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insurance - which one would you use?

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dragonlady0627

Post subject: insurance - which one would you use?

Posted: Mon Apr 27, 2009 12:47 pm

Joined: Tue Feb 19, 2008 6:41 pm
Posts: 497
Location: long island, ny

hi guys,

i'm having a hard time choosing between IBN and the soaper's guild for my insurance.

which one would you choose and why? IBN's insurance is almost $100 less than the soaper's guild. i don't want $$ to be the only deciding factor if possible..

thanks so much.

_________________
~Shell

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Linda Wise

Post subject: Re: insurance - which one would you use?

Posted: Mon Apr 27, 2009 2:42 pm

Joined: Tue Apr 22, 2008 3:16 am
Posts: 798
Location: Pennsylvania

I think if you do less than 5,000. worth of business a year you could go with RLI. They just quoted me 148.00 .

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bigmoose

Post subject: Re: insurance - which one would you use?

Posted: Tue Apr 28, 2009 12:50 am

Joined: Thu Dec 18, 2008 10:07 am
Posts: 181
Location: SW Michigan

Here is a link to RLI

https://www.insuremyhomebiz.com/index.asp

Bruce

_________________
www.homebrewsoaps.etsy.com

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Linda Wise

Post subject: Re: insurance - which one would you use?

Posted: Tue Apr 28, 2009 3:57 am

Joined: Tue Apr 22, 2008 3:16 am
Posts: 798
Location: Pennsylvania

Since I've never bought business insurance before has anyone heard anything bad about RLI ? Im ready to send them a check. My insurance co. ( cars and house) Erie, quoted me over $400.00 . I know alot of soap venders who don't carry insurance but (What if? ) It's not worth loseing my house and a ton of lawyer fees.

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bigmoose

Post subject: Re: insurance - which one would you use?

Posted: Tue Apr 28, 2009 11:52 am

Joined: Thu Dec 18, 2008 10:07 am
Posts: 181
Location: SW Michigan

The only bad thing that I know about them is you are limited to $5,000.00 a year for sales. If you sell more than that then you are no longer covered. For someone starting out I think they are hard to beat. A good starter plan.

Bruce

_________________
www.homebrewsoaps.etsy.com

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Linda Wise

Post subject: Re: insurance - which one would you use?

Posted: Tue Apr 28, 2009 2:00 pm

Joined: Tue Apr 22, 2008 3:16 am
Posts: 798
Location: Pennsylvania

thanks Bruce, Then they will be a good fit for me right now. It amounts to 12.00 and change a month. Thats wonderful.

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dragonlady0627

Post subject: Re: insurance - which one would you use?

Posted: Wed Apr 29, 2009 11:30 am

Joined: Tue Feb 19, 2008 6:41 pm
Posts: 497
Location: long island, ny

mmm, but i dont think they offer product liablitly. as far as i can see. it seems they only offer general business liability. not sure if i like that...

_________________
~Shell

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Linda Wise

Post subject: Re: insurance - which one would you use?

Posted: Wed Apr 29, 2009 3:17 pm

Joined: Tue Apr 22, 2008 3:16 am
Posts: 798
Location: Pennsylvania

whats the diffrence? they know I make soap?Thats all I make.

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Linda Wise

Post subject: Re: insurance - which one would you use?

Posted: Wed Apr 29, 2009 4:40 pm

Joined: Tue Apr 22, 2008 3:16 am
Posts: 798
Location: Pennsylvania

On second thought that is a very good point! I need product insurance more that anything. I'll call RLI tomorrow and talk to them. Im glad I've not mailed my check yet. When I talked to them on the phone they seemed to understand what I wanted. But if we had a miscomunication now is the time to find out............

thank you for pointing that out.

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Linda Wise

Post subject: Re: insurance - which one would you use?

Posted: Thu Apr 30, 2009 8:13 am

Joined: Tue Apr 22, 2008 3:16 am
Posts: 798
Location: Pennsylvania

I just got off the phone with RLI they said my policy will cover both product and business liability. that just what I need.

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zeoplum

Post subject: Re: insurance - which one would you use?

Posted: Thu Apr 30, 2009 10:45 am

Joined: Fri Mar 27, 2009 7:31 pm
Posts: 146

I was waiting to hear what you found out so thank you for coming back and letting us know!

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dragonlady0627

Post subject: Re: insurance - which one would you use?

Posted: Thu Apr 30, 2009 5:10 pm

Joined: Tue Feb 19, 2008 6:41 pm
Posts: 497
Location: long island, ny

yes, thank you!

_________________
~Shell

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