Home-based business insurance protects business owners working out of their home for claims arising from third-party liability, property damage and more. The most common types of home office insurance are general liability and commercial property insurance. When getting both types, the average cost of home business insurance ranges from $750 to $1,500 per year. Getting…
All Insurance Articles - Page 12
Inland Marine Insurance: Coverage, Rates, & Quotes
Inland marine insurance covers products, equipment, and valuable goods as they are transported over land or stored at an off-site location. Unlike commercial property insurance, inland marine covers property while it is away from your main premises. The cost of inland marine varies, but it ranges from $300 to $1,000 per year for most small…
IT Insurance: Cost, Coverage & Quotes for IT Business Insurance
IT insurance is a collection of insurance coverages needed by consultants and businesses focused on delivering technology, computer, or IT services to protect against third-party liability claims. The two main tech insurance coverage types are professional liability and general liability insurance. The average cost of IT insurance ranges between $650 and $1,300 per year. The…
Food Vendor Insurance: Cost, Coverage & Certificates
Food vendor insurance refers to the types of insurance mobile food vendors need to protect their businesses against financial loss from liability claims. The most common types of food vendor insurance are general liability and commercial property. The cost for food vendor insurance averages $400 to $800 per year and costs for single events average…
Business Interruption Insurance: Cost, Coverage & Providers
Business interruption insurance, aka business income insurance, covers the lost income of a business that has to cease operations due to damage from a covered event under a property insurance policy, such as fire or wind. Pricing for coverage varies, but the average cost of business interruption insurance ranges from $750 to $1,200 per year….
Public Liability Insurance: Cost, Coverage & Quotes
Public liability insurance (PLI) covers claims arising from injury or property damage suffered by a member of the public on your premises or other locations where you work. Most United States businesses can get the same coverage in their commercial general liability policy. The cost of public liability insurance averages $400 per year for small…
Unoccupied & Vacant Home Insurance: Cost, Coverage & Quotes
You need vacant home insurance because your unoccupied property may be at risk of vandalism and weather damage. Generally, insurance providers consider a home to be vacant if it’s unoccupied for 30 to 60 consecutive days. The policy should contain liability, peril and vandalism coverage. The typical unoccupied home insurance cost is $1,842 or higher….
Builders Risk Insurance Definition, Coverage & Cost
Builders risk insurance provides financial protection for building projects while they are under construction or renovation. Coverage includes fire, theft, vandalism and extreme weather. The cost of builders risk insurance typically averages between one and four percent of the total construction costs and varies based on several factors, including type of project, location, and construction…
CPA Insurance for Accountants: Cost, Coverage & Providers
CPA insurance for accountants generally refers to the common types of insurance needed by bookkeepers, accountants, and certified public accountants (CPAs). The primary type of insurance accountants need is professional liability insurance, which covers claims arising from negligence or mistakes in delivering accounting services to clients. CPA insurance for accountants averages $500 to $1,000 per…
Vacation Rental Insurance: Cost, Coverage & Quotes
Vacation rental insurance covers your risks associated with potential damage to the short-term vacation property you rent out. Your policy should include coverage for the structure and contents of your vacation rental property as well as potential liability and loss of income. Typical policies cost $2,000 to $3,000, on average, per year. Top Vacation Rental…
Small Business Health Insurance — The Ultimate Guide
If you’re a business with fewer than 50 employees, providing small business health insurance to your staff is optional. There are many small business health insurance options available if you choose to offer it to attract new employees and to keep your current ones happy. However, if you have over 50 full-time employees, you are…
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Surety Bonds & How They Work
A surety bond is a contract between three parties known as the principal, surety, and obligee. Surety bonds financially guarantee that a principle will fulfill a predetermined set of obligations to an obligee. The “surety” is an insurance company or surety bond broker that provides the financial guarantee to the obligee on behalf of the…
