I am trying to do my budget planning and budgeting and I am at a loss when it comes to this. Does anybody have an idea on the type of business insurance that is necessary for a Virtual Assistant Business with 1 employee? If so, any idea on the approx cost? Any leads on companies to go with? I am in NJ.
#1. "RE: Business Insurance???" In response to Reply # 0
The insurance rates would vary greatly from state to state and from insurance company to insurance company. It would also depend on if you are working from a home office or from a commercial space, and whether or not you own or rent; another factor would be any inventory you have. Just call a few of your local insurance agents and get some estimates. They can usually get those pretty quick for you.
I have an online business that I operate from my home. I pay approximately $45 for 3 months of business/liability insurance. When I had a brick and mortar retail store, I paid about double that amount.
#2. "RE: Business Insurance???" In response to Reply # 1
Thank you for your response. I will call around. I just wanted a ballpark to throw into my business plan. I would be working in my home office. Your ballpark of $45/3 months is a start I will call a few agencies this week.
#4. "RE: Business Insurance???" In response to Reply # 3
I am not sure what you want to know but I'll try to be brief so I don't sound like a commercial. What I do is help out small business and start up companies by taking on their administrative tasks virtually - from my home office. It saves them money - a lot. Since I have many years of admin experience (in corporate, small business and start up) I can do the work efficiently and it runs seemlessly with their company. If you are looking into this kind of work you need to have great work ethics, discipline, home office set up and the skills to complete the tasks needed.