Most insurance companies will start minimum commercial coverage offerings at $50,000 CGL
It usually not much more cost though, so most small businesses will purchase coverage of $1,000,000 CGL
Guess products liability.
are you making the product or just reselling?
Product liability insurance premiums are based on the type of product you sell as well as the size of your business/the number of products you sell. Consider that the higher the risk of the product you sell, the higher the insurance cost. Selling key-chains as an example, would generate a lower product liability rate, than say selling guns.
Home Business Liability InsuranceIf you are selling the candles from home and not making them yourself, like drop shipping, you can obtain a simple home business insurance policy, also referred to as small business insurance or General Liability insurance. If you are manufacturing the candles as well, you may also have production liability with inventory and supply considerations.It really depends on the scope of your operations but liability exposures are always top of the list. In an age where a spilled cup of coffee can result in a million dollar damage award, it's wise to protect ourselves from unexpected legal expenses.There are lots of companies that will offer insurance to home based businesses and entrepreneurs. Many have small business packages specifically designed for the home based business and even for those home hosted e-commerce entrepreneurs.
Contact your state. Usually it requires garage liability insurance, a bond and, if you want to be a retail dealer, an actual car lot with a sign & landline phone.
A person that will be there to make sure you are at ease with any legal subjects to do with your property and home. Whether it's insurance, liability, are selling, buying and/or altering your property
Counter Strick is the best selling game online.
Yes, it is a good idea to keep liability insurance on a car even if you are planning to sell it, and it will be driven only during test drives by potential buyers. If you are planning to sell the car, it is important to protect yourself from any potential liability in case of an accident during a test drive. A liability insurance policy will protect you from financial responsibility for any damages or injuries caused by the car during a test drive. Also, having liability insurance on the car while it is being test driven can also help to protect the potential buyer, as they may not have liability insurance themselves. Additionally, most states require that all vehicles on the road are insured, even if they are being used for the purpose of selling. Not having insurance on the car might be a violation of state laws. It's important to check the laws and regulations of your state and also to contact your insurance company and ask about their policies on vehicles being sold.
It depends what you mean, buying or selling. Selling the minimum without going into the red is the break even price.
He is selling insurance
If he is a captive agent selling Term Insurance, it could be anywhere from 40 -50 %. If he is a broker selling the same insurance it could be anywhere from 60% and up.
Business Liability insurance is not very costly, but new clothing companies should be aware of a few factors that impact cost. In general, liability insurance with limits of $1,000,000 per occurrence, sufficient to meet the requirements of many buyers (stores, mega stores, wholesalers, boutiques, etc.) should cost $750 to $1,000 per million of gross sales. If you are a start up, with zero gross sales, expect to pay at least $600 to $850 for a start up policy no matter how much you gross. If you are a start up, interested in making and selling infantwear, childrenswear, or sleepwear of any kind, you need to be aware of the U.S. Consumer Products Safety Commissions requirements for apparel, and flammability testing requirements. And be aware that insurance carriers are very wary of this class of apparel in general and expect to pay $5000 minimum annual premium. I am an insurance agent in the Los Angeles area specializing in apparelinsurance and you can find me through google.