Deciding how to get business insurance is sometimes difficult. There isn’t one small business insurance policy covers everything a business owner needs. Individual business needs vary. Find an insurance company that becomes a partner by helping you evaluate your business risk, define the right policies to purchase, and establish the right coverage limits. If you…
About the Author
Kimberlee Leonard
Kimberlee Leonard joined Fit Small Business as a finance and business insurance staff writer in 2018. She brings with her over 20 years of experience between being a financial consultant, insurance agency owner, and content marketing agency owner. Always a writer, Kimberlee has published articles in a wide range of print and digital publications. Kimberlee now finds herself enjoying the Hawaiian tradewinds with her dog Arky who prefers to sit rather than walk. She lives on Oahu with her son, Matthew.
Drone Insurance: Cost, Coverage, & Why You Need It
Drone insurance provides unmanned aerial vehicle and unmanned aircraft system operators protection against accidental injuries or damage inflicted by their drone. Drone insurance primarily covers third-party liability bodily injury and property damage claims for small business owners. Average drone liability insurance costs $750 annually; this doesn’t cover the drone itself. Drone Liability Insurance Providers Drone…
Texas Workers’ Compensation Insurance: Top Providers, Rules & More
Workers’ compensation insurance covers employees injured while on the job. Texas workers’ compensation laws are unique because they don’t require employers to have coverage. Those that do are covered for medical expenses, prescription medications, weekly wages, and other associated expenses when a worker gets injured on the job. If you are looking for great Texas…
How to Find Cheap Small Business Insurance
Finding cheap small business insurance is possible if you take a systematic approach. Determine what suits your company’s risk needs, get an idea of realistic pricing, then find out who the top carriers are in your area. Learn what exclusions there are with inexpensive business insurance so that you aren’t left with an uncovered claim….
HVAC Insurance: Types, Costs, & Where to Find
HVAC insurance is often required by small business owners in the heating, ventilation, and cooling construction industry. Most state boards only require a surety bond, and an HVAC company isn’t really covered unless it has general liability, workers’ compensation, and commercial auto. HVAC insurance costs start at $350 but can exceed $10,000 for large companies….
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…
6 Best Workers’ Compensation Insurance Companies 2019
Just because workers’ compensation insurance is required doesn’t mean every insurance carrier is reputable. Poor claims processes and service from a few give other carriers a bad rap. Don’t wait to see if your workers’ compensation carrier is great. We vetted more than 20 insurance carriers and narrowed it down to the top six providers….
Workers’ Compensation Insurance for the Self-employed
Workers’ compensation insurance, while not required, is a good idea for the self-employed. The chance of injury exists for the solopreneur with consequences being 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…
Fitness Studio Insurance: Cost, Coverage, & Providers
Fitness studio insurance covers the company’s existing and future assets from accidental injuries, equipment theft, and lawsuits for misleading promises of fitness success. Several different policies such as general liability, workers’ compensation, and business property might be required to cover the most common risks. Fitness studio owners should expect to pay approximately $2,500 annually. Get…
Gym Insurance: Cost, Coverage & Providers
Gym insurance covers a gym’s elevated risks where liability increases due to people engage in strenuous cardio and weightlifting programs. Due to higher business risk, many commercial insurance providers offer business property coverage but may refer you to specialty liability providers. Costs start around $1,000 for property and $1,500 for general liability. There are so…
Self-Insured Retention: Definition, Cost, Features & Providers
Self-Insured Retention (SIR) insurance is a type of policy where a company assumes greater financial risk for smaller claims to adequately protect against catastrophic claims. Unlike a traditional insurance policy, where the insurer comes in immediately, the SIR policy requires the policyholder to pay his portion before a dime is paid by the insurance company….
Carpenter Insurance Cost, Coverage & Quotes
Carpenter’s insurance is a series of policies for those who frame, trim, and finish wood components. Policy combinations protect against liability claims, theft, loss, and damage to tools and materials that may be left in a truck or at a worksite. Costs range between $500 and $2,500 or more, depending the combinations of policies. If…
