Workers’ compensation insurance pays medical expenses and lost wages when employees are injured during work. In Ohio, workers’ compensation insurance can only be purchased through the Bureau of Workers’ Compensation, not through private insurers. Rates vary based on, payroll job descriptions and claims history, but there is a $120 application fee. Even though Ohio is…
About the Author
Kimberlee Leonard
Kimberlee Leonard is a staff writer at Fit Small Business focusing on finance and business insurance. When she joined the team in 2018, she brought over 20 years of experience between being a financial consultant, insurance agency owner, and owner of a content marketing agency. Kimberlee’s expertise has been featured in articles from a wide range of print and digital publications like The Latest, and The Houston Chronicle.
In her free time, Kimberlee like to enjoy the Hawaiian tradewinds with her dog Arky, and soaking in the island of Oahu with her son. She is also the author of several children’s books.
Handyman Insurance: Types, Costs & Where to Find
Handyman insurance refers to the liability and property coverage for unlicensed tradesmen. A handyman, at the very least, should have general liability, workers’ compensation, and equipment coverage in the event tools are lost or stolen. Sole proprietors with no employees should expect to pay approximately $1,500 annually for liability and equipment coverage. Finding the right…
Pilates & Yoga Insurance: Cost, Coverage & Carriers
Yoga insurance is a group of commercial policies that cover anything from a studio fire to student injuries to negligence claims. Each policy covers different risks associated with Pilates or yoga practices. Depending on the coverage types and limits you select, Pilates and yoga teacher insurance costs range between $100 and $400 per year. Whether…
Workers’ Compensation Insurance Best Practices for Employers
Nearly every employer who has one or more employees is required to have workers’ compensation insurance. Utilizing workers’ compensation best practices helps employers keep premium costs down while helping them build a strong culture where their employees feel valued and safe. Best practices start with smart hiring and end with excellent claims management. What Workers’…
Gym Insurance: Cost, Coverage & Providers
Gym insurance covers a gym’s elevated risks where liability increases when people engage in strenuous cardio and weightlifting programs. Due to this higher business risk, many commercial insurance providers offer business property coverage but may refer you to specialty liability providers. Annual costs start around $1,000 for property and $1,500 for general liability. There are…
What Is Insurance Subrogation?
Insurance subrogation refers to an insurer’s legal right to recover money paid to clients or on their behalf after policyholders are found not responsible for damages. Subrogation clauses allow policyholders to get claims covered quickly through their insurance policies while the insurer takes measures to get the claim money back from the liable party or…
Indiana Workers’ Compensation Insurance: Top Providers & Rules
Indiana workers’ compensation laws require most employers to maintain insurance that covers medical payments and lost wages for employees who are injured on the job. However, Indiana is also consistently one of the least expensive states when it comes to purchasing workers’ compensation. Rates range between 9 cents and $6.10 per $100 of payroll. Getting…
Whole Life Insurance Quotes, Providers & More
Whole life insurance is a type of permanent insurance that provides death benefits to beneficiaries and has a cash value that grows during the policy’s lifetime. Cash value can be used to increase your death benefit, cover premium payments, or be withdrawn as you need it. Monthly whole life insurance rates typically start around $150…
Life Insurance Costs & What Affects Rates
Life insurance costs depend on several factors, including age, gender, health, the type of coverage, and the policy’s face value. Term life and whole life are the two most popular types of life insurance, with term life being the most affordable. Typical term life insurance rates range from about $30 to $60 per month for…
Sports & Swim Instructor Insurance: Cost, Coverage & Providers
Sports and swim instructor insurance is a combination of policies that cover individuals who directly oversee the teaching and training of individuals and teams. Sports instructors can get general liability for as little as $120 per year with $1 million limits. Some insurers offer unique industry-specific policies that cover both general and professional liability. The…
Unoccupied & Vacant Home Insurance: Cost, Coverage & Providers
Vacant home insurance covers homes left unoccupied for extended periods of time. These properties have a higher risk for vandalism, theft, and weather damage when unoccupied for at least 30 consecutive days. Policies can cost up to three times what a homeowners policy costs, but a limited endorsement may only be $100 more per year….
Term Life Insurance: Rates, Quotes & Providers
Term life insurance pays death benefits to beneficiaries if the insured dies during the policy period. The duration of coverage is typically 10, 15, 20, or 30 years. Term life premiums vary based on several factors, including age and health. Term life premiums start as low as $15 per month for a healthy 20-year-old. Term…
