Can anyone out there give me a good point of contact for liability insurance. We have a concession trailer, but keep getting the run around and/or no call backs. Also, what price are you paying for your liability. Thanks
Alan
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alan,
we got ours thru our allstate agent. going on memory the policy is underwritten by tapco which i have been lead to believe is the danish arm of lloyds of london.
cost was in the 1k range.
allstate also has the policy on our trailer and trucks so i think that helped
jack
we got ours thru our allstate agent. going on memory the policy is underwritten by tapco which i have been lead to believe is the danish arm of lloyds of london.
cost was in the 1k range.
allstate also has the policy on our trailer and trucks so i think that helped
jack
Alan,
I had a similarly frustrating experience. I couldn't believe they were not interested in my business. Anyway, I finally found 2 independent agents willing to work with me and I'm insured with A-Rated Scottsdale Insurance Co. The quote based on $200K sales estimate and $1 million coverage was approx $900 per year. This is adjusted at the end of 12 months based on your actual sales. The same agent gave me a quote with a C-Rated insurer for more that $2000. So get as many quotes as possible since many insurers don't want this business so they price themselves out of the market on purpose.
I had a similarly frustrating experience. I couldn't believe they were not interested in my business. Anyway, I finally found 2 independent agents willing to work with me and I'm insured with A-Rated Scottsdale Insurance Co. The quote based on $200K sales estimate and $1 million coverage was approx $900 per year. This is adjusted at the end of 12 months based on your actual sales. The same agent gave me a quote with a C-Rated insurer for more that $2000. So get as many quotes as possible since many insurers don't want this business so they price themselves out of the market on purpose.
still searching here, for insurance(2.5yrs). thank god its not required before opening.
ALAN, CK WITH JOHN STARKEY AT STARKEY INS. ON MAIN ST. IN NPR HE MIGHT BE ABLE TO HELP YOU.
JOHN IS EX BRO.IN LAW LOCATED N. SIDE OF MAIN ST NEXT TO JILLY'S. IF HE CAN'T HELP HE WILL KNOW SOMEONE WHO CAN.
JACK FOLEY
JOHN IS EX BRO.IN LAW LOCATED N. SIDE OF MAIN ST NEXT TO JILLY'S. IF HE CAN'T HELP HE WILL KNOW SOMEONE WHO CAN.
JACK FOLEY
I found a company that will insure for $971.00 per year which that inludes coverage of 500,000. Does this sound resonable to everyone?
Alan
Alan
That sounds pretty good...$1000 annually for $500,000 coverage... but the main question is this:
Does $500,000 cover the cost of your home, cars
and business?
If so then I think it does, but your insurance agent can really address this question. That is his/her job...
Essentially, you should have enough to cover your property in case you get a judgement against you, cause the lawyers will go after everything you own. You may not lose your house but you may incur a lien against it. If you have adequate insurance, most lawyers will typically either settle out of court and judges will usually award settlements for the insured amounts unless there is severe disability or death (caused by whatever) if found liable.
Best bet is talk to your agent, if they are worth anything they will have the answers for you.
Good luck and let me know when you open as I will drive across the state to be a customer...
Regards,
Preston D
Does $500,000 cover the cost of your home, cars
and business?
If so then I think it does, but your insurance agent can really address this question. That is his/her job...
Essentially, you should have enough to cover your property in case you get a judgement against you, cause the lawyers will go after everything you own. You may not lose your house but you may incur a lien against it. If you have adequate insurance, most lawyers will typically either settle out of court and judges will usually award settlements for the insured amounts unless there is severe disability or death (caused by whatever) if found liable.
Best bet is talk to your agent, if they are worth anything they will have the answers for you.
Good luck and let me know when you open as I will drive across the state to be a customer...
Regards,
Preston D
Alan,
I'm sorry I haven't responded sooner. We got a policy with TAPCO for $1,000 approximately per year through our Allstate agent. I think Allstate won't touch you in Florida with any type of commercial policy. We did get our commercial coverage through them for the truck and trailer. But the liability insurance they farmed us out. We also have TAPCO for our homeowners, as Allstate cancelled us a couple years after Hurricane Andrew hit Miami.
Best of luck.
Peggy
I'm sorry I haven't responded sooner. We got a policy with TAPCO for $1,000 approximately per year through our Allstate agent. I think Allstate won't touch you in Florida with any type of commercial policy. We did get our commercial coverage through them for the truck and trailer. But the liability insurance they farmed us out. We also have TAPCO for our homeowners, as Allstate cancelled us a couple years after Hurricane Andrew hit Miami.
Best of luck.
Peggy
Let us know when you open! 
Once upon a time a HAM SANDWICH was sued for not having enough mustard on it.
I had a wedding reception hall for small events up to 75 people as part of a full service wedding business. My agent suggested 1 million as a minimum. Seven years ago I paid $2250 a year for that coverage.
I had a wedding reception hall for small events up to 75 people as part of a full service wedding business. My agent suggested 1 million as a minimum. Seven years ago I paid $2250 a year for that coverage.
I will add 2 cents more........if your serve liquor, beer or wine of any kind the price almost doubles for liability insurance. I allowed beer to be brought in for receptions which was lower than me having the license and serving.