Need insurance help

[CaliDave]

My DS has a home based business.. lets say its "tupperwear"

She has been setting up a table at a business on a monthly basis.. the business charges her 5% of her sales

The legal dept of this business has aked her to sign a document.. basically stating she'll give 5%.. and blah blah blah..

She has no business license, employees, insurance or corporation. We file taxes along with our personal taxes.

The following is in this agreement.. What do we need to do? If anything?

Insurance: Vendor shall maintain and provide proof of insurance coverage of the following types continuously during any period of work in which Vendor is providing services or work for Customer:

Workers Compensation per applicable laws.

Employers Liability insurance with a limit not less than $500,000 each accident for bodily injury, $500,000 each employee for bodily injury by disease, and $500,000 policy limit for disease.

Commercial General Liability (CGL) insurance on an occurrence form with a limit of not less than $1,000,000 per occurrence covering liability arising from independent contractors, products-completed operations, personal injury and advertising injury, and liability assumed under an insured contract

 

[Gadabout]

Your location does not require a business license of any sort? What about for collecting sales taxes?

This is very common now. The business she's renting from has insurance, and is also requiring everyone else in the building to have insurance, which is smart on the owner's part. Biggest reason is that there are more people to go after in any lawsuits. Someone could slip and fall on piece of plastic that's dropped, or a toddler could swallow some small item, etc.

Some landlords are requiring their renters to carry renter's insurance now too, btw.

 

[ricoba]

Dave, Have her contact Tupperware's legal or distributor help department or the like, they should be able to help her with the liability info etc. They may even have a blanket coverage she can purchase. She should look into the matter especially since she seems to be doing pretty well...it was her little side biz that won you the trip to HI wasn't it?? I am sure Tupperware can give her a lot of pointers.

Rick