What value of $ 300,000 in insurance costs for a handful of press machine in New York?
What would $ 300,000 worth of insurance costs for a handful of press machines in New York? Journal of New York requires that vending machines are over insurance on this amount, total. Any idea how to get an offer? The Law: Newsrack owners must have a commercial general liability insurance from an insurance company authorized to operate in the State of New York will do in its name, the name of the city of New York, its departments, boards, officers, employees and agents specifically insured additional compensation for additional insured, and from and against any losses, costs, damages, expenses, suits, judgments or liability arising out of or resulting from the placement, installation and / or maintenance of the newsrack such. Certificate of insurance demonstrating compliance with these requirements shall annually on 31 December, show, or by the due date of the policy, depending on what was a free eintritt.Dies newspaper dispensing machines. . .
March 3rd, 2010 at 1:01 am
you will have to get a bond…its sold by insurance companies…about 500 a year for that amount.
March 3rd, 2010 at 1:02 am
Already asked and answered, check you mail box
March 3rd, 2010 at 1:07 am
Dude, I answered this for you last night in detail, the last time you asked it.
You get the quote, by calling a local, independent insurance agent. The direct writers won’t touch vending machines.
And, as per the prior answer, you are unclear if the $300K is supposed to be a liability limit, or property limit.
Also, adding all those additional insureds will cost extra.
It’s going to depend on the number of machines, and the locations. It’s likely going to cost you, in NY, between $2500 and $5000 for straight general liability with a blanket additional insured endorsement. AND, $1,000,000 is probably going to cost the same as $300,000.