Business Insurance

Brandon · Brandon

Hello everyone, I just got my kit and am eager to get started with my Home Inventory Buisness. However I am very new to being a Buisness Owner. How do I go about getting bonded and insurance? Are there specific questions I should ask Agents? I have submitted a request through the link in the useful l...

rshockley1 · rshockley1

One other point I forgot to mention about insurance. My agent classified my business under Archiving Services. They may also ask you about your gross receipts. The $19/mo. that I pay for insurance is based $80k in gross receipts.

JoeBastion · JoeBastion

I just learned that personal auto insurance policies do not typically cover accidents if you are driving a vehicle with a magnet or sign. A commerical auto policy is required. Check out the business insurance section of Florida West Insurance's website, or their newsletter for more info: http://...

Robert · Robert

Does anyone have "errors & omissions" coverage or do you just have general liability coverage? My agent is recommended the E&O coverage as well as general liability, but her quote from Vanguard was $1300 a year for a million on both!!! Just doesn't seem like that much covera...

flyfishinx2 · flyfishinx2

i'm seriously thinking about getting into the inventory business but still have a lot of questions. one of my main questions is what does it cost to get bonded? and why would i need liability insurance and bonded both? i understand that being bonded gives the client peace of mind but why would i also nee...

Kelly · Kelly

Well, I am back! I have paid for and received my liability insurance from the Hartford ($1 million), and a crime bond from Western Surety ($10,000). I'm now ready to go out and try to find jobs. I'm invited to a networking breakfast next week and plan on a couple of appointments with insurance agents. Ke...

Kelly · Kelly

I've spoken with an insurance agent. He is getting me a quote for liability insurance. There is no problem there. My problem is with Bonding. Everyone thinks it's so important. I mean clients. But bonding does not protect me. It pays the client if I or another employee steels something. But I have to pa...

Kelly · Kelly

My insurance agent mentioned "crime" coverage. This is NOT a bond. It is insurance for ME to be protected in case I am accused of stealing from a client. It is NOT liability insurance. Is anyone paying for this coverage? Comments?

JD · JD

After looking at the various companies listed on the NAHIP web site, Find a Professional section and everyones web sites, I see a lot of us are listing, Licensed, Bonded and Insured. I understand the bonded and insured part and agree with it, but what license is everyone getting, or referring to? In Ne...