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ballenberg Lucky 700
Joined: 10 Nov 2004 Posts: 793 Location: United States
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Posted: Sun Mar 31, 2019 8:32 am Post subject: Insurance |
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What do you do about this?
Computers, various audio gear, mics...all adds up, but I think I'm paying too much for a small business policy that includes coverage for building, damage liability, personal injuries, etc. It's just me and it's all remote and I can't damage someone elses's facility from here |
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Bruce Boardmeister
Joined: 06 Jun 2005 Posts: 7964 Location: Portland, OR
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Posted: Sun Mar 31, 2019 9:27 am Post subject: |
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The replacement cost of the equipment most of us use gets to be less every year so over-insuring those items would be wasteful I suppose, and since most insurers consider working “tools” can’t be covered by a home policy this is one cost you have some control over. If you rarely have visitors then your homeowners or renters insurance probably would cover you for liability ... ask an insurance specialist to help guide you there.
B _________________ VO-BB Member #31 Enlisted June, 2005
I'm not a Zoo, but over the years I've played one on radio/TV. . |
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graemespicer Been Here Awhile
Joined: 25 Feb 2012 Posts: 243 Location: Toronto
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Posted: Sun Mar 31, 2019 9:38 am Post subject: |
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In my experience coverage through a rider on your home policy is cheaper than a separate small business policy. _________________ Graeme Spicer
Voice Actor
Member of the World-Voices Executive Board
tel • (416) 716-2246
email • graeme@graemespicer.com
graemespicer.com |
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Eddie Eagle M&M
Joined: 23 Apr 2008 Posts: 2393
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Posted: Mon Apr 01, 2019 6:32 am Post subject: |
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I'd second the rider to home policy. You could also consult an accountant as to what works also to help with deductions. If you don't have clients coming in regularly the personal injury liability is a non issue. Just have something to cover your equipment in the home policy. |
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ballenberg Lucky 700
Joined: 10 Nov 2004 Posts: 793 Location: United States
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Posted: Mon Apr 01, 2019 1:57 pm Post subject: |
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Thanks guys...yes, time to re-visit this with agent! |
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ballenberg Lucky 700
Joined: 10 Nov 2004 Posts: 793 Location: United States
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Posted: Thu Apr 04, 2019 12:05 pm Post subject: |
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Does a $ 5,000 limit with 1K deductible sound standard? |
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Bruce Boardmeister
Joined: 06 Jun 2005 Posts: 7964 Location: Portland, OR
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Posted: Thu Apr 04, 2019 2:41 pm Post subject: |
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If everything is stolen or burns up will that, in combination with your reserves, get you back in business?
B _________________ VO-BB Member #31 Enlisted June, 2005
I'm not a Zoo, but over the years I've played one on radio/TV. . |
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Dan-O The Gates of Troy
Joined: 17 Jan 2005 Posts: 1638
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Posted: Thu Apr 04, 2019 8:42 pm Post subject: |
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I have a $30k policy to cover the equipment through State Farm. Cost around $300 a year. |
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ballenberg Lucky 700
Joined: 10 Nov 2004 Posts: 793 Location: United States
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Posted: Fri Apr 05, 2019 3:55 am Post subject: |
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Thanks guys.
Bruce, not really, nope.
Dan, that sounds like a good plan, I'm paying 30 percent over that, and getting coverage for things that I don't need, like building and medical liability for people coming to my location...which happens, never.
I'd better get on the phone! |
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