North Carolina workers’ compensation laws make coverage mandatory for employers with three or more employees. This includes minors and undocumented workers. On average, business owners pay around 97 cents per $100 of payroll for their workers’ comp insurance, which makes North Carolina tied for 12th for the least expensive for workers’ comp. Even if workers’…
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8 Best Workers’ Compensation Insurance Companies
The best workers’ compensation insurance companies in 2020 provide more than just excellent coverage. They seek to train employers on safety and make the process of buying and paying for workers’ compensation insurance easy. We reviewed several top-rated workers’ compensation carriers to give you the best eight from which to choose. Top Workers’ Compensation Insurance…
What Does Professional Liability Insurance Cover?
Professional liability insurance protects small business owners in claims they made an error or omission while performing professional duties. Generally, this policy covers financial losses due to unintentional acts of negligence rather than liability for bodily injury or property damage. Professional liability policies cover accusations over honest mistakes as well as meritless allegations from customers….
Workers’ Compensation Claims: Which Injuries Are Covered?
Workers’ compensation insurance covers workplace injuries and illnesses. Certain types of injuries aren’t covered while others fall into a grey area. If an injury or occupational illness is sustained while you are performing the duties required by your job, it’s probably covered. For example, you fall off a ladder at work and break your leg….
7 Top Cyber Insurance Companies
Cyber insurance is a policy designed to protect businesses from losses that occur as a result of cyberattacks and electronic data breaches. Cyber insurance companies typically cover costs like data restoration, legal fees, consumer credit monitoring, and regulatory fines. We reviewed more than 25 of the top cyber insurance providers and narrowed them down to…
9 Best Commercial Property Insurance Companies
The best commercial property insurance companies offer tailored policies to meet the unique needs of business owners. While looking for a commercial property insurance provider, business owners should look for comprehensive coverage, sound financial strength, and customizable options needed for your industry. We reviewed more than 20 of the top commercial insurance companies and narrowed…
Life Coach Insurance: Coverage, Providers & Cost
Life coaches offer expert advice to individuals, so they need professional liability insurance in case they’re sued over their services. Policies typically cost between $400 and $1,800 annually, depending on your business size. Life coaches should also consider purchasing a business owner’s policy (BOP), which costs about $600 annually, as well as commercial auto insurance…
Food Vendor Insurance: Coverage, Providers & Cost
Food vendor insurance refers to the types of coverage food vendors need to protect their businesses against financial loss from liability claims. The most common policies for food vendors are general liability and commercial property. Food vendor insurance costs start around $300 to $1,300 annually and can start as low as at $60 for single-day…
How Much Does Workers’ Compensation Insurance Cost?
Workers’ compensation insurance costs depend on many factors, such as state regulations, payroll, and industry, so it’s difficult to pinpoint an exact premium without considering all of your business’ characteristics. Employers pay an average of $936 per employee in annual for workers’ compensation, according to the United States Bureau of Labor Statistics. Those in less…
Workers’ Compensation Insurance: Requirements, Cost & Providers
Workers’ compensation insurance is required in most states to cover medical bills, rehabilitation costs, and lost wages for employees who get injured or experience a work-related illness. Costs vary depending on factors such as your business’ location, industry, and payroll. Typically, small business owners pay $450 per employee in annual workers’ compensation premium. Getting affordable…
6 Best Commercial Auto Insurance Companies 2020
Small business owners who need commercial auto insurance should look for reliable providers that can offer quality coverage at an affordable rate and that can scale with their business. We compared more than 12 carriers on criteria including costs, policy options, and additional features to determine the six best commercial auto insurance companies. Top 6…
9 Best General Liability Insurance Companies
Small business owners want to work with general liability insurance companies that are reliable and can offer quality coverage at an affordable rate. We compared more than 20 carriers on criteria such as costs, policy options, and online availability to come up with the nine best general liability insurance companies. Top General Liability Insurance Companies…