What insurance does an estate sale company need?

Most estate sale companies carry general liability insurance to cover injuries to shoppers and damage to the client's property during a sale. Because sales bring many strangers into a private home, a slip on a stair or a broken item can quickly become a claim. Many clients and their agents now ask to see proof of coverage before signing a contract.

Other coverage to discuss with an agent may include workers' compensation if you have employees, which many states require, commercial auto if you use vehicles for the business, bonding to reassure clients about theft, and coverage for property in your care. Some companies also look at professional liability.

Requirements and options vary by state and by insurer, so talk with a licensed commercial insurance agent who understands the business. Explain how your sales work, including handling cash, moving furniture, and hauling items, so the policy matches the real risks.