Help me find insurance for my home-based ebay business
August 1, 2007 9:07 PM Subscribe
Help me find a insurance company that will cover my home-based ebay business.
posted by nmogno to work & money (3 answers total)
I run a small business out of my home, selling used cellphones online, primarily on ebay. The business has really been taking off in the past few months, and I have been trying to get a small business insurance policy.
From what I understand, (please tell me if I'm wrong or missing something) the coverages I'll want are general liability, product liability (occasionally I do some light repair and refurbishing in-house, so as I understand, I am exposed to product liability risk) and business property to cover loss from theft, fire etc.
I've contacted all the big insurance companies I can think of (Farmers, All-State, American Family, State Farm), but they've all told me that they can't write the policy because:
A) They don't do home-based businesses, and/or
B) They don't do online businesses
I also tried to see if I could cover the business through riders on my renters policy (with State Farm), but they wouldn't do it.
The only speck of hope I found was through an insurance broker (Keller-Lowry) who told me they might be able to find coverage through a "surplus line," but they also told me that this would a good deal more expensive.
So, does anyone know of any insurance companies that specialize in home-based or online businesses? I've tried looking online without much hope. Or is the surplus line my only hope?
A few random facts in case they're relevant - I'm based in Colorado, the business is an S-corporation, right now I'm the only employee (I'll probably be hiring somebody before too long.)
Thanks in advance!