Home-based business insurance protects business owners working out of their homes for claims arising from third-party liability, property damage, and more. The most common types of home office insurance are general liability and commercial property insurance. When getting both types, the typical cost of home business insurance ranges from $750 to $1,500 per year. Home-based…
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Builder’s Risk Insurance: Definition, Cost & Providers
Builder’s risk insurance provides financial protection for building projects while they are under construction or renovation. Policies cover fire, theft, vandalism, and weather. Builder’s risk insurance costs typically range between 1% and 4% of the total construction costs, or around $1,000 to $4,000 per $100,000 of construction costs depending on the project details. CoverWallet offers…
Business Interruption Insurance: Cost, Coverage & Providers
Business interruption insurance, or business income insurance, covers a business’ lost income after operations cease resulting from covered damage. Covered damage includes fire or wind and is found in the business property insurance policy. Pricing varies, but business interruption insurance typically ranges from $500 to $1,500 per year. Business income insurance is often an extension…
General Liability Insurance vs Business Owner’s Policy
General liability insurance and a business owner’s policy (BOP) both cover the costs associated with third-party claims of physical injuries, property damage, and advertising injuries. However, a BOP includes added protection of commercial property insurance for your business’ physical assets. BOPs are a good option for small businesses looking to bundle their insurance for savings….
6 Best Ecommerce Insurance Companies for 2019
Small business owners want to work with ecommerce insurance companies that are reliable, can offer quality coverage at an affordable rate, and can scale with their business. We compared more than 15 carriers on criteria including costs, policy options, and online features, to come up with the top six ecommerce insurance companies. Top 6 Ecommerce…
Workers’ Comp Insurance for Self-employed Individuals: The Need, Cost & Carriers
Workers’ compensation insurance, while not required, is a good idea for the self-employed. Solopreneurs face the chance of injury that can result in medical expenses and loss of income. Workers’ compensation insurance for self-employed covers these expenses. Solopreneurs can expect to pay at least $250 per year for self-employed workers’ compensation insurance. Rather than waive…
Public Liability Insurance: Cost, Coverage & Quotes
Public liability insurance is the term used in the United Kingdom for what United States agents call general liability insurance. U.K. policies cover claims your business caused another party’s injury or property damage. There is a U.S. public liability policy that costs approximately 10% less than general liability insurance but offers limited coverage. To protect…
Health Insurance for Small Business: Cost, Features & Providers
Many insurance service providers manage small business health insurance for owners and their employees at affordable rates. Companies with as few as one staff member can offer health insurance benefits similar to what corporate enterprises provide. In fact, the best health insurance for small businesses is often available through companies offering human resource and payroll…
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9 Best Workers’ Compensation Insurance Companies 2019
The best workers’ compensation insurance companies in 2019 provide more than just excellent coverage. They seek to train employers on safety and make the process of buying and paying for workers’ compensation insurance easy. We reviewed 25 top-rated workers’ compensation carriers to give you the best nine from which to choose. Top Workers’ Compensation Insurance…
Business Car Insurance: When Is It Needed?
Business car insurance covers claims resulting from accidents involving vehicles used by your business. Coverage commonly includes liability protection for bodily injury and physical damage but may also include coverage such as collision and medical payments. Depending on the carrier, company car insurance costs $600 to $2,400 per vehicle annually. Consider Progressive Commercial for your…
Business Insurance for Startups: Cost, Coverage & Providers
Business insurance for startups refers to several potential insurance policies that protect a startup’s assets, investors’ interests, and employees. At a minimum, startups need general liability and business property but may also need policies such as workers’ compensation, professional liability, and key man insurance. A business owner’s policy (BOP) combines these with prices starting at…
Q&A Interview With CoverWallet CEO & Co-founder Inaki Berenguer
CoverWallet is a leading innovator for online commercial insurance services. Recognized as a global startup leader by CNBC and featured as an Upstart 100, CoverWallet uses easy-to-understand web applications combined with analytics, and technology to help small business owners get the right insurance quickly and without hassles. The CEO, Inaki Berenguer, is no stranger to…
