Most business owners know that workers’ compensation covers employees when they’re injured on the job. However, they may not know that most policies also pay their legal fees if an employee decides to sue for their injuries. Understanding workers’ compensation coverage can come in handy should you ever have to file a claim. Key Highlights:…
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Florida Workers’ Compensation Insurance: Top Providers, Rules & More
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…
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 at $1.63 per $100 of payroll annually, depending on job descriptions….
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…
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….
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…
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…
Personal Trainer Insurance: Cost, Coverage & Providers
Personal trainer insurance usually refers to a group of business policies designed to protect a personal trainer’s assets. One common policy for trainers is commercial general liability, which covers third-party bodily injury, property damage, and reputational harm. However, most trainers need other types of insurance, so personal trainer insurance costs between $175 to $1,600 annually….
What Is Personal and Advertising Injury Coverage?
Personal and advertising injury coverage, included in commercial general liability insurance, protects your business against claims typically involving an infringement on a third party’s personal or intellectual rights. It can cover libel, slander, and copyright infringement. Coverage provides defense up to your personal and advertising injury coverage limits, in the event of a claim. What…
Missouri Workers’ Compensation Insurance: Top Providers, Rules & More
Missouri workers’ compensation requires employers with five or more employees to carry insurance for injured employees’ medical bills and lost wages unless they’re in construction. In that case, employers must have workers’ comp if they have even one employee. Workers’ comp premiums in Missouri are at $1.09 per $100 of payroll. Finding workers’ compensation insurance…