Ocean marine insurance is a group of policies business owners need when their operations involve maritime activities like shipping items via foreign or domestic waters. Policies can cover the cargo, the ship, or the shipowner’s liability when operating the vessel. Ocean marine insurance for cargo typically costs 0.1% to 2% of the cargo’s value. The…
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Food Truck Insurance Cost, Coverage & More
Food truck insurance uses several different insurance policies to cover food trucks, other business property, employees, and other liabilities. Most food truck businesses need more than one type of insurance coverage, including commercial vehicle insurance and general liability. Basic food truck insurance costs start around $2,000 annually but increase significantly for broader coverage. Food truck…
Trade Show Insurance: Cost, Coverage & Providers
Trade show insurance is a specialized liability policy for exhibitors during a trade show or expo. Trade show producers expect to be named insureds on policies that typically have a minimum of $1 million in liability protection. Single event costs start at $150, but businesses that participate in many shows every year may save with…
Products-Completed Operations Coverage: What It Is & Who Needs It
Products-completed operations coverage pays for injuries and property damage caused by a business’ products or operations. This coverage is included in standard general liability insurance and is essential for contractors, service providers, and businesses that manufacture, distribute, or sell goods. Products-completed operations coverage usually costs from $400 to $600 annually as part of a general…
Semi Truck Insurance: Cost, Coverage & Quotes
Semi truck insurance, also called owner-operator truck insurance, is a blanket term for a collection of policies for commercial truck drivers. Many of these policies cover truckers’ legal liabilities in different situations, such as hauling cargo or non-business driving. Owner-operators can expect to pay between $8,000 and $12,500 per year for truck insurance. At a…
19 Insightful Insurance and Insurance Industry Statistics
They say you can’t put a price on peace of mind—but that’s not the case if you look at insurance costs! The insurance industry is a cornerstone for businesses, homeowners, and everyday consumers. Check out these insurance statistics to see just how this industry is growing and changing. 1. Life & health insurance account for…
California Workers’ Compensation Insurance: Top Providers & Rules
California law requires every business with one or more employees to carry workers’ compensation insurance. California workers’ compensation insurance covers employee expenses due to work-related illness or injury and pays their lost wages. Employees who need workers’ comp can expect to pay between $0.40 and $19.68 per $100 of payroll expense. If you need workers’…
6 Best Commercial Property Insurance Companies 2019
The best commercial property companies offer tailored policies meeting the unique needs of business owners. Policies include owner-occupant, landlord risks, tenant risks, and various business property risks. We reviewed more than 20 of the top commercial insurance companies and narrowed it down to the top six based on their ability to serve small business owners….
Security Guard Insurance: Definition, Cost, Features, & Providers
Security guard insurance covers security companies and sole proprietors for general liability, professional liability, business property, and workers’ compensation. While a security guard company can get all policies at one carrier, there are multiple policies that make up security guard insurance. The total minimum premium for all required policies starts around $6,000 annually. Security Guard…
Nevada Workers’ Compensation Insurance: Top Providers & Rules
Workers’ compensation insurance is state-mandated coverage that pays expenses associated with on-the-job injuries and occupational illnesses. Workers’ comp typically covers partial lost wages, medical bills, and survivor benefits. In Nevada, employers are required to carry workers’ comp when they have one or more employees and costs between $0.71 – $8.88 per $100 of payroll. The…
Maryland Workers’ Compensation Insurance: Providers, Rules & More
Workers’ compensation laws in Maryland requires any employer with one or more employee maintains a workers’ compensation policy to pay costs associated with employees getting hurt performing job duties. Maryland is a competitive state where the state fund, Chesapeake Employers’ Insurance Company competes with private carriers. We recommend The Hartford for any small businesses that…
Oregon Workers’ Compensation Insurance: Top Providers & Rules
Workers’ compensation insurance is a policy that pays for employees’ medical bills and lost wages if they suffer work-related injuries or illnesses. Oregon laws make business owners get coverages when they have one or more full- or part-time employee. Oregon employers typically pay between $0.83 – $10.46 per $100 of payroll for workers’ comp. The…
