some insight anyway.
I am just in the planning phase of writing my business plan and I am trying to get an idea of how much liability insurance will cost me. I will obviously call an insurance agent for more exact figures later, but as of now the business is not even registered yet and I am just doing the rough work the try and understand some of the costs.
This is what I am doing:
I have a separate kitchen in my home (or will when I buy it) that I plan to cut it off from my kids and pets and use just for my business. The kitchen will not be licensed and is not required to be where I live (I am working to verify this with the health department). I will be making cakes and cupcakes hopefully about once a week, mostly for weddings and events but I may sell some at farmer's markets.
Pretty low-key but I just want to be covered. I live in Canada and have never ever heard of somebody suing their cake decorator and to be honest, most people here do not sue for even the craziest of things, but I do want to be covered for the peace of mind that it is.
If you have any insight on a range of how much this will cost me, I would greatly appreciate it. Again, I know that it will range widely but any insight is a starting point because as of now I have no clue.
I am just in the planning phase of writing my business plan and I am trying to get an idea of how much liability insurance will cost me. I will obviously call an insurance agent for more exact figures later, but as of now the business is not even registered yet and I am just doing the rough work the try and understand some of the costs.
This is what I am doing:
I have a separate kitchen in my home (or will when I buy it) that I plan to cut it off from my kids and pets and use just for my business. The kitchen will not be licensed and is not required to be where I live (I am working to verify this with the health department). I will be making cakes and cupcakes hopefully about once a week, mostly for weddings and events but I may sell some at farmer's markets.
Pretty low-key but I just want to be covered. I live in Canada and have never ever heard of somebody suing their cake decorator and to be honest, most people here do not sue for even the craziest of things, but I do want to be covered for the peace of mind that it is.
If you have any insight on a range of how much this will cost me, I would greatly appreciate it. Again, I know that it will range widely but any insight is a starting point because as of now I have no clue.
