Vacation rental insurance covers your risks associated with short-term vacation properties you rent out. Your policy should include coverage for the structure and contents of your vacation rental property and loss of income as well as your liability for other people’s damages. Typical policies cost around $2,000 to $3,000 per year. Vacation Rental Insurance Providers…
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The Difference Between Personal and Commercial Auto Insurance
The main difference between personal and commercial auto insurance is the type of driving they cover. While both policies pay for property damage and medical bills after a car accident, personal auto insurance does not typically cover business-related driving, making it the ideal option if your day-to-day operations don’t require a vehicle. Consider Progressive Commercial…
15 Craziest Things You Can Insure in 2019
Chances are you have car insurance. Probably health insurance, too. But do you have space debris insurance? What about alien abduction insurance? And how will you ever be protected against cyber extortion unless you have cyber extortion insurance? It turns out our increasingly risk-averse society is going bonkers with insurance policies. These days, almost anything…
Home-based Business Insurance: Costs, Coverage & Companies
Home-based business insurance protects business owners working out of their homes for claims arising from third-party liability, property damage, and more. The most common types of home office insurance are general liability and commercial property insurance. When getting both types, the typical cost of home business insurance ranges from $750 to $1,500 per year. Home-based…
Builder’s Risk Insurance: Definition, Cost & Providers
Builder’s risk insurance provides financial protection for building projects while they are under construction or renovation. Policies cover fire, theft, vandalism, and weather. Builder’s risk insurance costs typically range between 1% and 4% of the total construction costs, or around $1,000 to $4,000 per $100,000 of construction costs depending on the project details. How Builder’s…
Business Interruption Insurance: Cost, Coverage & Providers
Business interruption insurance, or business income insurance, covers a business’ lost income after operations cease resulting from covered damage. Covered damage includes fire or wind and is found in the business property insurance policy. Pricing varies, but business interruption insurance typically ranges from $500 to $1,500 per year. Business income insurance is often an extension…
General Liability Insurance vs Business Owner’s Policy
General liability insurance and a business owner’s policy (BOP) both cover the costs associated with third-party claims of physical injuries, property damage, and advertising injuries. However, a BOP includes added protection of commercial property insurance for your business’ physical assets. BOPs are a good option for small businesses looking to bundle their insurance for savings….
6 Best Ecommerce Insurance Companies for 2019
Small business owners want to work with ecommerce insurance companies that are reliable, can offer quality coverage at an affordable rate, and can scale with their business. We compared more than 15 carriers on criteria including costs, policy options, and online features, to come up with the top six ecommerce insurance companies. Top 6 Ecommerce…
Workers’ Comp Insurance for Self-employed Individuals: The Need, Cost & Carriers
Workers’ compensation insurance, while not required, is a good idea for the self-employed. Solopreneurs face the chance of injury that can result in 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 waive…
Public Liability Insurance: Cost, Coverage & Quotes
Public liability insurance is the term used in the United Kingdom for what United States agents call general liability insurance. U.K. policies cover claims your business caused another party’s injury or property damage. There is a U.S. public liability policy that costs approximately 10% less than general liability insurance but offers limited coverage. To protect…
9 Best Workers’ Compensation Insurance Companies 2019
The best workers’ compensation insurance companies in 2019 provide more than just excellent coverage. They seek to train employers on safety and make the process of buying and paying for workers’ compensation insurance easy. We reviewed 25 top-rated workers’ compensation carriers to give you the best nine from which to choose. Top Workers’ Compensation Insurance…
Business Car Insurance: When Is It Needed?
Business car insurance covers claims resulting from accidents involving vehicles used by your business. Coverage commonly includes liability protection for bodily injury and physical damage but may also include coverage such as collision and medical payments. Depending on the carrier, company car insurance costs $600 to $2,400 per vehicle annually. Consider Progressive Commercial for your…
