November 7, 2008
starting a gourmet gift basket business from home, need liability issurance?
icu123 asked:
does anyone know of where i can get a good deal on business issurance. i just need liability issurance. i do the business from my spare room in my home. also how much do you think i should be covered for in this type of business. 1 million?
does anyone know of where i can get a good deal on business issurance. i just need liability issurance. i do the business from my spare room in my home. also how much do you think i should be covered for in this type of business. 1 million?
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Comments on starting a gourmet gift basket business from home, need liability issurance? »
The company you have your homeowners with the company you check with the company you check.
Dont be a dic, why would you need insurance
I almost always suggest companies get liability insurance, but I am not sure how a basket can possibly lead to a lawsuit. Wait until you are profitable and then worry about the insurance. I’m sure you may think of some way you could get sued, and if that is the case definetely look into getting liability insurance.
But, I can’t think of a single possible way someone can sue you, though I’m sure where there is a will – there is a way!
If you’re already profitable then the cost of insurance shouldn’t matter. If you’re not profitable I would say wait. It’s hard to get sued when you have barely sold a single basket. If your company is incorporated you need not get liability insurance unless the corporation has assets you value.
An ind associate with wahmcom think there are some women who have insurance with them and its their products and can do gourmet baskets with their products something youd have to be covered for fairs but since im already have insurance with their products something youd have to be covered for having another type of business there are some.