The best small business insurance companies offer basic policies, such as general liability, and a broad range of additional coverages that small business owners may need. We reviewed dozens of providers and narrowed them down to our top 15 based on key criteria like coverage types, customer service, and pricing. The Hartford: Overall Best Small…
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.
IT Insurance: Cost, Coverage & Providers
IT insurance is a collection of insurance coverages that protect against third-party liability claims for consultants and businesses focused on delivering technology, computer, or IT services. The two main tech insurance coverage types are professional liability and general liability insurance. The cost of IT insurance ranges between $1,100 and $2,000 per year. Getting the best…
Inland Marine Insurance: Cost, Features & Providers
Inland marine insurance covers products, equipment, and valuable goods as they are transported over land or stored at an off-site location. Unlike commercial property insurance, inland marine covers property while it is away from your main premises. The cost of inland marine varies, but typically have minimums of $250 to $500 for standalone policies. If…
Experience Modification Rate & How to Lower Workers’ Comp Costs
An experience modification rate (EMR) is a number insurance companies use to represent a business’ prior workers’ comp claims and potential for future injuries. Businesses with lower EMRs pay less for their workers’ compensation insurance. EMRs commonly range between .75 and 1.25 based on a business’ claims history. Keeping your experience modification rate as low…
×
Get Our Best HR Articles Delivered Weekly!
(Only if you want to get insider advice and tips)
×
Get Our Best HR Articles Delivered Weekly!
(Only if you want to get insider advice and tips)
Vacation Rental Insurance: Cost, Coverage & Quotes
Vacation rental insurance covers your risks associated with short-term vacation properties you rent out. Your policy should include coverage for the structure and contents of your vacation rental property and loss of income as well as your liability for other people’s damages. Typical policies cost around $2,000 to $3,000 per year. When shopping for vacation…
Home-based Business Insurance: Costs, Coverage & Companies
Home-based business insurance protects business owners working out of their homes for claims arising from third-party liability, property damage, and more. The most common types of home office insurance are general liability and commercial property insurance. When getting both types, the typical cost of home business insurance ranges from $750 to $1,500 per year. Home-based…
Builder’s Risk Insurance: Definition, Cost & Providers
Builder’s risk insurance provides financial protection for building projects while they are under construction or renovation. Policies cover fire, theft, vandalism, and weather. Builder’s risk insurance costs typically range between 1% and 4% of the total construction costs, or around $1,000 to $4,000 per $100,000 of construction costs depending on the project details. CoverWallet offers…
Business Interruption Insurance: Cost, Coverage & Providers
Business interruption insurance, or business income insurance, covers a business’ lost income after operations cease resulting from covered damage. Covered damage includes fire or wind and is found in the business property insurance policy. Pricing varies, but business interruption insurance typically ranges from $500 to $1,500 per year. Business income insurance is often an extension…
Workers’ Comp Insurance for Self-employed Individuals: The Need, Cost & Carriers
Workers’ compensation insurance, while not required, is a good idea for the self-employed. Solopreneurs face the chance of injury that can result in medical expenses and loss of income. Workers’ compensation insurance for self-employed covers these expenses. Solopreneurs can expect to pay at least $250 per year for self-employed workers’ compensation insurance. Rather than waive…
Public Liability Insurance: Cost, Coverage & Quotes
Public liability insurance is the term used in the United Kingdom for what United States agents call general liability insurance. U.K. policies cover claims your business caused another party’s injury or property damage. There is a U.S. public liability policy that costs approximately 10% less than general liability insurance but offers limited coverage. To protect…
9 Best Workers’ Compensation Insurance Companies 2019
The best workers’ compensation insurance companies in 2019 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 25 top-rated workers’ compensation carriers to give you the best nine from which to choose. Top Workers’ Compensation Insurance…
Business Insurance for Startups: Cost, Coverage & Providers
Business insurance for startups refers to several potential insurance policies that protect a startup’s assets, investors’ interests, and employees. At a minimum, startups need general liability and business property but may also need policies such as workers’ compensation, professional liability, and key man insurance. A business owner’s policy (BOP) combines these with prices starting at…
