How Much Coverage Do You Need?
Step 2: Coverage
The next step in purchasing insurance is determining how much you need. While cost is a factor, it is vital that you pay for a policy that includes the right level of coverage and coverage limits.
While every business is different, and you may need to add insurance as you grow, below is a basic policy for coverage of soap, cosmetic and candle makers.
| Coverages | Amounts | |
|---|---|---|
| General Liability | $ 1,000,000 | Aggregate |
| Product/Products Completed Liability | $ 1,000,000 | Aggregate |
| Personal and Advertising Injury | $ 1,000,000 | |
| Damage to Premises Rented to You | $ 300,000 | |
| Medical Expenses | $ 5,000 | |
| Business Personal Property/Inland Marine | $ 5,000 |
