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 Posted: Wed Nov 04, 2009 7:28 am Post subject: Online business insurance |
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Would business insurance be of any help for an online business?
I was just wondering since the clients won't need to visit the house.
Thanks for your comments.. Crossbreed
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Crossbreed
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| Posted: Thu Nov 05, 2009 9:48 am Post subject: |
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It's a good question. I do understand that while doing a home-based business online, one may use his personal computer which would very well be covered under his home insurance. It's true that the loss of materials or equipments won't affect such a business as it does to other traditional businesses. I'd rather wait and see what the others have to say regarding this.
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Pinkfloydfan
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| Posted: Fri Nov 06, 2009 9:52 am Post subject: |
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MY friend, there are some specific risks associated with all businesses. I don't think a business can do without property insurance, workers' compensation insurance, liability coverage etc.
Today, all types of businesses would opt for some form of legal coverage as well as malpractice insurance. |
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steven
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| Posted: Sat Nov 07, 2009 6:54 am Post subject: |
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| Hi Steven, I guess by legal insurance you're referring to the 'prepaid' one. It really helps to cover legal costs e.g. fees for your attorney. The bills forwarded by the attorneys and the retainer charges would often pose a big problem for many business owners. |
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JeremyHolter
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| Posted: Sat Nov 07, 2009 10:03 am Post subject: |
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Did anyone talk about liability insurance?
I guess liability has got nothing to do with the type of business you're in. You could be liable to pay back even when you're operating from home.
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Juanita
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| Posted: Mon Nov 09, 2009 10:28 am Post subject: |
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Yes, both legal insurance and liability insurance are important for your online business. If you'd need to pay for attorney fees frequently, then it's better to have your
legal expenses covered beforehand. On the other hand, if you'd offer your products to a person, then you surely bear some liability.
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anonymous00
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