Florida workers’ compensation insurance laws mandate business owners in most industries carry coverage when they have four or more employees. In construction, however, employers must have workers’ comp even if they have only one employee. According to the most recent data, Florida employers pay $1.43 per $100 of payroll annually for workers’ compensation. If you’re…
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What Is Property and Casualty Insurance? Costs, Coverage & How to Get
Property and casualty (P&C) insurance is designed to protect against two types of losses. The first type of loss is caused by damage to property you own like your business, home, or vehicles. The second type is loss you cause others, including damaging their property, harming their person or reputation, or causing them to lose…
Wisconsin Workers’ Compensation Insurance: Top Providers, Rules & More
In Wisconsin, workers’ compensation insurance laws require most employers with three or more employees to carry coverage. That seems simple enough, but laws add other situations where business owners must cover employees, making workers’ comp insurance nearly universal in the state. The cost is anywhere between 19 cents and $20 per $100 of payroll annually,…
Workers’ Comp Insurance for Self-employed: Cost & Carriers
Workers’ compensation insurance, while not required, is a good idea for the self-employed. Solopreneurs in high-risk industries like construction can suffer injuries that result in medical bills and lost income. Workers’ compensation insurance for self-employed covers these expenses. Solopreneurs can expect to pay at least $250 per year for self-employed workers’ compensation insurance. Rather than…
6 Best Commercial Auto Insurance Companies 2020
Small business owners who need commercial auto insurance should look for reliable providers that can offer quality coverage at an affordable rate and that can scale with their business. We compared more than 12 carriers on criteria including costs, policy options, and additional features to determine the six best commercial auto insurance companies. Top 6…
What Is a Waiver of Subrogation?
A waiver of subrogation is an endorsement policyholders get to prohibit their insurers from recovering funds paid in a claim from the people who are ultimately deemed responsible for the loss. Contractors often opt for these waivers when they work onsite for a client because they minimize the likelihood of prolonged lawsuits if something goes…
Commercial Package Policy: What CPP Insurance Is & How It Works
A commercial package policy (CPP) is an insurance policy that bundles coverage for various risks and allows business owners to truly tailor their protection. CPPs often combine general liability with property coverage. Costs vary widely based on selected policies and coverage amounts, but getting CPPs usually saves business owners up to 10% on annual premiums….
Surplus Lines Insurance: The Ultimate Guide
Surplus lines insurance is coverage developed by nonstandard carriers that’s designed to cover particularly risky operations. Because they cover riskier operations, surplus lines are usually more expensive than standard policies. How much surplus lines insurance costs depends largely on the specific policy, the nature of the risk, and the carrier offering the policy. What Is…
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…
9 Best General Liability Insurance Companies 2020
Small business owners want to work with general liability insurance companies that are reliable and can offer quality coverage at an affordable rate. We compared more than 20 carriers on criteria such as costs, policy options, and online availability to come up with the nine best general liability insurance companies. Top General Liability Insurance Companies…
Limousine Insurance: Costs, Coverage & Top Providers
Limousine insurance protects your business from risks that come with being a driver, such as injury to your passengers. State laws mandate livery drivers carry a minimum amount of liability insurance, but drivers can add optional coverage to further protect their businesses. Costs depend on what coverage you get, with annual premiums ranging between $5,000…
CPA Insurance for Accountants: Cost, Coverage & Providers
Certified public accountant (CPA) insurance generally refers to the common types of policies bookkeepers, tax preparers, and accountants professionals need. The primary coverage accountants need is professional liability insurance to pay for their legal fees if clients accuse them of negligence. Insurance for accountants typically costs between $500 to $1,000 annually. Getting the right insurance…
