Step 7 of 13
Get business insurance
Protects you personally if something goes wrong.
- Time
- 1–2 hours
- Cost
- Varies
Why it matters
As a sole proprietor you are personally liable. Insurance is what stands between a problem with a product and your own savings.
What to ask for
- General liability
- Product liability, which covers claims about the products you sell
- Whether your home insurance covers a home-based business and its stock
Say what you sell
Tell every insurer you sell adult products. Some exclude them, and you want to find that out before you buy a policy, not when you make a claim. Get confirmation in writing.