Jump to content

Insurance for your biz?


 Share

Recommended Posts

Some locations do not allow you to place your machine in their location without having insurance. Also, another vendor told me the following story:

"A drunk guy tried to use an outside snack machine. He fell into the machine, breaking the glass, and cutting himself. He sued the vendor because it was dark out and the vending machine light was not on". The vendor had liability insurance, however.

Link to comment
Share on other sites

Business liability is pretty inexpensive and is a SMART thing to carry (for all the reasons mentioned above).  Many of the larger accounts that you may pursue in the future will require that you carry it, may require a copy of it sent to them (your agent can handle that), and SOME will require that they be added as an "Additional Insured" (again, your agent should be familiar with this procedure and handle this for you).  The "Additional Insured" just covers THEIR butts, because they don't want to be sued if someone gets injured on their premises by your machines.  If you have employees, many may require to have a copy of your Work Comp policy as well.  This is to make sure that your employee doesn't try to sue them if they get injured on their premises.  Work Comp coverage is required by law anyways, so you SHOULD have it.  

  • Like 1
Link to comment
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
 Share

×
×
  • Create New...