The difference between bonded and insured is that a bond serves the third party, whereas insurance can protect both the policyholder and claimants. Saying you’re bonded means you purchased a surety bond that offers a limited guarantee to an obligee (customer). Meanwhile, having insurance means you purchased an insurance policy, which usually will have a…
Your food truck is your restaurant on wheels and needs special insurance to keep your business moving. Combining a business owner’s (BOP) and commercial auto policies, it can be hard to find quality food truck insurance. We’ve researched 20 different providers to find the six best insurance for food trucks. These are the highest scoring…
The best cleaning insurance companies offer convenience for quoting and policy management, 24/7 services when you need it, and a strong liability policy. After surveying nearly a dozen leading providers by using our proprietary rubric focusing on financial stability, customer satisfaction, convenience, and policies offered, we’ve determined that these are the six best cleaning business…
Business insurance is any type of policy that protects a business and its assets against claims, such as fire, theft, customer slip and fall, workers’ compensation claims, professional errors, and data breaches. Costs vary, but a general liability policy can range from $350 to $1,900 annually, whereas a business owner’s policy can run from $500…
Daycare insurance is a standalone or combination of policies that give your business protection from claims of negligence or for first-party losses. The two most common policies for childcare insurance are general liability and commercial property insurance. While the price can vary depending on coverage, a general liability policy can range from $495 to $1,480…
Food vendor insurance are the types of policies food vendors need to protect their businesses from the financial loss of a claim. The average cost for the most common policy, general liability, ranges from $300 to $900, with a coverage amount of $1 million per occurrence, $2 million aggregate. Food vendors are a broad category…
Heating, ventilation, and air conditioning (HVAC) insurance is a group of policies that business owners and HVAC technicians are often required to buy. The core policies needed are liability and workers’ compensation—and the combination of these have premiums that run from $10,000 to more than $20,000 per year. Some states also require a surety bond….
Nanny insurance refers to policies for individuals who care for children in a residential setting and protects their assets by covering risks common to the profession. These risks all fall under liability, and general and professional liability are two of the most common policies. General liability insurance for babysitters typically costs anywhere from $300 to…
