Workers’ comp insurance for self-employed is a policy business owners buy for themselves in case they’re injured while performing job duties. The policy pays for lost wages and related medical bills, allowing the self-employed business owner to keep their business afloat while recuperating. Most self-employed contractors should strongly consider purchasing this policy. Simply Business, a…
Handyman insurance is a combination of policies, the most common ones being commercial property and general liability. These coverages provide protection for your business against property loss and legal fees if you’re sued for injuries, have to pay for property damage, or replace your property. General liability and commercial property handyman insurance costs anywhere from…
An experience modification rate (EMR) is a multiplier insurance companies use to help set workers’ compensation premiums. Insurers determine your EMR by looking at your workers’ comp claims history and potential for future injuries compared to others in your industry. Businesses with lower EMRs pay less for workers’ compensation insurance. EMRs commonly range from 0.48…
A certificate of insurance (COI), sometimes called a certificate of liability insurance, is a one-page document that summarizes your coverage and can be shared as proof of insurance. It includes policy details like your specific coverage, limits, and effective dates, but it isn’t an insurance contract. Companies often require businesses they partner with to carry…
Auto repair shops, dealerships, tow truck drivers, and service stations need garage liability insurance. This policy carries similar coverage to general liability—with provisions for third-party bodily injury and property damage from garage operations and vehicles in the business’ care, custody, or control. The annual garage insurance cost typically ranges from $1,150 to $2,300. Providers like…
CoverWallet is an online business insurance brokerage that connects small businesses with more than 10 top-rated carriers to provide multiple insurance options. It’s licensed to offer insurance in all 50 states and has an online account that allows users to manage all their policies in one place. In our evaluation of the best brokers for…
Whether you’re an owner-operator or work for a trucking fleet, you should have the right coverage for your truck, trailer, and cargo matter. We understand the importance of a positive experience when filing insurance with the United States Department of Transportation (DOT), support services when there’s a claim, and quick, easy access to your policy….
Insurance policies are contracts—and insurance endorsements are amendments to the contract that legally change the coverage provided in the policy. An endorsement, sometimes called an insurance rider, either broadens or restricts coverage and gives policyholders the freedom to customize their insurance for an additional cost at any point during the policy term. How Insurance Policy…
