Special event insurance is a type of insurance that covers businesses’ liabilities when they host events outside of their normal operations, like trade shows and fundraisers. Basic one-day event insurance costs start at $50, but premiums go up based on the number of days and attendees, location, and planned activities. To get your event properly…
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How Much Does Commercial Auto Insurance Cost?
Many factors help insurers determine the cost of commercial auto insurance, including vehicle usage and driving history. Cost is also impacted by the coverage options business owners select for expanded protection, such as roadside assistance and comprehensive coverage. Most businesses can expect to pay an annual premium of $600 to $2,400 per vehicle. Business owners…
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…
New Jersey Workers’ Compensation Insurance: Top Providers, Rules & More
Workers’ compensation insurance pays for employees’ medical expenses and lost income when they experience a work-related injury or occupational illness. Most states require workers’ comp by law. New Jersey requires all employers with one or more employees to carry workers’ compensation, and they typically pay between 72 cents to $19.72 per $100 of payroll. Work…
Crime Insurance: Cost, Coverage & Providers
Commercial crime insurance is a specialized coverage that pays for losses resulting from criminal acts, including employee dishonesty, and third-party fraud. It covers an important gap in commercial property insurance and is essential in certain industries that face a greater risk for crime, such as retail and financial advisors. Standalone crime insurance costs between $240…
HVAC Insurance: Types, Costs & Where to Find
HVAC insurance refers to a group of policies business owners in the heating, ventilation, and air conditioning industry are often required to buy. While most states only require bonds, HVAC companies may also need general liability, workers’ compensation, and commercial auto. HVAC insurance costs start at $350 but can exceed $10,000 for large companies. HVAC…
Ohio Workers’ Compensation Insurance: Rules and Coverage
Workers’ compensation insurance pays medical expenses and lost wages when employees are injured during work. In Ohio, workers’ compensation insurance can only be purchased through the Bureau of Workers’ Compensation, not through private insurers. Rates vary based on, payroll job descriptions and claims history, but there is a $120 application fee. Even though Ohio is…
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…
Pilates & Yoga Insurance: Cost, Coverage & Carriers
Yoga insurance is a group of commercial policies that cover anything from a studio fire to student injuries to negligence claims. Each policy covers different risks associated with Pilates or yoga practices. Depending on the coverage types and limits you select, Pilates and yoga teacher insurance costs range between $100 and $400 per year. Whether…
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…
9 Best Commercial Property Insurance Companies 2019
The best commercial property insurance companies offer tailored policies meeting the unique needs of business owners. Policies include owner-occupant, landlord risks, tenant risks, and various business property risks. We reviewed more than 20 of the top commercial insurance companies and narrowed it down to the ten best based on their ability to serve small businesses….
Workers’ Compensation Insurance Best Practices for Employers
Nearly every employer who has one or more employees is required to have workers’ compensation insurance. Utilizing workers’ compensation best practices helps employers keep premium costs down while helping them build a strong culture where their employees feel valued and safe. Best practices start with smart hiring and end with excellent claims management. What Workers’…
