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Can anyone tell me about the liability insurance

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Can anyone tell me about the liability insurance? One guy told me its $1,000 a year?! I was like wtf!
Anyone paying less than that? Can I get this insurance from my ins co?
It can’t be that much but no one seems to be talking about it.
Thanks all!

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That is because many do not get it and hope for the best.

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Insurance depends on lots of factors. One being what industry/selling/etc. And amount of coverage, type of coverage, etc. For a different business of mine (software) it was like 1200/year. Which was relatively cheap. I don’t think yours is absurd. That’s like $100/month. But honestly, I wouldn’t be worrying about that at this moment. (Depending on what stage you’re at, but I assume just beginning? ) Focus on getting your first product launched.

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In one group we were told to check with our manufactory (that we were buying) from to see if they would carry us on their liability insurance. Blake soooo much to learn, at times it is overwhelming!!! Sorry!!!!

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