Workers’ compensation insurance pays medical expenses and lost wages when employees are injured during work. In Ohio, workers’ compensation insurance can only be purchased through the Bureau of Workers’ Compensation, not through private insurers. Rates vary based on, payroll job descriptions and claims history, but there is a $120 application fee. Even though Ohio is…
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Handyman Insurance: Types, Costs & Where to Find
Handyman insurance refers to the liability and property coverage for unlicensed tradesmen. A handyman, at the very least, should have general liability, workers’ compensation, and equipment coverage in the event tools are lost or stolen. Sole proprietors with no employees should expect to pay approximately $1,500 annually for liability and equipment coverage. Finding the right…
Pilates & Yoga Insurance: Cost, Coverage & Carriers
Yoga insurance is a group of commercial policies that cover anything from a studio fire to student injuries to negligence claims. Each policy covers different risks associated with Pilates or yoga practices. Depending on the coverage types and limits you select, Pilates and yoga teacher insurance costs range between $100 and $400 per year. Whether…
What Is a Surplus Lines Broker?
Surplus lines brokers are insurance professionals who can provide coverage to businesses in high-risk industries like manufacturing and agriculture. They can do this because they have access to surplus lines carriers. The cost of using a surplus lines broker varies with fees regulated by each state. What Does a Surplus Lines Broker Do? A surplus…
9 Best Commercial Property Insurance Companies
The best commercial property insurance 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 ten best based on their ability to serve small businesses….
Workers’ Compensation Insurance Best Practices for Employers
Nearly every employer who has one or more employees is required to have workers’ compensation insurance. Utilizing workers’ compensation best practices helps employers keep premium costs down while helping them build a strong culture where their employees feel valued and safe. Best practices start with smart hiring and end with excellent claims management. What Workers’…
Workers’ Compensation Insurance Requirements by State
Forty-nine states require most employers to carry workers’ compensation insurance. Texas is the only state that gives employers the choice to offer coverage. Rules vary, so it’s important to research workers’ compensation insurance requirements by state. Some states require workers’ comp for every business and others base the requirement on the number of employees. What…
Entertainment Insurance: Coverage for Music, Film & Production
Entertainment insurance is a group of policies that protects producers, crew, equipment, and filming locations from potential losses. Common policies include general liability, property, and media liability insurance. Small production companies can typically obtain general liability and film production insurance for under $1,000 annually. Buying a business owner’s policy (BOP), which bundles coverage, provides savings….
Professional Liability Insurance for Nurses: Definition, Cost, Features & Providers
Professional liability insurance for nurses is coverage designed to protect those in the nursing profession against claims arising out of their duties. It covers accusations of errors and omissions in the course of a nurse’s work. Pricing options vary, but a typical professional liability insurance policy for nurses costs $80 to $1,000 per year. For…
Gym Insurance: Cost, Coverage & Providers
Gym insurance covers a gym’s elevated risks where liability increases when people engage in strenuous cardio and weightlifting programs. Due to this higher business risk, many commercial insurance providers offer business property coverage but may refer you to specialty liability providers. Annual costs start around $1,000 for property and $1,500 for general liability. There are…
Pennsylvania Workers’ Compensation Insurance: Top Providers, Rules, & More
Workers’ compensation insurance pays for employees’ medical costs and replacement income if they experience a work-related injury or occupational illness. Workers’ comp is required by law in most states. Pennsylvania requires employers with one or more employees to carry workers’ compensation, and they typically pay between 12 cents to $26.39 per $100 of payroll. Consider…
How Much Does Business Insurance Cost?
Small business owners often wonder how much business insurance costs. It’s an important expense that protects against liability claims and covers business-owned property. Factors that influence the cost of business insurance vary widely, including industry, location, and number of employees. Small businesses can expect to pay between $400 and $3,200 annually, depending on coverage needs….