Insurance for veterinarians covers the risks of caring for animals, dealing with pet owners, and running a medical facility. It also helps a veterinarian if their property is damaged and they need to file a claim. It is a combination of multiple policies, including veterinarian liability insurance, malpractice, commercial property, and animal bailee insurance. The…
Insurance
Photography Insurance Costs & Coverage, Free Release
Photography insurance coverage is a policy, or combination of policies, that protects your photography or videography business from claims of negligence or damage to your equipment and property. For equipment, inland marine is the most important coverage, and this can cost $200 to $2,500 annually. General liability insurance, the most common insurance policy for a…
Cyber Liability Insurance: Cost & Coverage
If your business is the victim of a cyberattack, you will have to deal with costly expenses, such as paying for data restoration, investigations, customer notifications, regulatory fines, and legal fees. Cyber liability insurance can help mitigate the cost of the incident and provide legal counsel and defense. Cyber insurance premiums can range from $250…
Pennsylvania Business Insurance: General Liability & More
While the Keystone State played an important part in early American history, small businesses are an important part of its economy. Pennsylvania business insurance is crucial to providing financial help when a business has damage or faces a liability claim. Some key Pennsylvania small business insurance policies are workers’ compensation, general liability, professional liability, and…
How Is a General Liability Premium Calculated?
Insurers calculate general liability insurance premiums using several key factors, including industry codes, gross revenue, claims history, and geographic location. Each factor is important, and even within the same industry, one difference, such as gross sales, can greatly impact the cost. Given, it’s not an unreasonable question why the business next door pays significantly less…
Dance Studio Insurance: Cost, Coverage & Providers 2024
Dance studio insurance can either be a policy, or combination of policies, that protects your business against liability claims and first-party losses. The best policy for dance studios is a business owner’s policy (BOP), which combines liability and property. Dance instructor insurance policies for private dance instructors or independent contractors are general liability and professional…
Life Coach Insurance: Cost, Coverage & Providers 2024
Life coach insurance is professional liability coverage, or additional coverages, that protects your business from losses by helping provide defense and settlement of the claim. As a professional who offers advice as a service, professional liability insurance is the most important—but not the only—coverage to consider. A business owner’s policy (BOP) offers additional protection for…
46 Key Insurance Statistics In The Industry: Premiums, Claims & More
Insurance is a global business that significantly impacts economies, businesses, and individual lives. And, of the 33.2 million small businesses in the United States, 7 million currently depend on commercial insurance to continue operations. Inflation and natural disasters contributed to significant losses for the insurance industry and fraud continues to siphon off hundreds of billions…