Commercial Insurance for my office - is $2M in coverage normal? - GoFuckYourself.com

JasonB · 02-15-2005, 04:54 PM

I'm getting a small office (600 sqft) and the landlord is asking for $2M in coverage. Does that sound normal? Sounds kinda high to me for just 4 walls & myself.

JFPdude · 02-15-2005, 04:55 PM

Thats typical for an office.

Had a pizza shop once needed 25million in liability to open the doors.

Furious_Male · 02-15-2005, 04:56 PM

2M is pretty standard.. yes.

bigdog · 02-15-2005, 04:58 PM

you better start selling more BOB memberships

JasonB · 02-15-2005, 05:01 PM

Quote:

Originally Posted by bigdog

you better start selling more BOB memberships

you're right ...i should.

thanks for the replies

Furious_Male · 02-15-2005, 05:03 PM

I dont know what end of the business you are in but don't tell them you are a web designer or in the software end of the biz. Getting insurance is a pain in the ass. The insurance companies dont like to take the risk of dealing with a software developer. They are worried about gettting sued if you produce a virus or bring down an entire clients business etc.

JasonB · 02-15-2005, 05:06 PM

Quote:

Originally Posted by Furious_Male

I dont know what end of the business you are in but don't tell them you are a web designer or in the software end of the biz. Getting insurance is a pain in the ass. The insurance companies dont like to take the risk of dealing with a software developer. They are worried about gettting sued if you produce a virus or bring down an entire clients business etc.

whaa? that's fucked up.
I doubt I can get around that cuz it says "web programming" right on my lease.

02-15-2005, 04:54 PM	#1
JasonB Confirmed User Industry Role: Join Date: Nov 2001 Posts: 1,183	Commercial Insurance for my office - is $2M in coverage normal? I'm getting a small office (600 sqft) and the landlord is asking for $2M in coverage. Does that sound normal? Sounds kinda high to me for just 4 walls & myself.

02-15-2005, 04:56 PM	#3
Furious_Male Doing the grind since 99 Industry Role: Join Date: Oct 2003 Location: Buffalo NY Posts: 16,881	2M is pretty standard.. yes. __________________ Living in Virtual Reality Contact: Email (preferred): furiousmale .at. gmail - Skype: live:shanedws

02-15-2005, 05:03 PM	#6
Furious_Male Doing the grind since 99 Industry Role: Join Date: Oct 2003 Location: Buffalo NY Posts: 16,881	I dont know what end of the business you are in but don't tell them you are a web designer or in the software end of the biz. Getting insurance is a pain in the ass. The insurance companies dont like to take the risk of dealing with a software developer. They are worried about gettting sued if you produce a virus or bring down an entire clients business etc. __________________ Living in Virtual Reality Contact: Email (preferred): furiousmale .at. gmail - Skype: live:shanedws

02-15-2005, 04:55 PM	#2
JFPdude Confirmed User Join Date: Jan 2002 Location: Mountains of Western North Carolina. Posts: 4,027	Thats typical for an office. Had a pizza shop once needed 25million in liability to open the doors.

02-15-2005, 04:58 PM	#4
bigdog Confirmed User Join Date: Jul 2001 Posts: 6,964	you better start selling more BOB memberships