Insurance policies are contracts—and insurance endorsements are amendments to the contract that legally change the coverage provided in the policy. An endorsement, sometimes called an insurance rider, either broadens or restricts coverage and gives policyholders the freedom to customize their insurance for an additional cost at any point during the policy term. How Insurance Policy…
Stop gap insurance is a policy to protect a business owner’s liability if their employee sues because of a workplace injury. Most workers’ compensation policies have employer liability insurance included automatically. However, some policies don’t have this protection, leaving business owners with a “gap” in their coverage—and stop gap insurance covers that gap. What Stop…
The best builders risk insurance companies can cover residential, commercial, and renovation projects, provide a certificate of insurance (COI), and offer risk control services. Using our proprietary rubric focusing on financial stability, customer satisfaction, convenience, and policies offered, we evaluated 16 different providers to determine the five best builders risk insurance companies. : Best overall…
Business owners working from home need home-based business insurance for losses arising from third-party liability and property damage. General liability and commercial property are the two most common types of home-based business insurance policies. The typical cost for both policies can range from $862 to $1,725 annually. How Home-Based Business Insurance Works Most homeowner policies…
Small business owners looking for commercial auto insurance should look for tailored coverage, opportunities for discounts, and responsive customer service. Using our proprietary rubric, we evaluated 17 commercial auto insurance carriers and looked specifically at financial stability, customer satisfaction, convenience, and the policies available. These are the five best providers of commercial auto insurance: :…
The best business insurance for limited liability companies (LLCs) helps preserve the business from financial loss, has flexible limits, and offers tailored coverage for your industry. To help you find the best one for your business, we evaluated 19 providers, focusing on financial stability, customer service, convenience, and the policies offered, while also factoring in…
Builder’s risk insurance is a specialized type of commercial property insurance available as a standalone policy or as an endorsement. It covers damage to a building project or renovation during construction and ends when the project is completed. Policies usually cover fire, theft, vandalism, and weather events, and costs range from 1% to 5% of…
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. Providers also offer first-party coverage for your vehicle like collision or comprehensive. Commercial auto insurance costs can range anywhere from $700 to $2,700 per car annually. Regardless of the…
