 Do these business insurance rates sound right? E-commerce General & Product Liability Cost
Hello. I plan on doing a store online to sell baby clothing w/ desings. After reading a few tread regarding business insurance (general & product liability), I called an insurance co. who gave me without any property (for inventory stock, your machines, ink, and any other business property) comes to $848.40 per year. It affords the following coverages:
$2,000,000 per year liability limit
$1,000,000 products/completed operationsliability per year limit
$1,000,000 Personal Injurty/Advertising liability
$1,000,000 per incident liability limit
$50,000 damage to premises rented to you (i.e. if your business caused damage to your home)
$5,000 medical payments to others
$500 liability/property damage deductible per claimant
Is this price about the going price? |