I am a one man shop with a Haas VF2 looking for machining work in Oregon. I applied on-line to become a parts machining supplier for an aircraft company.
They ask for General Liability Insurance. That is a requirement to complete the application.
I contacted several insurance companies and asked for quotes. They act like they have never heard of machine shop General Liability Insurance.
"we don't have that but I will transfer you ----" If you are a dog walker, or pastry baker they can help you. I finally connected with an insurance agent in the Northwest, told him I only need insurance for this one potential customer. He said rates start at $5000 per year.
Am I barking up the wrong tree here? I don't have any products to insure, only machining parts to customer specifications, no assembly.
Has anyone else run into this? 5K sounds way out of line for one potential (maybe) customer. Does anyone know of a low cost insurance company, or should I look for different customers?
Thanks, LN