Small business owners who sell or serve alcohol need to ensure they have the best protection in place. We researched over 20 insurance providers using our evaluation system focusing on financial stability, policies offered, customer satisfaction, and convenience to find the six best companies offering liquor liability insurance. : Best overall : Best for bundling…
Special event insurance is a liability insurance policy for a business, vendor, or individual hosting an event. The policy provides coverage for injuries and damaged property, with additional options such as weather cancellation. Special event insurance is a one-time payment policy, with the average cost being $277. If you need a quick and easy way…
Commercial crime insurance is an insurance policy for losses to your business from criminal acts, such as employee dishonesty or third-party fraud. Commercial crime can be bundled with existing coverage or purchased as a standalone policy. Standalone crime insurance generally costs on average between $650 to $2,500 yearly. Small business ownership has an inherent crime…
Vacant home insurance covers unoccupied homes for an extended period, and it typically costs 50% to 60% more than your traditional home insurance policy averaging around $2,170 yearly. Empty home insurance costs more than traditional home insurance because unoccupied properties have a higher risk of exposure to weather damage, theft, and vandalism. We evaluated several…
Key man insurance, or key person insurance, is life insurance coverage a business takes out for an individual employee who is crucial to the financial success of the company. The business purchases the policy, pays the premiums, and is the beneficiary in the case of the death or disablement of the key person. A 20-year…
Employment practices liability insurance (EPLI) is insurance to protect a small business from liability arising out of its employment practices as it relates to its employees. Claims against the business for wrongful termination, sexual harassment, or gender discrimination are examples of employment practices that EPLI covers. Small businesses can purchase EPLI as a standalone policy…
Vacation rental insurance protects your home from risks associated with renting it to others. The policy is similar to a homeowner’s, providing coverage for the structure, contents, and liability while also providing income loss. Vacation rental policies can range from $1,500 to $2,500 a year. For a quick quote, tailored for your specific property, consider…
Every state except for Texas and South Dakota requires businesses to carry workers’ compensation insurance. Workers’ compensation insurance covers medical bills, rehabilitation costs, and lost wages for employees injured on the job or who experience a work-related illness. The price can vary depending on your business’s location, industry, and payroll. Typically, it costs $500 to…
