Companies That Work From Home – Does anyone know what insurance companies are covering home-based businesses?
Companies That Work From Home
Question by Chris: Does anyone know what insurance companies are covering home-based businesses?
Specifically, I am starting a home-based e-commerce store, and my insurance broker has told me that he is unable to find any carriers that will cover product liability for a home-based company. I know there must be some carriers out there that will, because there are thousands of similar companies to mine out there. Any suggestions?
Best answer:
Answer by Casey Y
It depends on your type of business. Your broker may only have access to limited markets (ie State Farm Agents can only write State Farm policies). You should try another broker/agent.
Give your answer to this question below!
Industrial Darwinism
Image by kevin dooley
About half of all businesses fail in five years, and 70% after ten years. Their facilities however stand for long after, reminding us of our industrial history. From here:
A business that has called Benton Harbor home for more than 70 years has announced it’s closing down. From automotive ashtrays to car spoilers, and even hospital equipment, Modern Plastics molded it and made it all.
But with increasing economic pressures, the plastics manufacturer has melted down. About 100 employees received news Monday that, come Tuesday, they’re not needed.
Oil prices are a major factor, since all plastics are petroleum based. Vice President Robert Orlaske says their buyers weren’t willing or able to match the bottom line.
“We had to pass on price increases to our customers, and a lot of them wouldn’t take it, so they shopped other places for moving their work. And a lot of them have chosen to go to China or Mexico where the labor is a lot cheaper,” Orlaske tells NewsCenter 16.
The company says they’ll do all they can for the people who’ve labored for them. They’ll hold meetings with their employees this week to help them find new jobs and get them job training.
Company leaders are in negotiations to sell the Coloma plant. If the sale goes through, it’s likely that most if not all of the current employees at that plant will keep their jobs.
Vivitar Ultra Wide and Slim with Kodak EBX 100 Elitechrome XPRO.
NOTE*** I am not a representative for ANY of these companies nor am I getting paid. I am just sharing information with you that I have obtained from eithe…
All the companies I represent for commercial insurance do not have a problem with home based businesses per se. It all depends on exactly what service or product you are offering.
This type of insurance needs to be done by an independent local agent that specializes in commercial insurance — none of the big name companies that specialize in auto and home insurance will likely help you with this, i.e. Allstate, State Farm, etc.
You can find a local agent through the website for the Independent Insurance Agents & Brokers of America at http://www.iiaba.net/agentlocator/findagent.aspx. All you need to do is type in your state and zip code, i.e. they do not keep any of your information or farm your information to anyone. Once you type in your state and zip code, you will be able to pull up a list of agents that are local to you and review their websites, the companies they represent and their specialties so that you can choose the agent that will best serve you.
I hope this information helps and wish you the best of luck with your business.
It’s going to vary by state, and type of home business, but I can tell you, the product liability part is NOT insurable on a homeowners policy via endorsement. It just isn’t.
There ARE thousands of companies out there similar to yours. MOST of them, are uninsured. The ones that are, have BUSINESS insurance to cover the product liability.
Excellent Viv xpro – love the grains and the colour tones!
beautiful capture, amazing light 🙂
Good photograph, Kevin; tough story.
Times are hard all over.
it’s tough times! businesses are closing left right and centre here:-( sad, but your title sums it up well, kev!
Such a familiar scene here in Michigan.
excellent, Buddy!
well said, gives us all things to consider
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Seen in my contacts’ photos. (?)
wonderful perspective and treament my friend…colors are really gorgeous! 🙂
The only picture of this title I have ever encountered.
Well seen, Kevin!
a bygone era, frozen in xpro
the description in words is captured so well in the image, Kevin… excellent work! (This looks a lot like the high school I went to in Regina!)
Hi, I’m an admin for a group called TRAVEL PILGRIMS ~ Admin INVITATION ONLY Award 2, and we’d love to have this added to the group!
Very cool look to this image!
As a former business reporter, I think about this kind of thing a lot. In my experience, though, the trend in the last 30 years (especially in retail and strip malls) is to build so that it lasts only a few decades. A place starts out with a nice grocery store but then a discounter comes in and then it’s a giant dollar store. And then it looks like what you’ve got above. Nice shot, and thanks for the thoughts.
not so modern plastics huh?
for me, the waste comes in land use. I wish there was a way to place "leases" on some of these places and if productivity fails, then it is up for bid for the next user/manufacturer. The clean up responsibility is with the prior owner. We too in the Bay Area have tons of potential areas that lay derelict that could be positive workspaces for start-ups
the colors are great Mr. Dooley…
at least they will keep their jobs, I agree with Bad, Bad Lechroy Brown
Fantastic captured my friend!!! magnificent shot!!!
~AwesOme~
an excellent capture!
This is a Great Shot!
This photo has been selected for The Great Shooter Award BRONZE MEDAL!!!
Please join our group and add this image to The Great Shooters Award 2 Fave 2 And tag the photo with "TheGreatShooter"
excellent.
You are my winner!
Please add this photo to
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I have the feeling they last a lifetime.
Excellent composition!!
Very cool look!
Love the tone & texture!! Your observations are spot on my friend!!
Awesome retro feel Kevin !!
Sadly it’s happening a lot here too…once we had comparitively cheap labour…then pay went up and up…..and you know the rest…
Nice shot!
I love the colors – they give the picture such a great retro look. and that look fits perfectly to this building and the story of it.
A picture with a story! Nice shot!
A fantastic image
Nicely seen and captured
Have a fantastic day
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Seen in my contacts’ photos. (?)
great capture! like the look and the colors!
looks like the high school I went to
nice shot and comment.
Great work!! good captured.
Love it !! Keep it up !!
🙂
Well, shit happens. Sucks for the workers tough.
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Vista en las fotos de mis contactos. (Yo también quiero esto)
Excellent stuff here. The EBX is definitely working it. I love these old industrial remnants– it’s sad stuff, in some ways, but important to remember.
The processing is spot on!
great processing….
Good photo, I like the title that goes with this.
Impressive color tone!
nice tones..
great colour!
cool scene !
Great use of vignetting.
… i think it’s an ironic tribute that this fab shot was taken with a camera that couldn’t more exemplify the wonderful qualities of plasticness…
the cross processing really gives it a look that is appropriate to the vintage of the building.
Untrustworthy boob job facility 🙂
Financial crises everywhere!
Nicely done , Kevin!
Love your edit.
The story is a very common one and is hitting hard the American way of life.
I will share a brief story. My Mom came in 1977 to LA and her first job was in a JC Penny factory, doing final touches to buttons, garments pieces, etc., She was getting paid few pennies per piece finished plus an hourly rate. Few years later, they closed down the facility in LA and moved the operation oversea. Sounds familiar!? :-))
Currently, I have an architect friend who was making like 90K a year and his job was outsourced, with high speed internet connection, the plans to be drawn by computer are sent oversea now which are costing a fraction to the company. 🙁
Have a great weekend.
~cOngrats~
~seen in XplOr …#…
Hopefully it will have a happy end…
You are a cult, polite and nice Master. Thank you for your photos and gentle comments. Merry Christmas!
So sad, but true. Your image is stellar… love the rich tones and processing.
fantastic colors!