Rough Estimate On Business Insurance

[jimmiejackson]

Hi all,

I am currently researching a new business and am finding it very hard to find any number to use in my financials for Insurance.

The business will be in a rented property with printing machinery worth somewhere around $30,000.

I would need insurance to cover the cost of the machine (fire, theft, breakdown) as well as the stock on the premises, perhaps $10,000.

I don't need to exact quotation at this point but a ballpark figure will do!

Impossible to get the information from any actual insurance broker - without company ID and lots of other information regarding the property address etc they won't have a conversation with me - as I am in the planning stage I don't have these yet.

Anyone paying insurance that can give me an idea?

Thanks a lot.

Edited January 7, 2013 by jimmiejackson

[jamescollister]

Doesn't look like you are getting much in the way of replies, so will give it a shot, but really have little idea.

Have a business here, but no relationship to what you are doing.

Don't think you will be able to insure for machine breakdowns, but the other things, should be under 20,000 Baht a year.

When you rent the place check what coverage the renter has and see his insurers [if he has any] first. Also if you have a vehicle, workers etc the insurers may do a package.

Never understood the ways of insurance companies anywhere in the world, just my thoughts. Jim

[jimmiejackson]

Doesn't look like you are getting much in the way of replies, so will give it a shot, but really have little idea.

Have a business here, but no relationship to what you are doing.

Don't think you will be able to insure for machine breakdowns, but the other things, should be under 20,000 Baht a year.

When you rent the place check what coverage the renter has and see his insurers [if he has any] first. Also if you have a vehicle, workers etc the insurers may do a package.

Never understood the ways of insurance companies anywhere in the world, just my thoughts. Jim

I really appreciate you taking the time to reply, even just 20,000 as a rough estimate helps a lot.

Thanks for the input.

[tombkk]

Moving this to the insurance forum. You might get more replies there.

[stevenl]

Count on about 6,000 Baht yearly.