Workers’ compensation insurance costs depend on many factors, such as state regulations, payroll, and industry, so it’s difficult to pinpoint an exact premium without considering all of your business’ characteristics. Employer costs for employees’ compensation among civilian workers averaged $39.01 per hour worked as of March 2021, according to a . Those in less-risky industries…
Landscaping insurance, or lawn care insurance, is a group of policies that protect a landscaping 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 at around $2,200 per year. However, most landscapers need additional policies, and that increases…
Semi truck insurance, also called owner-operator or commercial truck insurance, is a blanket term for a collection of policies for truck drivers. Many of these policies cover truckers’ legal liabilities in different situations like hauling cargo or nonbusiness driving. Owner-operators can expect to pay between $8,000 to $12,500 per year for truck insurance. Whatever commercial…
Electrician insurance refers to policies that protect against financial loss resulting from property damage, workplace injuries, income loss, and vehicle accidents in work trucks. Electricians may need multiple policies to provide full coverage but can save by using a business owner’s policy (BOP). Electrical contractors usually pay an annual average of $500 to $1,006 for…
General liability insurance, also known as business liability insurance, covers businesses for financial losses due to third-party claims of bodily injury, reputational injury, or property damage to others. It’s an essential liability coverage for all businesses, given that all businesses are exposed to these types of risks. If you’re looking for general liability insurance for…
Interior designer insurance is a business owner’s policy (BOP) that offers affordable coverage for property damage and personal injury, with costs averaging $1,500 annually. Interior designers should also consider professional liability coverage, with minimum costs at $1,200 per year, as well as commercial auto insurance ranging from $1,000 to $4,500 per year. The Hartford is…
Every commercial general liability insurance policy has defined limits set forth in the policy and on the declarations page. Understanding these limits is important for making sure that you have enough coverage in any given area and are adequately insured against risk. Here’s a look at the six defined liability limits in a general liability…
As a business owner, you need to be prepared for anything and everything. Accidents could happen that you are liable for, which might cost thousands of dollars. Without general liability insurance, you’d have to pay those claims out of your pocket. Fortunately, a general liability insurance policy can mitigate those expenses when they arise. Even…
