[frgeek-michiana] Re: General liability insurance problem
- From: Mike Neuliep <mike@xxxxxxxxxxx>
- To: frgeek-michiana@xxxxxxxxxxxxx
- Date: Tue, 20 Oct 2009 13:47:53 -0400 (EDT)
Richard,
Wow, that's cheap! When I ran Illiana Internet my General Liability was around
$3000/year for $1 million in coverage and it was for a much smaller area.
General Liability basically covers the name insured if FGM does something
stupid like drive a forktruck through the wall or burns down the building.
Mike
----- Original Message -----
From: "Richard Zimmerman" <csxt@xxxxxxxxxxx>
To: frgeek-michiana@xxxxxxxxxxxxx
Sent: Tuesday, October 20, 2009 5:38:51 PM
Subject: [frgeek-michiana] Re: General liability insurance problem
I'm not an authority on this but on the surface, it doesn't sound too bad...
Richard
Tom Brown wrote:
> My agency called. $1 million GL for 3,000 sq. ft. is $708/yr. paid in full.
> The price goes up if we pay quarterly or semi-annually.
>
> The coverage is:
>
> - $2 million general aggregate, and
> - $1 million per occurance.
>
> The insurance will transfer to a new location without cancelling the policy
> as long as the square footage is the same, and the location is inside the
> city limits.
>
>
> Tom
>
--
Richard "Goose" Zimmerman, ke4rit
Mishawaka, IN
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