Small business insurance coverage are policies that protect a business and its assets against claims—such as fire, theft, customer slip and fall, workers’ compensation, professional errors, and data breaches. It can be a single policy, such as general liability, or a combination of policies, such a business owner’s policy (BOP), commercial auto, and workers’ compensation….
Insurance
6 Best Small Business Insurance Companies
The best small business insurance companies offer multiple policies with tailored coverage and robust customer service, such as 24/7 claims availability and instant access to a certificate of insurance (COI). Managing your policy and getting answers to your questions are easy with a great insurance company—and we evaluated 19 based on financial stability, policies offered,…
Personal Trainer Insurance: Cost & Coverage
Personal trainer insurance refers to a policy or group of policies designed to protect a personal trainer’s business assets. One policy almost all trainers need is general liability, which covers the costs of common lawsuits business owners face. Additionally, personal trainers should consider professional liability, which, when bundled with general liability, may cost around $700…
16 Common General Liability Insurance Exclusions
Exclusions are provisions in the insurance policy for events, acts, types of damage, property, or locations that are not covered. While general liability insurance covers accidents and mishaps that can happen during business operations, there are general liability exclusions in policies that you should be aware of so that you can try to avoid instances…
Best Cleaning Business Insurance Companies
The best cleaning business insurance companies offer convenience for quoting and policy management and 24/7 services when you need them. They also have a strong liability policy that can be customized to fit your job requirements. After surveying over a dozen leading insurers by using our proprietary rubric focusing on financial stability (AM Best); customer…
What Is Products-completed Operations Coverage?
Products-completed operations coverage pays for injuries or property damage caused by a business’ products or operations. As a subset of general liability, businesses can either get this coverage through their general liability policy, a business owner’s policy (BOP), or a standalone policy. It is essential for contractors, service providers, and businesses manufacturing, distributing, or selling…
What Does General Liability Insurance Cover? A Closer Look
General liability insurance covers small businesses for financial losses due to third-party claims of bodily injury, reputational injury, or property damage to others. It is an essential liability coverage for all businesses, given that all businesses are exposed to these types of risks. If you’re looking for general liability insurance for your business, working with…
What Is a Surety Bond & How It Works
A surety bond is a financial coverage guaranteeing the performance of contractual obligations or legal compliance by the party who purchases it. A bond can be requested, legally required, or purchased to show reliability. Surety bonds can serve many purposes, but the ones available are dependent on the project and specific industry. The Hartford is…