Handyman insurance refers to the liability and property coverage for unlicensed tradesmen. A handyman, at the very least, should have general liability, workers’ compensation, and equipment coverage in the event tools are lost or stolen. Sole proprietors with no employees should expect to pay approximately $1,500 annually for liability and equipment coverage. Finding the right…
Crime Insurance: Cost, Coverage & Providers
Crime insurance covers losses resulting from criminal acts, including employee dishonesty and third-party fraud. It covers an important gap in commercial property insurance. Most business owners need some crime coverage, but a few industries like retail and financial advisors face greater risk. Standalone crime insurance costs between $240 and $4,000. Hiscox has a commercial crime…
Pilates & Yoga Insurance: Cost, Coverage, & Providers
Yoga insurance can cover anything from a studio fire to student injuries to negligence claims. It’s simply a matter of selecting the policies that match your risks. Depending on the coverage and limits of your policies, the cost for Pilates and yoga teacher insurance can range from $100 to $400 per year. Whether you run…
2019 FICA Taxes, Unemployment Insurance, & Workers’ Comp for Owners
FICA (Federal Insurance Contributions Act) is a federal law that requires employers to withhold three taxes from their employees’ wages: 6.2% Social Security tax, 1.45% Medicare tax, and 0.9% for anyone who earns more than $200,000. In addition to FICA taxes, you must also cover unemployment taxes and workers’ compensation. If you’re looking for affordable…
Engineer & Architect Insurance: Cost, Coverage, & Providers
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…
6 Best Workers’ Compensation Insurance Companies 2019
Just because workers’ compensation insurance is required doesn’t mean every insurance carrier is reputable. Poor claims processes and service from a few give other carriers a bad rap. Don’t wait to see if your workers’ compensation carrier is great. We vetted more than 20 insurance carriers and narrowed it down to the top six providers….
Workers’ Compensation Insurance for the Self-employed
Workers’ compensation insurance, while not required, is a good idea for the self-employed. The chance of injury exists for the solopreneur with consequences being 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…
Medical Malpractice Insurance: Cost, Coverage & Providers
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….
10 Best Small Business Insurance Companies 2019
The best small business insurance companies offer basic policies, such as general liability, and a broad range of additional coverages that small business owners may need. We reviewed dozens of providers and narrowed them down to our top 10 based on key criteria like coverage types, customer service, and pricing. The Hartford: Best Overall Small…
Fitness Studio Insurance: Cost, Coverage, & Providers
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…
Business Insurance for Startups: Cost, Coverage & Providers
Small business insurance protects startups’ assets when misfortune strikes. General liability, for instance, covers third-party lawsuits. Commercial property insures their business equipment and office space. Startups can usually combine this coverage in a business owner’s policy (BOP). Most BOPs include business interruption coverage too. BOPs cost between $500 and $3,500 a year. Business insurance is…
Gym Insurance: Cost, Coverage & Providers
Gym insurance covers a gym’s elevated risks where liability increases due to people engage in strenuous cardio and weightlifting programs. Due to higher business risk, many commercial insurance providers offer business property coverage but may refer you to specialty liability providers. Costs start around $1,000 for property and $1,500 for general liability. There are so…
