Insurance
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I carry personal liability insurance which greatly increases my coverage for harm to others due to my automobile of on my property or in general, due to any negligence on my part. . I feel no need for "business" insurance.
Based in MD, near DC
Shopping from the Carolinas to New York
Have video cam; will travel
Poor customer service? Don't get mad; get video.
Shopping from the Carolinas to New York
Have video cam; will travel
Poor customer service? Don't get mad; get video.
Your personal insurance will not provide any coverage if it is determined that the incident was related to business. (I happen to be an insurance agent in my full time job.)
Putting coverage issues aside, do you sign IC contracts that state you will carry business liability?
Putting coverage issues aside, do you sign IC contracts that state you will carry business liability?
Umbrella liability is affordable enough that I imagine many shoppers carry it.
I carry business liability and error and omission. It's a down payment and then small monthly payments.
Shopping Arkansas, Louisiana, & Mississippi.
The same ones doing $9 shops? You must be joking.@panama18 wrote:
Umbrella liability is affordable enough that I imagine many shoppers carry it.
Umbrella sounds like high overhead, but the higher the limit, the less the cost-- in a manner of speaking. This is because generally, the risks are lower at higher levels. In our world, a mystery shopper is more likely to incur a fender bender or even an injury incident than to be responsible for a catastrophic loss or a lawsuit stemming from an allegation that the mystery shopper's words and/or actions harmed a person associated with a shopper location or the entire location's property or business. Perhaps MF Johnston, Niner, or an actuary can explain this so that it becomes clear. 
I would say, be as covered as you can afford to be. Life happens. Be prepared to let the insurance make up monetarily for some booboos, even if you know that you live and drive safely.
I would say, be as covered as you can afford to be. Life happens. Be prepared to let the insurance make up monetarily for some booboos, even if you know that you live and drive safely.
My garden in England is full of eating-out places, for heat waves, warm September evenings, or lunch on a chilly Christmas morning. (Mary Quant)
Which companies ask us to carry insurance? When I asked about umbrella insurance, I got quoted something like 5k/year. There is no way.
I carry $1 million of personal liability that sits on top of my car and home insurance. All generally have to be from the same insurance company. I pay about $125 per year. When I tried to get business insurance as a consultant (errors and omission, liability, etc), the amount of information they wanted (all clients, revenue from each for the last 5 years, expected revenue for the next 5 years) meant that as a fledgling business consultant (I consult and do training in addition to doing mystery shopping) that it was impossible to get coverage regardless of the high cost. I have since learned of an insurance company that provides liability insurance by project (duration and value: days to weeks to months and thousands to tens of thousands of dollars per project), but that does not really work for mystery shopping.
Shopping Southeast Pennsylvania, Delaware above the canal, and South Jersey since 2008
Interesting. I'll have to revisit their ICAs. Are you sure they didn't just want you to have automobile insurance?
"Let me offer you my definition of social justice: I keep what I earn and you keep what you earn. Do you disagree? Well then tell me how much of what I earn belongs to you - and why?” ~Walter Williams
The contracts mentioned General Liability coverage. How many of you that shop with The Source, Merrcantile, or other MSCs that require it by contract actually carry it?
Personal umbrella coverage does not cover business exposures. Commercial umbrella coverage goes over the GL that you would need to purchase first. Umbrella coverage is not what I am talking about.
Personal umbrella coverage does not cover business exposures. Commercial umbrella coverage goes over the GL that you would need to purchase first. Umbrella coverage is not what I am talking about.
I don't mean that they buy umbrella liability because they shop. Most shoppers have other sources of income and shop on the side. Umbrella liability is cheap, especially as an add-on to other insurance with the same company, and many people have it anyway.
@SoCalMama wrote:
The same ones doing $9 shops? You must be joking.@panama18 wrote:
Umbrella liability is affordable enough that I imagine many shoppers carry it.
You have to bundle it with other coverage, everything from the same insurer, and then it becomes so cheap that you can't prudently turn it down.
@Niner wrote:
Which companies ask us to carry insurance? When I asked about umbrella insurance, I got quoted something like 5k/year. There is no way.
Kudos to the insurance agent for clarifying when/how to use personal and commercial insurance!
My garden in England is full of eating-out places, for heat waves, warm September evenings, or lunch on a chilly Christmas morning. (Mary Quant)
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