Typically, you cannot file a lawsuit against your employer when you have a work-related injury covered by workers’ compensation. Workers’ comp laws in every state include an exclusive remedy provision that protects employers from employee lawsuits as long as their business has a valid policy in place. However, there are situations that override this protection…
Insurance
Contractors Insurance Cost & Coverage
Contractors insurance is a policy, or combination of policies, that protect your business from financial harm. This can come from damage or theft of your property or claims by others that during the course of your business, they were harmed or had property damaged. General liability and workers’ compensation are the most common policies. Contractor…
6 General Liability Limits Every Business Owner Should Know
Commercial general liability limits refer to the maximum amount of money an insurance company will pay out on a policy per policy period. The limits are defined in the policy and are listed on the declarations page. Understanding these limits is important for ensuring that you have enough coverage in any given area and are…
6 Best Insurance for Contractors
The best companies for contractor insurance include Next Insurance and Simply Business. The leading insurers offer customized policies that reflect the specific risks of the industry, risk management, 24/7 emergency lines and, most importantly, the ability to change, update, and create a certificate of insurance (COI) as quickly as possible. Using our proprietary rubric, we…
New York Business Insurance: General Liability & More
Every small business owner in New York, the third-largest state economy in the United States, needs business insurance to protect their financial assets. The Empire State requires workers’ compensation for all employees, whether they are part time or full time, and a commercial auto policy for businesses with a dedicated vehicle. Important policies to get…
6 Best General Liability Insurance Companies
The best general liability insurance companies offer a general liability policy with robust limits and endorsements that tailor the policy to a business’s specific industry. They also provide great customer service, convenience, quotes, and additional services, such as an instant certificate of insurance (COI). Using our proprietary rubric that considers financial stability, customer satisfaction, convenience,…
Semi-truck Insurance: Costs, Coverage & Requirements
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, such as hauling cargo or nonbusiness driving. Owner-operators can expect to pay anywhere from $3,000 to $16,000 per year for truck insurance. Whatever…
What Is Premises Liability Insurance Coverage?
Premises liability coverage is an insurance policy that protects business owners from claims of injuries and property damage sustained while on the business premises. By law in all states, an owner of property must make reasonable efforts to ensure that visitors are entering a safe environment. If someone gets hurt on the property, then the…