Surplus lines insurance is coverage developed by nonstandard carriers that’s designed to cover particularly risky operations. Because they cover riskier operations, surplus lines are usually more expensive than standard policies. How much surplus lines insurance costs depends largely on the specific policy, the nature of the risk, and the carrier offering the policy. What Is…
About the Author
Lisa Tamilia
Lisa has 25+ years of experience in the insurance industry. She has worked for Fortune 500 insurance companies and most currently held roles as Vice President of Regional Sales & Senior District Sales Manager. Lisa has obtained her MBA and also completed her PhD Doctoral thesis. While doing her MBA, she did a Study Abroad in Costa Rica. Lisa also is an Adjunct Business Professor. She was awarded & her research was published for representing the USA insurance industry globally at the International Strategic Marketing Conference in Athens, Greece. “Syracuse Woman’s Magazine’s” Inspire section featured Lisa & the Scholarship she created in memory of her Mother to benefit college students overcoming obstacles. Lisa received the Central NY “40 Under 40” award. She has been Keynote Speaker and is on the Business School Advisory Board for her college alma mater. When not writing, Lisa has a passion for international travel and her beloved German Shorthaired Pointer. In addition to exploring each state in the beautiful USA, Lisa has been all over the world. Some of her favorite places are the French Riviera, Australia, Argentina, Greece & Italy.
Limousine Insurance: Costs, Coverage & Top Providers
Limousine insurance protects your business from risks that come with being a driver, such as injury to your passengers. State laws mandate livery drivers carry a minimum amount of liability insurance, but drivers can add optional coverage to further protect their businesses. Costs depend on what coverage you get, with annual premiums ranging between $5,000…
CPA Insurance for Accountants: Cost, Coverage & Providers
Certified public accountant (CPA) insurance generally refers to the common types of policies bookkeepers, tax preparers, and accountants professionals need. The primary coverage accountants need is professional liability insurance to pay for their legal fees if clients accuse them of negligence. Insurance for accountants typically costs between $500 to $1,000 annually. Getting the right insurance…
Taxi Insurance: Cost, Coverages & Top Providers
Taxi insurance is a type of commercial auto policy that protects for-hire livery operations by paying for accidents that cause damage to you, your vehicles, your passengers, or other people and their property. Pricing options vary for taxi insurance, but annual premiums typically range between $3,500 and $10,000. is a great choice for taxi insurance….
Daycare Insurance: Cost, Coverage & Top Providers
Daycare insurance is coverage for businesses in the childcare industry. Policies can cover business-owned property and liability risks that come with caring for children. Depending on coverage, annual costs of daycare insurance range from $750 to $1,350 for in-home childcare businesses to $1,000 to $2,000 for commercial daycare centers. To get your daycare insured quickly…
6 Cheapest Commercial Auto Insurance Companies
Small business owners who need auto insurance want it at a competitive rate. However, the cheapest commercial auto insurance doesn’t necessarily provide the best coverage, so we looked at costs as well as policy options, online features, claims processing, and customer reviews to arrive at the six best commercial auto providers for the money. Top…
Hair Salon Insurance: Cost, Coverage & Providers
Salon insurance refers to the business policies typically purchased by salons, barber shops, and spas. The most common form of salon insurance is commercial general liability, which covers third-party bodily injury, property damage, and reputational harm. Insurance costs for most small hair salons typically run from $350 to $1,300 per year in premium. When it’s…
What Is a Surplus Lines Broker?
Surplus lines brokers are insurance professionals who can provide coverage to businesses in high-risk industries like manufacturing and agriculture. They can do this because they have access to surplus lines carriers. The cost of using a surplus lines broker varies with fees regulated by each state. What Does a Surplus Lines Broker Do? A surplus…
Professional Liability Insurance for Nurses: Definition, Cost, Features & Providers
Professional liability insurance for nurses is coverage designed to protect those in the nursing profession against claims arising out of their duties. It covers accusations of errors and omissions in the course of a nurse’s work. Pricing options vary, but a typical professional liability insurance policy for nurses costs $80 to $1,000 per year. For…
Catering Insurance: Types, Cost, and Top Providers
Caterer’s insurance is designed to protect your business from liability while protecting your assets. It covers claims common to caterers such as serving food to customers, property damage and injuries to customers, and employee injuries. Pricing options vary for caterer’s insurance with a typical business owner’s policy (BOP) median cost at $845 annually. Caterers can…
