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Pamela Said:

If i open a small business in NY do i need business insurance?

We Answered:

It depends on the type of business as far as the cost would go, but, yes, liability insurance is required for businesses.

Julie Said:

small business insurance?

We Answered:

Business liability is specifically excluded on a homeowners policy. So, if you have a client come to your house & they get hurt & sue you, you will have to pay any court award, your homeowners policy will deny coverage. Also, most homeowners policies give about $2500 on premises business contents (your contents, not others contents). Anything that is used in the course of your business, even once in a while will fall under this category.
Is this business in the house or a detached structure? If it is in a detached structure, your homeowners policy will specifically exclude the structure unless you list it as a business structure and pay an additional premium.
So, get the business policy (most small business policies have a $500 or $750 minimum premium so you are getting a REALLY good price. See what it is to increase your liability to $500,000 or $1,000,000 & to increase your business contents because I'm sure you do not use JUST the quilting machine in the course of your business (add your desk, chair, phone, computer if you use it in business, regular sewing machine, material, thread, bobbins, scissors, etc)

Guy Said:

MA Small business required costs for insurance. To hard to find quotes.?

We Answered:

"blanket" liability, about $1,000 a year.