Anyone have insurance for a home business?

[Metta]

I have a meditation group at my house and am looking into covering it with insurance. For anyone who already has this: what do I need to take into account/make sure I'm covered for? If you've filed a claim with your company, were they on your side or did they just take care of themselves? I'm wondering who I should look into/ stay away from.

Many thanks.

[NMDemDist2]

1. since it's at your home, call around to OTHER insurance companies

and get some ideas of what coverage you need

do you charge for the group?? that will make a big difference

you probably just need a rider for your current policy

[cassiepriam]

2. Do you mean slip and fall type insurance?

Wouldn't that be covered under your home owner's policy?
Check with your agent....

[rumpel]

3. that is what I thought

but considering all the strange liabilities popping up in courts..

I do however hope that people who come to a meditation session to be somewhat advanced souls with a more pure intent.

Perhaps, if the business is a non-profit type set-up there may be specific insurances to cover these organizations, maybe a disclaimer will also help? :shrug:

Sorry, not much help.

[cassiepriam]

4. A small business owner in any industry should get some good

legal advice in the very beginning. To identify possible
legal issues that might arise down the road. And to take
preventative action. And that might include some sort of
insurance protection.

So I think some legal advice and a call to several insurance
brokers might be an idea to consider. And yes anyone leading
a meditation group should have a clear disclaimer at the first
session and care
should be taken when describing the benefits of meditation.

[Why Syzygy]

5. If you have homeowners insurance,

and are just wanting to cover the practice, you might look into the several companies that provide liability coverage for massage/energy workers. You could google massage liability. These policies provide liability for possible damages to clients plus damage to the property where the practice is performed. There are at least two well known ones. The rates are around $200 per year. If you are teaching, the policy may be a bit more.

[Metta]

6. Good suggestions. I'll follow up on them after we return from the holidays.

Many thanks. :)

[judaspriestess]

7. you should get incorporated

insurance is not enough. Once you inc yourself, you separate your business for lack of a better word from your personal belongings. :)

[Chemical Bill]

8. One thing...

If the people pay, or even give donations, it may be different than if they don't. Just sayin'.

Bill