Comments on: What is the average home business liabilitly insurance monthly premium?

By: General Custer

General Custer — Tue, 09 Feb 2010 02:04:59 +0000

That depends on what you're reselling, pesticides or childrens books.
References :

By: markmywordz

markmywordz — Tue, 09 Feb 2010 01:38:59 +0000

It is absolutely not true that the manufacturer holds all the liability. If you sell the product that caused an injury, you are going to be just as liable as the manufacturer for the injury.

Lawyers are going to try to find as many deep pockets as possible, so they will do after you and whatever you have and your insurers.

So be sure to buy plenty of liability coverage.
References :

By: bearmeister34

bearmeister34 — Tue, 09 Feb 2010 01:30:59 +0000

I would suggest you contact your homeowners insurance company and inquire about incidental business occupancy coverage. Many HO insurance carriers are allowing home businesses to be covered that are run out of the home.

Every company has a little different spin on it so make sure you know exactly what they are offering.

As long as you don’t have a business sign at the home and no customer traffic you should be able to get it covered this way at a negligible amount of premium
References :
Barry – 20 year insurance professional.

By: mary h

mary h — Tue, 09 Feb 2010 01:22:59 +0000

if you want life security you have to check more info
http://www.freewebs.com/getinsurance
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By: mbrcatz17

mbrcatz17 — Tue, 09 Feb 2010 01:12:59 +0000

Depends on what you’re selling, where you’re located, and if you want product liability coverage, or property coverage, or straight liability coverage.

You’re probably not going to be able to buy this on a "monthly" basis, I’d guess an annual premium for a low-hazard product, US liability only, $1,000,000 limit would run around $1000 – $1800 a year.
References :
agent, 20+ years