Recommendation for small business insurance?

[silvor]

My son has a small wholesale business in the Tampa Florida area.

It’s just him and his inventory in a small warehouse type storage unit. He’s looking to get some insurance for his inventory. I don’t think he really needs anything fancy as he doesn’t deal with the public or anything like that.

Does anybody have any recommendations for an insurance carrier?

I have Progressive for my home and car, but when I talked to the folks over there after 10 minutes of questions, apparently they couldn’t insure him for some reason.

Any help is appreciated!

 

[REWahoo]

I've heard good things about these guys: Next Insurance

 

[Scrapr]

I used an independent agent for 30 years when I had my business. He helped me a lot. He could place with different carriers & tell your son about hazards that might need specialized coverage. I started out with a captured agent but soon realized he was out of his skill set. Soon found my guy & never left

 

[Kings over Queens]

find an independent agent with expertise in his business sector.

 

[Stormy Kromer]

Yes. Call a few Independent Agencies and simply ask them if they know about your particular business.

I also have to be frank with you. This is not an account that they will earn much from. Don't expect them to fight for your business.

 

[lanceman002]

I use State Farm for my home, auto, and umbrella. I also run a small side business with inventory I store at my house (similar but different in that the inventory is in my personal residence). I also use State Farm for the small business insurance. The local agent insured our business as well as our personal. Nice in that I have one person I can call for all of it. I pay $265/yr and I have about $8K in inventory at my home. I believe I'm covered up to $20K in inventory.

 

[silvor]

^^^thanks!

OP here… Three companies wouldn’t cover. Berkshire never called back even though they said they would.

So I got one quote from State Farm.
$6600 a year.
That’s for $150,000 worth of inventory, in Florida. I’m sure that makes a difference but ouch.

 

[lanceman002]

^^^thanks!

OP here… Three companies wouldn’t cover. Berkshire never called back even though they said they would.

So I got one quote from State Farm.
$6600 a year.
That’s for $150,000 worth of inventory, in Florida. I’m sure that makes a difference but ouch.

Wow - ouch is right! Dang, that's a lot! Yes, we have a much lower inventory value and we're located in small town Wisconsin.