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?
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.
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