All Insurance Articles - Page 17

Cargo insurance pays the value of shipments, up to coverage limits, when shipments are lost or damaged. Businesses that ship goods need cargo insurance, but those with infrequent shipments can get coverage for single shipments. Small business owners typically insure cargo through the shipper. This usually costs $.60 per $100 of the shipment’s insured value….

Architects and engineers need insurance to cover risks specific to their businesses, such as negligence claims for design flaws. While there’s no single engineer and architect insurance policy, business owners can match common commercial policies to their risks. Professional liability insurance and a business owner’s policy (BOP) usually costs $2,000 to $4,150 annually. Architects and…

Medical malpractice insurance is a professional liability policy designed for physicians and other medical professionals. Policies cover accusations that their negligence caused a patient’s injury or death. Medical malpractice insurance costs vary by state and specialty. Premiums start at $4,000 but can go up to $34,000 or more with typical costs around $10,000 per year….

Fitness studio insurance covers the company’s existing and future assets from accidental injuries, equipment theft, and lawsuits for misleading promises of fitness success. Several different policies such as general liability, workers’ compensation, and business property might be required to cover the most common risks. Fitness studio owners should expect to pay approximately $2,500 annually. Get…

Disc jockey (DJ) insurance isn’t a specific policy. The term refers to all the policies that protect professional DJs against business losses related to expensive equipment or stemming from interactions with hosts, party guests, and venues where they work. Depending on the carrier, DJ liability insurance typically costs between $200 to $400. makes getting DJ…

Interior designer insurance is a Business Owner’s Policy that offers affordable coverage for property damage and personal injury, with costs averaging $1,200 per year. Interior designers should also consider professional liability coverage, which costs about $1,735 per year, as well as commercial auto insurance at a cost of $750 – $1,200 per vehicle. The Hartford…

Electrician insurance refers to policies protecting against financial loss resulting from property damage, workplace injuries, income loss, and vehicle accidents in work trucks. Electricians may need multiple policies to provide full coverage, but can save using a Business Owner’s Policy (BOP). Electrical contractors usually pay an annual average of $500 to $1,006 for a BOP….

Media liability insurance is a type of specialized errors and omissions insurance. It protects authors; publishers or broadcasters; advertising or PR agencies; and other media professionals if they’re sued for defamation, invasion of privacy, plagiarism and related claims. Policies may cost as low as $500, but average around $2,500. We’ve reviewed five policies here. If…