Commercial crime insurance is a specialized coverage that pays for losses resulting from criminal acts, including employee dishonesty, and third-party fraud. It covers an important gap in commercial property insurance and is essential in certain industries that face a greater risk for crime, such as retail and financial advisors. Standalone crime insurance costs between $240…
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Ohio Workers’ Compensation Insurance: Rules and Coverage
Workers’ compensation insurance pays medical expenses and lost wages when employees are injured during work. In Ohio, workers’ compensation insurance can only be purchased through the Bureau of Workers’ Compensation, not through private insurers. Rates vary based on, payroll job descriptions and claims history, but there is a $120 application fee. Even though Ohio is…
Pilates & Yoga Insurance: Cost, Coverage & Carriers
Yoga insurance is a group of commercial policies that cover anything from a studio fire to student injuries to negligence claims. Each policy covers different risks associated with Pilates or yoga practices. Depending on the coverage types and limits you select, Pilates and yoga teacher insurance costs range between $100 and $400 per year. Whether…
Workers’ Compensation Insurance Requirements by State
Forty-nine states require most employers to carry workers’ compensation insurance. Texas is the only state that gives employers the choice to offer coverage. Rules vary, so it’s important to research workers’ compensation insurance requirements by state. Some states require workers’ comp for every business and others base the requirement on the number of employees. What…
Professional Liability Insurance for Nurses: Definition, Cost, Features & Providers
Professional liability insurance for nurses is coverage designed to protect those in the nursing profession against claims arising out of their duties. It covers accusations of errors and omissions in the course of a nurse’s work. Pricing options vary, but a typical professional liability insurance policy for nurses costs $80 to $1,000 per year. For…
Pennsylvania Workers’ Compensation Insurance: Top Providers, Rules, & More
Workers’ compensation insurance pays for employees’ medical costs and replacement income if they experience a work-related injury or occupational illness. Workers’ comp is required by law in most states. Pennsylvania requires employers with one or more employees to carry workers’ compensation, and they typically pay at $1.34 per $100 of payroll. Pennsylvania Workers’ Compensation Insurance…
How Much Does Business Insurance Cost?
Small business owners often wonder how much business insurance costs. It’s an important expense that protects against liability claims and covers business-owned property. Factors that influence the cost of business insurance vary widely, including industry, location, and number of employees. Small businesses can expect to pay between $400 and $3,200 annually, depending on coverage needs….
Indiana Workers’ Compensation Insurance: Top Providers & Rules
Indiana workers’ compensation laws require most employers to maintain insurance that covers medical payments and lost wages for employees who are injured on the job. However, Indiana is also consistently one of the least expensive states when it comes to purchasing workers’ compensation. Rates are at $0.75 per $100 of payroll. Getting workers’ compensation insurance…
Sports & Swim Instructor Insurance: Cost, Coverage & Providers
Sports and swim instructor insurance is a combination of policies that cover individuals who directly oversee the teaching and training of individuals and teams. Sports instructors can get general liability for as little as $120 per year with $1 million limits. Some insurers offer unique industry-specific policies that cover both general and professional liability. The…
Unoccupied & Vacant Home Insurance: Cost, Coverage & Providers
Vacant home insurance covers homes left unoccupied for extended periods of time. These properties have a higher risk for vandalism, theft, and weather damage when unoccupied for at least 30 consecutive days. Policies can cost up to three times what a homeowners policy costs, but a limited endorsement may only be $100 more per year….
Catering Insurance: Types, Cost, and Top Providers
Caterer’s insurance is designed to protect your business from liability while protecting your assets. It covers claims common to caterers such as serving food to customers, property damage and injuries to customers, and employee injuries. Pricing options vary for caterer’s insurance with a typical business owner’s policy (BOP) median cost at $845 annually. Caterers can…
Dance Instructor & Dance Studio 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. Whether you own a…