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…
Staffing Agency Insurance: Cost, Coverage & Providers
Staffing agency insurance is a set of business policies agency owners can purchase to protect their assets. Each policy covers different risks many employment agencies face by paying for the costs associated with them. At a minimum, most agencies need general liability to cover third-party injuries and property damage which costs $400 to $1,000 annually….
Church Insurance: Cost, Coverage & Top Companies
Churches need to protect their assets like any other business. But getting coverage isn’t as simple as asking an agent for church insurance. Rather, you need several policies, each designed for a specific risk. For instance, most churches need general liability in case a congregant suffers an injury. This policy typically costs between $500 to…
5 Types of General Liability Claims and How to Avoid Them
As a business owner, you need to be prepared for anything and everything. Accidents could happen that you are liable for, which might cost thousands of dollars. Without general liability insurance, you’d have to pay those claims out of your pocket. Fortunately, a general liability insurance policy can mitigate those expenses when they arise. Even…
Food Vendor Insurance: Coverage, Providers & Cost
Food vendor insurance refers to the types of coverage food vendors need to protect their businesses against financial loss from liability claims. The most common policies for food vendors are general liability and commercial property. Food vendor insurance costs start around $300 to $1,300 annually and can start as low as $60 for single-day events….
Products-completed Operations Coverage: What It Is & Who Needs It
Products-completed operations coverage is a part of a general liability policy that pays for injuries or property damage caused by a business’s products or operations. It is essential for contractors, service providers, and businesses that manufacture, distribute, or sell goods. Typically, a small business can get a general liability policy that covers products-completed operations for…
16 Common General Liability Insurance Exclusions
General liability insurance covers accidents and mishaps that can happen during the course of business operations. While most accidents are covered, there are exclusions to general liability policies that you should be aware of so that you can try to avoid instances not covered or get additional insurance to protect your business. It’s important to…
What Is Premises Liability Coverage?
Premises liability coverage is an insurance policy that pays claims for accidents involving guests that take place on your business property. By law in all states, an owner of property must make reasonable efforts to make sure that those visiting the property are entering a safe environment. To understand why premises liability coverage might be…