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| Passing:
General Liability Insurance For A Catering
Biz? |
Question:
After years of owning/running a real
estate business I've come to the conclusion
that do the whims of the business
cycle that it would be a prudent
idea to have a secondary income stream.
To that end I am in the process of
writing a business plan for catering
Q. Please limit the lectures
on the % of failures, etc in the Q
biz. Unlike most folks who have
this crazy idea, I've spent 6 months
so far researching this thing and
I do believe that I have it just about
figured out, but not all the way -
hence the business plan. I know from
command experience in the military
that most plans don't survive intact
much past fist contact and that flexibility
to adapt to dynamic situations is
a must. But I expect a lecture or
two any way.
Here is the problem: I have hit a
solid road block in finding a company
that will provide me a quote for general
liability insurance. (Don't need workman's
comp as only "owners" will
provide labor.) Internet quote sites
don't respond, my business
policy folks don't do "food",
my home owners and auto policy companies
- same story. Other local companies
refer me to companies that don't return
calls, and so the saga goes on. Anyone
here have a suggestion or two?
Answer:
I'm in the real estate business
too and I love downturns in the -
business
cycle. You see, when real estate cools
off the mediocre - brokers drop out
like flies and and the remaining clientele
gets - spread out over a smaller pool
of real estate professionals. The
- strong not only survive but prosper.
If you can't make a real estate -
business
work in slow times whatever gives
you the idea that you can - be successful
in the food biz. That said, your chances
of making a - catering
business
fly are much better than with a sit-down
- restaurant. I can't believe your
business
policy agent doesn't *do - food*.
I don't know anything about how Colorado
law affects business
- but with the vast majority of small
businesses being of a food - nature,
I'd say you should shop for a new
agent. JD, you are so superior. I
bow in your presence.
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