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Anita Said:

How much will insurance cost for my business?

We Answered:

GL - probably about $750 / year.
E&O - probably about $1,500 / year

Patricia Said:

Self-employed, business insurance advice??

We Answered:

You'll want to contact a local agent to find out the best plan for you. Depending upon your business you may need an errors & omissions policy and/or just a general liability policy.

Monica Said:

how much will insurance cost for my business?

We Answered:

A Commercial Package Policy that will provide you with coverage for your business personal property and commercial general liability will run you approximately $400 to $1,000 per year depending on how much BPP you have, the square footage you occupy, etc. The Umbrella or Excess Liability should cost between $350 to $500 for a limit of $1,000,000. The Errors & Omissions or Professional Liability will cost between $750 to $1,200 depending on the volume of business that you do and if you do tours your level of involvement in these. You will also need a bond (which I understand is very difficult to obtain for travel agents), workers compensation and employment practices liability insurance if you are planning on hiring employees, etc.

I would suggest that you contact a local independent insurance agent that specializes in commercial lines insurance so that he or she can review your business, obtain quotes from multiple carriers and then explain all your options.

I hope this helps. Good Luck!

Edwin Said:

What kinfd of insurance do I need for this online classes business?

We Answered:

The waiver means NOTHING, fyi.

You probably need general liability coverage, and you need to make sure your subs have THEIR general liability coverage by requiring them to provide you with a certificate of insurance. You also probably want your subs to have Workers Comp coverage on that certificate, otherwise you could be held responsible if they don't meet the IRS subcontractor definition standard.

Professional liability is important, as is trademark infringement. If you get sued, it's most likely going to be for either a copywrite/trademark infringement, or for having a sub teach something incorrect that results in damages.

Re the premium - probably $1,000 for general liability, and maybe $1500 for professional & copywrite.