Income
2 posts since
Apr 29, 2009
16.
Re: Starting a bakery business from home Apr 29, 2009 1:54 PM
momma:
You will also absolutely need General Liability Insurance for your business. If not, everything you own is at risk to a law suit and a food product has big lawsuit potential. So, contact an Independent Agency, or several, and get some quotes. You are too small to get much attention, so don't expect the agents to give you tons of service. Find one that will take a bit of time for you. As a start up you may not get a standard carrier, but you should be able to get a policy. You need premises/operations and products liability coverage at a minimum.
Your homeowner policy may offer an endorsement, or they may want to cancel you for running a home based office. That is the place to start and just be general when you call the agent...don't say "I am starting a business" say "A friend of mine.....:)".
Read the policy and be sure you have $300,000 minimum limits. Consider $1M if you can and look into a personal umbrella policy.