A business liability waiver that outlines the risks and rights being waived and is in compliance with state law can help protect your business from lawsuits. While your business can still be sued, the waiver serves as part of your defense that the plaintiff waived their rights. However, there are cases where the waiver may…
Insurance
Insurance Broker vs Carrier: Which Should You Choose?
The main difference between an insurance broker vs carrier is that an insurance carrier creates and services the insurance policy, whereas a broker helps a customer find the best policy among multiple carriers at the best possible rate. Carriers are responsible for maintaining the insurance contract, or policy, and responding appropriately and in a timely…
What Is Personal and Advertising Injury Coverage?
Personal and advertising injury coverage protects your business against claims, typically involving an infringement on a third party’s rights or intellectual property. It can cover libel, slander, and copyright infringement. Coverage is included in a commercial general liability (CGL) policy and, in the event of a claim, provides defense up to your coverage limits. How…
6 Ways To Save Money on Business Insurance
Small business owners need insurance to protect their businesses but also need to protect the bottom line. The good news is it’s possible to find quality coverage at an affordable price. Start by identifying the right policies for your business and bundling any of those coverages. Then, compare providers’ offerings and look for any discounts….
Hiscox Business Insurance Review: Costs & Alternatives
Hiscox, an insurer focusing exclusively on insuring small businesses, has coverage for hundreds of professions. The company’s roots go back to 1901, but in the last 10 years, it has focused on offering insurance directly to policyholders via its online quote and bind system. Its primary offerings are general liability, professional liability, cybersecurity, and commercial…
Next Business Insurance Review: Policies & Alternatives
Next Insurance is a small business insurance company that sells policies directly to customers online while also working with agents. It offers the core coverages of general liability, professional liability, business owner’s policy, and workers’ comp insurance for more than 1,300 different types of businesses. Policies can be obtained online without speaking to anyone after…
Swim Instructor Insurance: Best Providers, Cost & Coverage
Swim instructor insurance is a policy providing liability coverage for someone who directly oversees training. The providers of this insurance sometimes lump swim instructors into “sports instructors,” which cover a range of athletic activities, so insurance options vary widely. Also, some insurers offer a policy that carries both general and professional liability insurance, but general…
Quick Guide to Workers’ Comp Insurance for Self-employed
Workers’ comp insurance for self-employed is a policy business owners buy for themselves in case they’re injured while performing job duties. The policy pays for lost wages and related medical bills, allowing the self-employed business owner to keep their business afloat while recuperating. Most self-employed contractors should strongly consider purchasing this policy. Simply Business, a…