The United States Bureau of Labor Statistics (BLS) publishes an annual compilation of workplace injury statistics that policymakers use to improve working conditions and address safety concerns across the country. While not every injury recorded by the BLS is covered by workers’ comp, business owners can draw on the information to identify and mitigate risks…
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7 Best Business Insurance Brokers for 2021
When business owners need insurance, they have three options: buy directly from a carrier, work with a captive agent who can only sell policies from one carrier, or go to a broker. Business insurance brokers can sell policies from multiple carriers, giving you an easy way to compare offers. More importantly, brokers work for you—not…
8 Best Professional Liability Insurance Companies
Business owners need professional liability insurance in case clients accuse them of making mistakes that cause a financial loss. These policies, sometimes called errors & omissions (E&O) insurance, can be tailored to cover industry-related risks. We reviewed more than 25 of the top liability insurance providers and narrowed it down to the eight best: :…
What Is LLC Insurance Coverage & How Much Does It Cost?
Limited liability company (LLC) insurance refers to policies business owners buy to protect their business assets. Different policies protect against different risks, but LLC insurance typically includes coverage for a business’s liability and its property. Most LLCs can combine these coverages in a business owner’s policy (BOP) that costs between $350 to $1,000 per year,…
What Does Workers’ Compensation Insurance Cover?
Most business owners know that workers’ compensation insurance covers employees when they’re injured on the job. However, they may not know that policies in almost every state also pay their legal fees if an employee decides to sue for their injuries. Understanding this and other details about workers’ compensation coverage can come in handy should…
Do I Need Workers’ Compensation Insurance?
The chances are that if you own a business and have employees, then you need workers’ compensation insurance. Coverage is mandatory for most employers in every state (except Texas) to pay the medical bills and lost wages of employees hurt in workplace accidents. Without workers’ comp, employers would have to cover these costs out of…
5 Best Food Truck Insurance Companies
Insuring a food truck is a complicated business. Not only do you need to work with a company that knows the industry’s quirks, but you also want one that can identify and cover your particular risks. That can mean going to a brokerage that specializes in food truck insurance, working with a carrier with years…
Food Truck Insurance Cost & Coverage
Food truck insurance uses several different insurance policies to cover food trucks, other business property, employees, and other liabilities. Most food truck businesses need more than one type of insurance coverage, including commercial vehicle insurance and general liability. Basic food truck insurance costs start around $2,000 annually but increase significantly for broader coverage. Food truck…
5 Best Photography Insurance Companies
Photographers and videographers usually have three options for getting insurance. The two most common are insurance carriers that create their own policies and brokers who can sell policies from several carriers. The third option is getting insurance through a professional trade association, which can be the most affordable but typically requires membership. Our list for…
5 Best Painting Insurance Companies
The best painting insurance companies offer painters the coverage they need at a fair price. However, every painting business is unique, so figuring out what that looks like for your operations can be tricky. We evaluated dozens of painters insurance providers based on their coverages, typical premiums, and online experiences to identify the five best….
Photography Insurance: Cost & Coverage
Professional photographers and videographers need photography insurance to protect their assets from the cost of lawsuits and property damage. Typically, that means having general liability, professional liability, and equipment coverage. Insurance for photographers costs around $250 to $2,800 per year, depending largely on the number of policies you need, but also your clientele, venues, and…
Painters Insurance: Cost & Coverage
Painters insurance includes several policies, such as general liability and commercial auto. Some painters may also need surety bonds, property insurance, and workers’ compensation. For a one-person business, painters insurance costs between $300 to $3,000 annually depending on the policies purchased. One of the best ways to find affordable painters insurance is to compare offers…