What kind of insurance would I need to start up an auctioneer business?

Question

I will be starting an auctioneer business soon in NY and wondered what I would need for insurance. Any help or advice would be appreciated.

Answer 1

You would need E&O, GL and maybe property and/or BPP. You may also be able to get them in a "package". You should contact at least 3 independent agents, and ask them for quotes. You will need some additional info like, estimated gross sales, estimated, payroll, employee count, and probably an exact location. Good luck in your new venture!