I'm planning is starting a small business from my house.Mostly It Will Be Doing design work for People over-the internet.I Will not Have Any people coming to my house and I'll be doing very little traveling shots if any, however I Will Have about $ 10k worth of software and equipment at my house That Will not Be Covered by my home insurance policy.About How Much Can I expect to pay monthly? I'm waiting to hear back we save the quotes.Please has $ $-hole comments.
Lacresha Loper says...
Well, you buy business insurance by the year, not by the month.Although many companies would be willing to give you a monthly payment plan once you're established and in business a few years, you probably aren't going to get that, the first year or two you're in busines.
Stand alone property coverage, is going to cost you $1,000.BUT, you *might* be able to get a business owners policy, with property and liability coverage, for half that - depending on exactly what it is you are designing. Neither of those would include professional liability, if you sell someone a flawed design that blows up.
Lastly, if it's really property only coverage you want, you most likely CAN endorse that to your homeowners policy - business property coverage can be added (but not liability), and that's probably the most cost effective way to do it.They might have a hard time with the software, though.
Posted on September 12, 2010
