Business Insurance:

Loss of property: You will need an all risk insurance policy to cover your inventory, and your building if you own it. I recommend a deductible of $2,000 on inventory insurance. Cover any leased equipment with a replacement rider.

Damage to other peoples property: Liability insurance is needed. Consult with your insurance agent about general public liability. In the past 25 years, the only liability damage claims we had were when delivering a product. Those claims were covered by our transport cargo, and auto liability policies.Â

Auto insurance: Auto insurance is needed. Non-owned auto liability insurance policy covers damage by any person working for you when they use their personal vehicle. You need this one. Your auto liability insurance needs to be of the commercial type if you do any deliveries. Transport cargo insurance covers the products in transit.