• Last Updated:
  • Nov 1st, 2018 8:25 pm
[OP]
Jr. Member
Oct 2, 2006
150 posts
20 upvotes

Business Liability Insurance

Im a home based business looking to get some liability insurance. Im working with some larger companies in the United States that require larger insurance.

The requirements are as follows
$5 million in General Aggregate and $1 million in individual occurrences. The $5 million general aggregate can be met by including a general aggregate umbrella policy

Does anyone have any recommendations on companies or any idea how much this will cost, as the amount of insurance required is quite high.

THanks
6 replies
[OP]
Jr. Member
Oct 2, 2006
150 posts
20 upvotes
Daskva wrote:
Oct 26th, 2018 11:15 pm
Economical - 5mil + 1 mil = 100$ a month
any recommendation on a cpmpany?
Deal Addict
Oct 7, 2007
4027 posts
1211 upvotes
Just check the background of whomever you choose to make sure they will be there for you if and when you need them. I have personally seen some really bad horror stories where the insurance company did not honour their obligation and what should have been a small thing turned into a way bigger and more stressful thing.
Deal Guru
Aug 2, 2010
12693 posts
3114 upvotes
Here 'n There
Why do they require you to have insurance? What is it that they are doing for you that necessitates that? Do you have a product that can blow up? Are you entering their premises? Doing work there? It does not seem reasonable. Sounds like a really stupid policy.

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