Workers’ compensation insurance is required in most states to cover medical bills, rehabilitation costs, and lost wages for employees who get injured or experience a work-related illness. Costs vary depending on factors such as your business’ location, industry, and payroll. Typically, small business owners pay $450 per employee in annual workers’ compensation premium. Getting affordable…
Key Man Insurance: Cost, Coverage & Providers
Key man insurance is life and disability that benefits a business if an important employee, like an owner or founder, dies or becomes disabled. The business buys the policy, pays the premiums, and receives the payout in case of injury, illness, or death. A $100,000 policy for key man insurance starts at $100 per month….
Florida Workers’ Compensation Insurance: Top Providers, Rules & More
Florida workers’ compensation insurance laws mandate business owners in most industries carry coverage when they have four or more employees. In construction, however, employers must have workers’ comp even if they have only one employee. According to the most recent data, Florida employers pay $1.30 per $100 of payroll annually for workers’ compensation. If you’re…
Wisconsin Workers’ Compensation Insurance: Top Providers, Rules & More
In Wisconsin, workers’ compensation insurance laws require most employers with three or more employees to carry coverage. That seems simple enough, but laws add other situations where business owners must cover employees, making workers’ comp insurance nearly universal in the state. The cost is at $1.58 per $100 of payroll annually, depending on job descriptions….
HVAC Insurance: Types, Costs & Where to Find
HVAC insurance refers to a group of policies business owners in the heating, ventilation, and air conditioning industry are often required to buy. While most states only require bonds, HVAC companies may also need general liability, workers’ compensation, and commercial auto. HVAC insurance costs start at $350 but can exceed $10,000 for large companies. HVAC…
CPA Insurance for Accountants: Cost, Coverage & Providers
Certified public accountant (CPA) insurance generally refers to the common types of policies bookkeepers, tax preparers, and accountants professionals need. The primary coverage accountants need is professional liability insurance to pay for their legal fees if clients accuse them of negligence. Insurance for accountants typically costs between $500 to $1,000 annually. Getting the right insurance…
What Is Personal and Advertising Injury Coverage?
Personal and advertising injury coverage, included in commercial general liability insurance, protects your business against claims typically involving an infringement on a third party’s personal or intellectual rights. It can cover libel, slander, and copyright infringement. Coverage provides defense up to your personal and advertising injury coverage limits, in the event of a claim. What…
Missouri Workers’ Compensation Insurance: Top Providers, Rules & More
Missouri workers’ compensation requires employers with five or more employees to carry insurance for injured employees’ medical bills and lost wages unless they’re in construction. In that case, employers must have workers’ comp if they have even one employee. Workers’ comp premiums in Missouri are at $1.04 per $100 of payroll. Finding workers’ compensation insurance…
15 Great Employee Wellness Program Ideas & Tips
Lifestyle plays an important role in our health, and one way employers can partner with employees in this endeavor is by creating an active employee wellness program. The fact is that there are many different approaches to wellness. We’ll help you narrow the list to what we view as best practices in this arena. Our…
Professional Liability Insurance: Cost, Coverage & Providers
Professional liability insurance, also known as errors and omissions insurance, covers claims that a business made mistakes or was negligent when providing expert advice or professional services. The cost of professional liability starts around $400 but can exceed $8,000 annually depending on several factors, such as industry type and coverage limits. Getting the right errors…
Washington Workers’ Compensation Insurance: Laws, Rules & More
Workers’ compensation insurance is required in most states to pay employees’ medical bills and wage replacement after a workplace injury or illness. In Washington, workers’ compensation insurance is required for all employers with one or more employees. Washington is unique because it’s a monopolistic state, which means employers must purchase coverage through the state fund….
What Does General Liability Insurance Cover?
General liability insurance is a fundamental business policy covering risks inherent in most operations, namely harm to third parties. Many insurers write general liability on standardized forms, making coverage similar across carriers. Understanding standard general liability insurance coverage can help you manage risks and identify other necessary policies. Most business owners get general liability insurance…