[frgeek-michiana] Re: General liability insurance problem

  • From: Tom Brown <tbrown@xxxxxxxxxxxx>
  • To: frgeek-michiana@xxxxxxxxxxxxx
  • Date: Thu, 22 Oct 2009 08:57:14 -0400

Abe asked me whether I had found GL insurance and what the quote was, and I told him. Abe thought the quote was too high so he is calling insurance agents he deals with. Abe thinks he can find GL for us at about $500.


Tom

Richard Zimmerman wrote:
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


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