I like this question because I wonder if we're paying too much, but it is insurance, and just the nature of it makes me question if we're paying too much for too little.

We have commercial general liability insurance, and we pay over $900 a year. $750 for the premium and $150 for the "policy fee." For what type of business, our policy says that we are "org including a corporations."

We sell some bikes, offer a shop where people can rent space/tools and work on their own bikes, and we do free tune-ups in the community.

Liza

On Wed, Apr 29, 2009 at 6:00 AM, 1304bikes <1304bikes@gmail.com> wrote:
Hi all, we here at 1304bikes in Raleigh are getting ready to possibly move out from the building of our fiscal sponsor.  We have applied for our own 501(c)(3) status, and are going to start shopping around for insurance.  The thing is, we have no idea what to look for in coverage, and what is an acceptable price range.  If anyone would be willing to share how much they pay a year and what it covers, we would greatly appreciate it.
 
We are incorporated as a non-profit, and all our bikes are either given away to children, earned through our Adult EAB program, or given out through other established non-profits.  We do not sell anything, and don't have a business license, so we may not need any sort of business insurance if such a things exists.  
 
Thanks for the help!
 
for 1304bikes,
-Doug 

--
1304bikes
2419 Mayview Rd.
Raleigh, NC
1304bikes.org

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--
Liza Mattana
president
www.pedals2people.org
Spokane, WA