Deciding on the best electrician insurance first requires identifying the kinds of electrical services being offered, the corresponding risks, and whether work vehicles are being used. Then electricians need to choose among the many insurance providers and brokers that offer business coverage. To help electricians narrow their choices, we’ve chosen the top five electrician insurance…
Insurance
Electrician Liability Insurance: Cost & Coverage
Electrician insurance refers to policies that protect against financial loss resulting from property damage, workplace injuries, income loss, and vehicle accidents in work trucks. Electricians may need multiple policies to provide full coverage but can save by using a business owner’s policy (BOP). Electrical contractors usually pay an annual average of $500 to $1,006 for…
What Does General Liability Insurance Cover? A Closer Look
General liability insurance, also known as business liability insurance, covers businesses for financial losses due to third-party claims of bodily injury, reputational injury, or property damage to others. It’s an essential liability coverage for all businesses, given that all businesses are exposed to these types of risks. If you’re looking for general liability insurance for…
General Liability vs Professional Liability Insurance: Which Is Right For You?
The primary difference between general liability and professional liability insurance has to do with which claims are covered under each one. General liability pays for claims arising from injuries, both physical and advertising, as well as property damage to others. Professional liability insurance, also known as errors and omissions (E&O) or malpractice insurance, covers financial…
5 Best DJ Insurance Providers
Finding DJ insurance can be a complicated process because the type of insurance you need can vary based on the types of events you book, the frequency of your bookings, and the kind of equipment you use. DJs must choose between the many insurance providers and brokers that specialize in DJ insurance to find a…
What Is DJ Insurance and How Much Does It Cost?
Disc jockey (DJ) insurance isn’t a specific policy. The term refers to all the policies that protect professional DJs against business losses related to expensive equipment or stemming from interactions with hosts, party guests, and venues where they work. Depending on the carrier, DJ liability insurance typically costs between $180 to $450 per month. makes…
How Are Workers’ Comp Rates Calculated?
Determining workers’ compensation costs requires complicated algorithms. However, the basic workers’ comp calculations are fairly straightforward if you have the right information to plug into the formula. Doing this can give you a decent idea of what your premium should be so that you can include it when budgeting for new hires. How Workers’ Comp…
Interior Designer Insurance: Cost, Coverage & Providers
Interior designer insurance is a business owner’s policy (BOP) that offers affordable coverage for property damage and personal injury, with costs averaging $1,500 annually. Interior designers should also consider professional liability coverage, with minimum costs at $1,200 per year, as well as commercial auto insurance ranging from $1,000 to $4,500 per year. is an extremely…
Claims-made vs Occurrence Liability Policies
Both general and professional liability policies pay claims based on when an incident occurs and when a claim is filed. The difference is when coverage is triggered. A claims-made policy has retroactive and extended reporting periods while an occurrence policy requires that the policy be valid when the incident happens, regardless of when the claim…
Additional Insured vs Loss Payee: What’s the Difference?
Both additional insured and loss payee coverage extend insurance coverage beyond just the named insured. The coverage often extends to a third party because of a contractual agreement. The primary difference between a loss payee and an additional insured is that the loss payee has the right to collect payments from the insurance company in…
6 General Liability Limits Every Business Owner Should Know
Every commercial general liability insurance policy has defined limits set forth in the policy and on the declarations page. Understanding these limits is important for making sure that you have enough coverage in any given area and are adequately insured against risk. Here’s a look at the six defined liability limits in a general liability…
Dance Instructor Insurance: Cost, Coverage & Providers
Because there isn’t a single policy to cover all their risks, dance instructors need multiple dance studio insurance policies. In most cases, instructors can obtain bundled insurance coverage under a business owner’s policy (BOP) to get comprehensive protection for their most likely losses. BOPs for dance instructors start at $300 annually. Dance studio owners may…