QUESTION

Personal material insurance company in Hawaii

Asked on May 13th, 2012 on Business Law - Hawaii
More details to this question:
How could I start an insurance company for items like electronics. I wouldn''t offer any life insurance or anything like that, but just household items you know. Thanks please fill me in on this type of industry, I''ve seen lots of online company''s do this so I was wondering of I could?
Report Abuse

1 ANSWER

Litigation Attorney serving Greenwich, CT
Partner at Hilary B. Miller
Reviews not shown
1 Award
Insurance companies have minimum capital requirements and require a license from the state regulator in each state where their customers reside. These requirements are prohibitive for the average small business. Assuming you want simply to offer insurance against the loss or destruction of personal electronic devices, you might best be served by hooking up with an insurance company that is already in existence and licensed nationwide and working out a marketing or joint venture agreement.
Answered on May 13th, 2012 at 6:02 PM

Report Abuse

Ask a Lawyer

Consumers can use this platform to pose legal questions to real lawyers and receive free insights.

Participating legal professionals get the opportunity to speak directly with people who may need their services, as well as enhance their standing in the Lawyers.com community.

0 out of 150 characters