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 around $600 to $2,400 per vehicle. Any…
7 Best Small Business Insurance Companies
The best small business insurance companies offer core policies like general liability, plus a broad range of additional coverages that many small businesses need. Additionally, the top companies can offer affordable premiums and have excellent financial ratings that show policyholders can trust them to pay claims. Our picks for the best insurance for small businesses…
6 Cheapest General Liability Insurance Companies for Small Business
Business owners want to protect their assets, but insurance can be expensive. Unfortunately, cheaper insurance often means more limited coverage. We evaluated 15 companies to figure out which ones offer the best general liability insurance at a low cost for small businesses without sacrificing coverage. The best companies for cheap general liability insurance are: :…
Restaurant Insurance Coverage, Costs & Providers
Restaurant insurance protects owners from a variety of business-related losses, such as lawsuits, property damage, data breaches, or employee injuries. Different policies cover different types of loss, but one coverage common to most restaurants is general liability. A small, limited-service restaurant can usually get general liability insurance for about $1,000 to $2,000 annually. Finding reasonably…
North Carolina Workers’ Compensation Insurance: Top Providers, Rules & More
North Carolina workers’ compensation laws make coverage mandatory for employers with three or more employees. This includes minors and undocumented workers. On average, business owners pay around 97 cents per $100 of payroll for their workers’ comp insurance, which makes North Carolina tied for 12th for the least expensive for workers’ comp. Even if workers’…
Gym Insurance: Cost, Coverage & Providers
As a gym owner, you have more risk than many other businesses because your operations include engaging people in strenuous exercise. Gym insurance covers the costs associated with injuries and lawsuits. Annual gym insurance costs depend on the specific policy you’re buying. For example, general liability insurance is usually between $500 to $2,000 per year…
20 Insightful Insurance Statistics
People might think that insurance is boring, but the industry is a cornerstone for businesses, homeowners, and everyday consumers. Check out these insurance statistics to see just how this industry is growing and changing. 8 Insurance Industry Statistics About Premiums They say you can’t put a price on peace of mind. Clearly, they’re wrong because…
6 Best Ecommerce Insurance Companies
Small business owners want to work with reliable ecommerce insurance carriers that offer quality coverage at an affordable rate and can scale with their business. We compared more than 15 carriers on criteria, including costs, policy options, and online features to come up with the six best ecommerce insurance companies. Top 6 Ecommerce Insurance Companies…
10 Tips for Lowering Workers’ Comp Premiums
Workers’ compensation insurance is one of the most expensive policies small business owners can buy. Depending on their state, industry, and other factors, some business owners may pay as much as $80 per $100 of payroll for coverage. However, you can take steps to reduce your costs. Here are 10 tips for lowering your workers’…
Landscaping Insurance: Definition, Cost & Providers
Landscaping insurance, or lawn care 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. Landscapers’ general liability insurance starts around $500 per year. However, most landscapers need additional policies, and that increases the overall…
What Is an Additional Insured?
Additional insured endorsements are amendments to insurance policies that extend limited coverage to entities not already named on the policy. Typically, the additional insured is a person or organization that could benefit from the protections the policy offers like companies that hire contractors. As an additional insured, the hiring company is protected if the contractor…
Cyber Liability Insurance: Cost, Coverage & Who Needs It
Cyber liability insurance protects businesses from losses or damage caused by cyberattacks and data breaches. These expenses can include data restoration, extortion, legal fees, and regulatory fines. Costs vary depending on your risk factors and the coverage you choose, but small businesses with moderate risk can usually pay between $900 and $1,200 per year for…