New York workers’ compensation insurance pays for medical costs, medications, rehabilitation services, and lost wages when an employee is injured at work. Workers’ compensation insurance New York costs an average of $3 to $3.49 per $100 of payroll costs paid. Premium rates vary per business type, past claim history, and carrier. Small business owners can…
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How to Get Business Insurance for Your Small Business
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…
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….
Freight & Cargo Insurance: Cost, Coverage, & Providers
Cargo insurance pays the value of shipments, up to coverage limits, when shipments are lost or damaged. Businesses that ship goods need cargo insurance, but those with infrequent shipments can get coverage for single shipments. Small business owners typically insure cargo through the shipper. This usually costs $.60 per $100 of the shipment’s insured value….
Contractors Insurance: Types, Costs, & More
Contractors insurance refers to multiple policies that cover risks general contractors and other contractors face. Some insurers combine key coverages, like general liability and commercial property, into a business owner’s policy (BOP) for a lower rate. Standalone general liability policies might cost $350 to $1,500, but contractors can usually get BOPs for $400 to $700…
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…
Crime Insurance: Cost, Coverage & Providers
Crime insurance covers losses resulting from criminal acts, including employee dishonesty and third-party fraud. It covers an important gap in commercial property insurance. Most business owners need some crime coverage, but a few industries like retail and financial advisors face greater risk. Standalone crime insurance costs between $240 and $4,000. Hiscox has a commercial crime…
Pilates & Yoga Insurance: Cost, Coverage, & Providers
Yoga insurance can cover anything from a studio fire to student injuries to negligence claims. It’s simply a matter of selecting the policies that match your risks. Depending on the coverage and limits of your policies, the cost for Pilates and yoga teacher insurance can range from $100 to $400 per year. Whether you run…
2019 FICA Taxes, Unemployment Insurance, & Workers’ Comp for Owners
FICA (Federal Insurance Contributions Act) is a federal law that requires employers to withhold three taxes from their employees’ wages: 6.2% Social Security tax, 1.45% Medicare tax, and 0.9% for anyone who earns more than $200,000. In addition to FICA taxes, you must also cover unemployment taxes and workers’ compensation. If you’re looking for affordable…
