Commercial auto insurance covers accidents involving vehicles used or owned by your business. Third-party liability coverage for injuries and property damage is required in most states, but policies also can include first-party coverage such as medical payments and collision. For small business owners, annual commercial vehicle insurance costs $600 to $2,400 per vehicle. If you’re…
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What Is Commercial Truck Insurance?
Commercial truck insurance refers to a group of policies designed to protect businesses that use trucks. The types of coverage you need and how much they cost is determined by how trucks fit into your operations. Someone using a single box truck for deliveries requires fewer policies than a trucker who drives a semi. Top…
Who Needs Professional Liability Insurance?
The people who need professional liability insurance are usually business owners who make a living by providing advice or services to others. Because these individuals have specialized knowledge and present themselves as authorities, they are exposed to accusations that their mistakes led to financial losses for their clients. Professional liability covers these claims. How Professional…
Landscaping Insurance: Definition, Cost, Features & Providers
Landscaping insurance is a group of policies that protect your business’s assets. The most common lawn care business insurance policy is general liability, which pays for nonemployees’ injuries and property damage. Most businesses need other policies like property insurance and auto coverage. Landscapers’ general liability insurance starts around $400 per year. The policies you need…
6 Cheapest Commercial Auto Insurance Companies
Small business owners who need auto insurance want it at a competitive rate. However, the cheapest commercial auto insurance doesn’t necessarily provide the best coverage, so we looked at costs as well as policy options, online features, claims processing, and customer reviews to arrive at the six best commercial auto providers for the money. Top…
Garage Liability Insurance: Cost, Coverage & Providers
Garage liability insurance is a policy auto repair shops, dealerships, tow truck drivers, and service stations need. It covers third-party bodily injury and property damage caused by garage operations as well as vehicles in the business’s care, custody, or control. The annual cost of garage liability insurance typically starts between $300 to $1,000 annually. Providers…
Professional Liability Insurance: Cost, Coverage & Providers
Professional liability insurance, also known as errors and omissions insurance, covers claims that a business made mistakes or was negligent when providing expert advice or professional services. The cost of professional liability starts around $400 but can exceed $8,000 annually depending on several factors, such as industry type and coverage limits. Getting the right errors…
Washington Workers’ Compensation Insurance: Laws, Rules & More
Workers’ compensation insurance is required in most states to pay employees’ medical bills and wage replacement after a workplace injury or illness. In Washington, workers’ compensation insurance is required for all employers with one or more employees. Washington is unique because it’s a monopolistic state, which means employers must purchase coverage through the state fund….
Georgia Workers’ Compensation: Top Providers, Rules & More
Georgia workers’ compensation laws mandate employers with three or more employees must carry workers’ comp insurance to pay for employees’ medical treatment and lost wages when they experience a work-related injury or occupational illness. On average, Georgia employers can expect to pay between $2 and $2.49 per $100 of payroll for workers’ compensation insurance. Consider…
Product Liability Insurance Cost, Coverage & Providers
Product liability insurance covers a business’s responsibility for the products they make or sell. If a product causes harm, product liability pays the injured party’s medical or repair bills as well as the business’s legal fees. How much product liability insurance costs depends on your risk. Low-risk businesses pay an average of 26 cents per…
Contractors Insurance: Types, Costs & More
Contractors insurance refers to a group of policies that cover risks contractors typically face. For example, most contractors need general liability to cover claims they caused other people injury or property damage. They can usually combine this coverage with property insurance in a business owner’s policy (BOP) for about $400 to $700 per year. Applying…
Semitruck Insurance: Cost, Coverage & Quotes
Semitruck insurance, also called owner-operator or commercial truck insurance, is a blanket term for a collection of policies for truck drivers. Many of these policies cover truckers’ legal liabilities in different situations, such as hauling cargo or non-business driving. Owner-operators can expect to pay between $8,000 and $12,500 per year for truck insurance. At a…
