business insurance
mike e
asked:
"thinking of going into business for myself doing property preservation. wondering if anyone knows what type of insurance id need and how much it would cost me to secure the policy... thanks"
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woowoototo
asked:
"I don't want to spend extra money on business insurance because I have an inactive self-employed business and I don't go to see clients often. What happens if I had a car accident on my way to see a friend? OR to see a cleint? Does it make a difference when I make a claim? What about % of my business use of car and personal use of car? Is it a major factor for the insurance company to define if it is business use or not. What about the nature of business? I am looking for some professional advices. Thank you!"
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satish k replied:
"you can find your answers for your insurance queries personal finance queries at"
Zarnev replied:
"If you didn't have business coverage and the insurance company could prove that you were using the car in any business pursuit they could deny any claim that you might file. That could be hard for them to prove, though. Most companies don't worry about percentage of business or personal use, if you go see one client in a year you need business insurance. If you have business insurance you can still use the car for personal use as much as you want."
Sue replied:
"2 things 1 - it depends how it is registered - if to the business, you must have a business auto policy, no matter how it is used. if registered personally, you can insure it either on a personal or business policy.2 - use - if it is occasionally used to go see clients & you do not carry people for a fee or carry materials with you, you may be able to change the rate class on your personal policy to business use. It would depend on the company & where you are located.The best person to answer this is your agent. He or she will know how to properly insure your vehicle for your situation."
Globalwide Insurance replied:
"most insurance companies can write your personal auto insurance as a business use without you buying the business insurance it just rates the premium a little higher but not as high as a buisness policy, if in fact something does happen when your driving to a client or while your doing buisness the insurance company can reject your claim it can happen check with your agent on what he advises but be carefull he says it not needed hes not telling the truth because the claims department decides what gets paid and what doesnt when a accident happens not a agent, check out globalwideinsurane.com"
mshercliff
asked:
"I was caught with a dead brake light and given a producer. I was also caught in my work uniform and, because of the nature of the business, it was obvious I needed business insurance.I am not insured on my own policy for business use - however, I am insured through my company with compulsary third party insurance.My employer has made excuse after excuse about my insurance certificate and I now have only tomorrow to take it to the police.I have taken all reasonable steps to obtain a certificate - but what can I do if I have to rely on someone else and they are being awkward about it?At the end of the day, I am insured for business use but unless my employer "pulls his finger out", I have no way of proving it and could face court or prosecution.Any tips will be appreciated. :(A few things:I am insured for personal use! I have no qualms with giving them my Tesco insurance certificate but I am sure I am not insured for business use with them."
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kathy s replied:
"What is a producer? It's kinda foggy about what you actually do or who you really work for. I mean what kind of business. I'm sure you and/or your employer will at least be fined. In Delaware you can be put on probation for something like that. You and your employer need to get this insurance stuff straightened out or you should go get another job."
Marc X replied:
"The police only care that a vehicle is insured to be on the street. Any discrepancies between personal and business use is defined in civil court, not criminal.If your company has specifically indemnified you for liability through their separate insurance rider, you need a copy of that rider to protect your butt in the case of a civil lawsuit. But when the company gets sued for an accident, they can easily say that they never agreed to anything and then you're responsible for paying a civil judgement.Now, for the extraneous and frivolous portions of your statement, that you're simply in a work uniform is not indication that you're on company business. You could be going home from work on your personal time and it's not up to you to prove it.It doesn't matter what the business nature is, a vehicle would still need liability coverage, so that's a worthless observation.You could have a business liability rider on your own insurance that would not be displayed on your insurance card.So, what this is telling me is that you had NO proof of insurance in your vehicle at all, which was stupid. If the company is paying your entire liability, personal & business, your best bet is to ask the court for a postponement to get proof from the company that you were, in fact, covered effective at the time of the ticket.And if your company doesn't expedite it, you're left hanging to take the whole rap."
-R-
asked:
"Me and a few of my friends want to try to start a small geospatial business in Pennsylvania, and I was wondering how much business insurance for that would cost? Like roughly how much per month? And where could I find more information about business insurance for a geospatial company?"
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mbrcatz17 replied:
"There's no "geospacial business" package, so each line will have to be underwritten seperately. Frankly, it sounds to me like you want to build a space station or something, so what you NEED is going to depend on 1. contracts and 2. exactly what you're doing. And you can't get monthly payments on insurance, for a new venture - you'll have to either pay in full for the year, or finance the premium through a premium finance company.In other words, your question is too vague to answer."
Darksuns
asked:
"My husband and I recently started a mobile buisiness. We have no "location." The business is run and the service is provided on location at the customer's request. We have set our business up as a sole proprietorship. Do you suggest insurance? If so, what kind?"
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cridler replied:
"Yes, definitely. First, if you are using you personal vehicles to get to the customers location your auto insurance company can avoid paying a claim if on a business trip. Second, liability for any error or damage you cause while doing your work. As a sole proprietor you are liable for any damage or claim and your homeowners or auto will not pay. See your insurance agent and discuss coverage needed, it probably will not be that expensive. I have a small farm business and pay very little extra for business coverage."
mbrcatz17 replied:
"Of course you have a location. You have the office location, where you pay your bills and do your taxes - most likely in your home. Then you have the service location - where you STILL have liability exposure. You can be sued for stuff that happens there! You can be sued regarding the service you are providing! If you are, if you don't have the $50,000 or so for defense costs sitting in the bank, you'll lose all your assets, since you're a sole prop. Also, any business tools & equipment are NOT covered under your homeowners, except the first $250. Go sit down with a local agent, who can tailor coverage to your needs."
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