Liquor liability insurance provides liability protection for businesses that sell and serve alcohol and helps with claims that come from intoxication. Whether the claim is for damage or injury, the business can be legally liable for providing alcohol to the intoxicated customer. Liquor liability can be expensive, with the cost potentially ranging from $200 to…
Insurance
Special Event Insurance: Cost & Coverage
Special event insurance is primarily a liability insurance policy for a business, vendor, or individual hosting an event. The policy provides coverage for injuries and damaged property, with additional options like weather cancellation. Unlike other insurance policies, special event insurance is a policy with one payment, with policies ranging from $100 to $400 for an…
6 Best Special Event Insurance Companies
If you are hosting or participating in an event, special event insurance protects you against guest injury, third-property damage, loss of gifts, and even cancellation. Using our evaluation system focusing on financial stability, customer satisfaction, convenience, and policies offered, we reviewed over a dozen insurers to find the six best event insurance companies. : Best…
Staffing Agency Insurance: Cost, Coverage & Companies
Staffing agencies need insurance that covers their assets and protects them from claims against the business. At a minimum, staffing agencies need commercial general liability (CGL) to cover third-party injuries and property damage—the premium for which can range from $250 to $1,000 annually. Professional liability is another important coverage for a staffing agency since it…
What Is Public Liability Insurance?
Public liability insurance protects a business if a third party, like a customer, claims they were injured or have property damage because of the insured business. In the U.S., public liability is an older form of liability that most insurance companies no longer offer, having rolled its coverage into the broader commercial general liability (CGL)…
5 Types of General Liability Claims & How to Avoid Them
Without commercial general liability (CGL) insurance, you’d have to pay for claims out of pocket. Fortunately, a general liability insurance policy can mitigate those expenses when they arise. However, when evaluating premiums and even determining insurability, insurers will consider a number of factors, including your claim history, so it is in your interest to do…
6 Best Liquor Liability Insurance Companies
Small business owners who manufacture, sell, or serve alcohol need liquor liability insurance. We researched over 20 insurers using our evaluation system focusing on industries covered, risk management services, financial stability, policies offered, customer service, and convenience to find the best liquor liability insurance companies. : Best overall : Best for restaurants : Best for…
Workers’ Compensation Dividend Plan, Qualifications & Types
A workers’ compensation dividend plan, or participating plan, is a way for employers to take part in the profits earned by their insurers. Basically, dividend plans reward employers for having fewer claims, and many employers choose them to save on their workers’ compensation insurance. How Workers’ Compensation Dividend Plans Work A workers’ compensation dividend plan…