Comments on: what kind of insurance do you need for a business?

By: victor98_2001

victor98_2001 — Sun, 14 Mar 2010 15:41:59 +0000

Fire Insurannce
Float Insurance
Workers Insurances (Job/Employees)
Business Insurance
Employeer(Boss) Insurance, etc…you could go to any of the Insurances company to apply for those policies.
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By: mbrcatz17

mbrcatz17 — Sun, 14 Mar 2010 15:21:59 +0000

He’s going to need at least three types of coverage. 1. General liability, for the operations and office premises 2. Commercial auto, with PUC filings as he’s transporting for others for a fee, and 3. Inland marine or motor truck cargo policy, possibly wiht a PUC filing, as he’s got the property of other’s in his care, custody & control.

Bonds don’t mean what people generally think they mean.

A competant, independent insurance agent should be able to line him up with the correct coverage. But keep in mind, it’s not cheap, especially if he goes over state lines. Expect to pay about $5,000 per year, if there is ONE delivery vehicle.
References :
agent, 21+ years

By: becca

becca — Sun, 14 Mar 2010 15:13:59 +0000

Each state is different but in my state I’d suggest that he get a business liability policy and a general liability bond. Bonds of this type are not required but they make potential clients feel secure. Also, he sould check with his auto insurance agent as many personal auto policies don’t cover vehicles being used for delivery and he may need a commercial auto policy.
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based on SC Nationwide insurance guidelines

By: van_at_lincoln

van_at_lincoln — Sun, 14 Mar 2010 14:45:59 +0000

Call a broker. He'll need General Liability, a bailee form since he'll be in the care custody and control of others property, Commercial Auto and worker's comp and disability if he has one or more employee.
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By: misydoll

misydoll — Sun, 14 Mar 2010 14:19:59 +0000

He needs business insurance, liability insurance and the bonding is part of the business insurance with most companies. Talk to your local agent, someone you can trust. Ususally you would write a policy covering your building and supplies, liability and any vehicles you might be delivering your packages in.
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