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Posted: 5/4/2021 1:21:27 PM EDT
[#1]
interested in the response as I'm thinking about starting a home based business too
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Posted: 5/5/2021 11:33:02 AM EDT
[#2]
Did you try Lockton Affinity
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Posted: 5/5/2021 11:03:26 PM EDT
[#3]
I can tell you it isn't cheap if you get it.
If you plan to be a one or two mom and pop shop, it might not be worth it. |
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Posted: 5/6/2021 1:58:49 PM EDT
[#4]
Quote HistoryQuoted: I can tell you it isn't cheap if you get it. If you plan to be a one or two mom and pop shop, it might not be worth it. How much are you talking? And won't the insurance count as a business expense? Still doing research to start a side business. |
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Posted: 5/7/2021 9:58:04 AM EDT
[#5]
Quote HistoryQuoted: How much are you talking? And won't the insurance count as a business expense? Still doing research to start a side business. |
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Posted: 5/9/2021 8:32:21 AM EDT
[#6]
Home based FFL here. I have Collectables for my insurance needs. Covers fire, burglary, theft and loss of inventory, travel and gun shows. Also covers loss of inventory during shipping.
I use Eastern for personal inventory coverage but will probably switch to Collectables at the end of that current term. |
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Posted: 5/9/2021 11:16:28 AM EDT
[#7]
4-7k is what it costs for any line of business to get basic liability insurance and what not.
Its a SMALL price to pay for peace of mind. |
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Posted: 5/10/2021 9:31:22 AM EDT
[#8]
Quote HistoryQuoted: Depends on your exact situation. Probably between $4k to $7k annually. Everything you spend is an expense, discuss with your accountant. gotcha, I appreciate the ballpark. Accountant is the next person I need to call and talk with. |
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Posted: 5/11/2021 10:30:01 AM EDT
[#9]
Thank you will look into them. Exactly what I am looking for.
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Posted: 6/4/2021 4:09:09 PM EDT
[#10]
Thanks for the heads up, fellas.
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