Insurance question, looking to start a business, elder home care in Wisconsin.How to become bonded and insured?

estudent: Insurance question, looking to start a business, elder home care in Wisconsin.How to become bonded and insured?
I don’t think my insurance company (American Insurance) offers bond and insurance for someone in my field. Also need affordable health insurance with relatively low deductible. Any suggestions would be helpful.

Answers and Views:

Answer by Zarnev
You’ll need to talk with two agents. The first will be a commercial insurance agent for the business. The second will be a health insurance agent. Make sure both are able to represent several different companies.

Answer by mbrcatz
You need to talk to a local, independent agent in your area.

It’s not easy to find an insurer willing to cover the property, liability, and professional liability needed for the elder care home – and it’s not cheap, either. You’ll need all that, and workers comp, too, before you can get the bond, and the state gives you a license.

An independent agent can go look at the excess and surplus market to find a company willing to do this.

Health insurance is completely different – it costs what it costs, and the lower the deductible, the more it costs. The older you are, the less healthy you are, the more it costs. There’s no bargain with health insurance.

Your standard companies are NOT going to give you a quote on this. You can find a local agent near you, by plugging in your zip code to www.iiaba.net.