Beverly Blitzer on sat 18 dec 10
Hi All,
Hope you had a great Holiday Season and Sales.
Just a quick insurance question:
I work out of my home.
I have a studio and kiln there.
No students and sales only once a year.
Do you have business or personal insurance?
Is there any advantage to creating a "LLC'
What carrier do you use?
Thanks so much for any advice.
Bev in RI
Cold and Sunny
Bev Blitzer Pottery
http://web.me.com/bevblitzer/
William & Susan Schran User on sat 18 dec 10
On 12/18/10 10:51 AM, "Beverly Blitzer" wrote:
> Hope you had a great Holiday Season and Sales.
> Just a quick insurance question:
> I work out of my home.
> I have a studio and kiln there.
> No students and sales only once a year.
> Do you have business or personal insurance?
> Is there any advantage to creating a "LLC'
> What carrier do you use?
> Thanks so much for any advice.
Bev,
Generally speaking, if you have a kiln in your home, you tell your home
insurance company that it is UL listed, wiring has been done by a licensed
electrician and you are doing this as a hobby, usually all you need to do.
On the other hand, if you are conducting a home business, have established
yourself as a business for tax purposes and selling any pottery, the genera=
l
rule is your home insurance will not cover you or your home - you'll need t=
o
have separate small business insurance.
Some insurance companies/agents sell both.
I have home/auto with one and business with another.
It's also not a bad idea to carry at least 1 million in liability insurance
for the business.
Bill
--
William "Bill" Schran
wschran@cox.net
wschran@nvcc.edu
http://www.creativecreekartisans.com
.
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