business insurance - GoFuckYourself.com

kroncheez · 09-29-2006, 03:15 AM

I was just thinkin the other day that having business insurance might be a good idea incase some jackoff wanted to sue you.

I did a little reading and it seems like General Lilability business insurance is what I am looking for.

Anyone know about business insurance like this or know the best place to get it?

Thanks

suesheboy · 09-29-2006, 04:34 AM

got mine through allstate

Barefootsies · 09-29-2006, 05:15 AM

Quote:

Originally Posted by kroncheez

I was just thinkin the other day that having business insurance might be a good idea incase some jackoff wanted to sue you.

I did a little reading and it seems like General Lilability business insurance is what I am looking for.

Anyone know about business insurance like this or know the best place to get it?

Thanks

Also make sure you've formed/done your LLC brotha.

kroncheez · 10-02-2006, 01:41 PM

whats the biggest advantage of an LLC over sole proprietorship?

The only thing im worried about is protection against lawsuits, anyone else have any experience with this or business liability insurance?

WiredGuy · 10-02-2006, 01:50 PM

The very nature of internet businesses (not to mention porn), makes business interruption and general liability insurance rather expensive to get. Especially if your receivables jump rather wildly from month to month. Although you can get it, expect to pay large premiums for the service. If your sole purpose is to minimize losses from litigation, I'd suggest going via holding companies to limit assets that can be seized. Its much likely cheaper and its ironclad.
WG

Barefootsies · 10-02-2006, 03:25 PM

Quote:

Originally Posted by kroncheez

whats the biggest advantage of an LLC over sole proprietorship?

The only thing im worried about is protection against lawsuits, anyone else have any experience with this or business liability insurance?

LLC means a lot of things. The best, and easiest explaination... LLC means if you were sued, they can only come after the "COMPANY'S ASSETS" not your own personal one's too.

They cost around $500.00 to get. Varies a little by area, and how intensive.

Worth every penny.

kroncheez · 10-02-2006, 07:05 PM

Quote:

Originally Posted by WiredGuy

The very nature of internet businesses (not to mention porn), makes business interruption and general liability insurance rather expensive to get. Especially if your receivables jump rather wildly from month to month. Although you can get it, expect to pay large premiums for the service. If your sole purpose is to minimize losses from litigation, I'd suggest going via holding companies to limit assets that can be seized. Its much likely cheaper and its ironclad.
WG

holding companies? Where can I read more about these and can you give me an example of a good one, perhaps that you use?

WiredGuy · 10-02-2006, 07:10 PM

Quote:

Originally Posted by kroncheez

holding companies? Where can I read more about these and can you give me an example of a good one, perhaps that you use?

Talk to your accountant or attorney about setting one up as it varies from country to country and state to state. Ironically, it may be cheaper to go this route than getting insurance.
WG

E$_manager · 10-02-2006, 07:52 PM

You can make insurance if you are producing porn?

Gaybucks · 10-02-2006, 08:09 PM

Quote:

Originally Posted by kroncheez

holding companies? Where can I read more about these and can you give me an example of a good one, perhaps that you use?

A holding company is something you create (with the help of an accountant and legal advisor.) It's exactly what the name states... a company created to hold the assets (or the ownership) of another company.

Usually the holding company is domiciled in some obscure country with laws that make it very unfriendly to sue someone there... hence the protection provided.

tony286 · 10-02-2006, 08:58 PM

Quote:

Originally Posted by suesheboy

got mine through allstate

my allstate guy said allstate doesnt do business insurance, we have our home and auto with them already.

kroncheez · 11-17-2006, 02:30 PM

i am bringing this thread back to life to hear more about insurance and overall asset protection - especially from lawsuits

pstation · 11-17-2006, 02:33 PM

people who think they are protected from lawsuits just because they spent a few hundred bucks on an LLC are very wrong.

kroncheez · 11-18-2006, 10:51 AM

Quote:

Originally Posted by pstation

people who think they are protected from lawsuits just because they spent a few hundred bucks on an LLC are very wrong.

what would you suggest?

kroncheez · 11-20-2006, 11:37 AM

im suprised no one knows about this stuff

09-29-2006, 03:15 AM	#1
kroncheez Registered User Join Date: Oct 2005 Posts: 68	business insurance I was just thinkin the other day that having business insurance might be a good idea incase some jackoff wanted to sue you. I did a little reading and it seems like General Lilability business insurance is what I am looking for. Anyone know about business insurance like this or know the best place to get it? Thanks

09-29-2006, 04:34 AM	#2
suesheboy Confirmed User Industry Role: Join Date: Nov 2002 Location: FL - TN/NC Posts: 5,211	got mine through allstate __________________ Adult Web Site Domain Names For Sale Adult Sex Toy Domain Names For Sale Tantric Delights, Sex Toys Blog, Tantric Sex Toys

10-02-2006, 01:50 PM	#5
WiredGuy Pounding Googlebot Industry Role: Join Date: Aug 2002 Location: Canada Posts: 34,452	The very nature of internet businesses (not to mention porn), makes business interruption and general liability insurance rather expensive to get. Especially if your receivables jump rather wildly from month to month. Although you can get it, expect to pay large premiums for the service. If your sole purpose is to minimize losses from litigation, I'd suggest going via holding companies to limit assets that can be seized. Its much likely cheaper and its ironclad. WG __________________ I play with Google.

10-02-2006, 07:52 PM	#9
E$_manager Too lazy to set a custom title Join Date: Apr 2006 Location: pink adult dreams Posts: 13,557	You can make insurance if you are producing porn? __________________ Enjoy more sales with EnjoyBucks! Homemade: Asian : Ebony : GFs : Voyeur : Nudist : Public : 3D

10-02-2006, 01:41 PM	#4
kroncheez Registered User Join Date: Oct 2005 Posts: 68	whats the biggest advantage of an LLC over sole proprietorship? The only thing im worried about is protection against lawsuits, anyone else have any experience with this or business liability insurance?

11-17-2006, 02:30 PM	#12
kroncheez Registered User Join Date: Oct 2005 Posts: 68	i am bringing this thread back to life to hear more about insurance and overall asset protection - especially from lawsuits

11-17-2006, 02:33 PM	#13
pstation Confirmed User Join Date: Jul 2003 Location: chicago Posts: 1,135	people who think they are protected from lawsuits just because they spent a few hundred bucks on an LLC are very wrong.

11-20-2006, 11:37 AM	#15
kroncheez Registered User Join Date: Oct 2005 Posts: 68	im suprised no one knows about this stuff