Travelers is the second-largest commercial insurer in the United States and is one of the oldest providers, having been founded in 1853. Its insurance products range from personal auto, home, and recreational vehicles to small to large business insurance. For business insurance, Travelers is the largest provider of workers’ compensation and has around 30,000 employees…
Insurance
What Are General Liability Insurance Class Codes in Business Insurance?
General liability insurance class codes, or classification codes, are numbers that insurers use to classify a business’ industry risk based on the primary type of work it performs. Insurance companies also use general liability class codes to determine the premium, offer the correct type of coverage, and decide on any exclusions, if necessary. How General…
Landscaping Insurance Cost & Coverage for Your Business
Landscaping insurance refers to a policy, or combination of policies, that protects your business assets against claims that your business was negligent and caused harm. Landscapers need coverage for third-party claims, employee injuries, and business property damaged by theft or vandalism. The most common lawn care business insurance policy is general liability, which can cost…
Chubb Business Insurance Review: Costs, Alternatives & More
Chubb is an insurance company offering personal auto, home, and small to large business insurance. Since it started over a century ago, it has grown from a small business insuring ships to a global provider offering insurance, including general liability, workers’ compensation, commercial property, and professional liability. It operates a dedicated page for small businesses…
Workers’ Compensation Insurance Cost: Formula & Factors Impacting It
It is difficult to provide an exact premium without considering all of the elements of your business. This is because workers’ compensation costs are calculated using a formula that draws on multiple data points—including payroll, state regulations, and industry. Your workers’ compensation premium is written as a dollar amount per $100 of your company’s payroll….
Daycare Insurance Costs, Coverage & Best Insurers
Daycare insurance is a combination of policies that give your business protection from claims of negligence or first-party losses. The two most common policies for childcare insurance are general liability and commercial property insurance. While the price can vary depending on coverage, a general liability policy can range from $495 to $1,480 for in-home childcare…
5 Best Nonprofit Insurance Companies
The best nonprofit insurance companies offer specialized coverage like management liability, broader definitions for insureds to include volunteers, access to umbrella coverage, and unique insights into the needs of the nonprofit sector. Using our proprietary rubric, we evaluated providers to find the five best nonprofit insurance companies: : Best overall for nonprofit insurance : Best…
Nationwide Business Insurance Review: Cost & Coverage
Nationwide Insurance is one of the largest and oldest insurance and financial services providers in the United States, founded in 1926. It offers personal auto, business, agricultural business (agribusiness), home, life, and pet insurance and insures more than 500,000 small businesses. You can start a quote online but will need to purchase the policy over…