Internet Small Business Insurance?

Question

I own a small business that runs an internet website. We are looking to buy business insurance and have no idea what it costs.

All we have is a small office with 1 employee (internet programmer).

How much should I expect to pay?

Does it depend on how many employees I have?

Thanks!

Answer 1

Call an independent insurance agent. They represent more than one company so they may have access to companies that offer what is called a Business Owners Policy (BOP) for Internet based companies. The BOP policy offers comprehensive coverages in a single package policy. The premium will be determined by what coverage you need. For example do you have inventory that should be insured? Does the product you sell have a potential to injure someone? Are you offering professional advice? Do you have a place of business or office premises? You may need workers compensation if your employee is full time.

These are the kinds of questions an agent will ask in order to prepare a premium proposal.

You can find an agent in your area at:

http://www.iiaba.net/agentlocator/findag...

Answer 2

The business insurance will be based on the potential liability of the company. If you deal with customers over the net you may need protection from ID theft and pirated information. If you simply supply products on line there may need to be shipping insurance. If it is an employee other than yourself, you may a sureity bond or fraud insurance. You will need to see an agent that specializes in small businesses and tailor a policy to your specific needs!