Indiana workers’ compensation laws require most employers to maintain insurance that covers medical payments and lost wages for employees who are injured on the job. However, Indiana is also consistently one of the least expensive states when it comes to purchasing workers’ compensation. Rates range between 9 cents and $6.10 per $100 of payroll. Getting…
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Life Insurance Costs & What Affects Rates
Life insurance costs depend on several factors, including age, gender, health, the type of coverage, and the policy’s face value. Term life and whole life are the two most popular types of life insurance, with term life being the most affordable. Typical term life insurance rates range from about $30 to $60 per month for…
Sports & Swim Instructor Insurance: Cost, Coverage & Providers
Sports and swim instructor insurance is a combination of policies that cover individuals who directly oversee the teaching and training of individuals and teams. Sports instructors can get general liability for as little as $120 per year with $1 million limits. Some insurers offer unique industry-specific policies that cover both general and professional liability. The…
8 Best Business Insurance Brokers
Business insurance brokers can help you find the best coverage because they have access to multiple carriers. We researched two dozen popular brokers to find the top insurance brokers for small business owners. The final eight come out on top based on eight criteria, including price options, available carriers, coverages, and customer service. 8 Top…
Unoccupied & Vacant Home Insurance: Cost, Coverage & Providers
Vacant home insurance covers homes left unoccupied for extended periods of time. These properties have a higher risk for vandalism, theft, and weather damage when unoccupied for at least 30 consecutive days. Policies can cost up to three times what a homeowners policy costs, but a limited endorsement may only be $100 more per year….
Catering Insurance: Types, Cost, and Top Providers
Caterer’s insurance is designed to protect your business from liability while protecting your assets. It covers claims common to caterers such as serving food to customers, property damage and injuries to customers, and employee injuries. Pricing options vary for caterer’s insurance with a typical business owner’s policy (BOP) median cost at $845 annually. Caterers can…
Food Vendor Insurance Cost, Coverage & Providers
Food vendor insurance refers to the types of coverage food vendors need to protect their businesses against financial loss from liability claims. The most common types of food vendor insurance are general liability and commercial property. Food vendor insurance costs start around $500–$800 annually and starts at $100 for single events. Every type of food…
Dance Instructor & Dance Studio Insurance: Cost, Coverage & Providers
Because there isn’t a single policy to cover all their risks, dance instructors need multiple dance studio insurance policies. In most cases, instructors can obtain bundled insurance coverage under a business owner’s policy (BOP) to get comprehensive protection for their most likely losses. BOPs for dance instructors start at $300 annually. Whether you own a…
IT Insurance: Cost, Coverage & Providers
IT insurance is a collection of insurance coverages that protect against third-party liability claims for consultants and businesses focused on delivering technology, computer, or IT services. The two main tech insurance coverage types are professional liability and general liability insurance. The cost of IT insurance ranges between $1,100 and $2,000 per year. Getting the best…
Inland Marine Insurance: Cost, Features & Providers
Inland marine insurance covers products, equipment, and valuable goods as they are transported over land or stored at an off-site location. Unlike commercial property insurance, inland marine covers property while it is away from your main premises. The cost of inland marine varies, but typically have minimums of $250 to $500 for standalone policies. If…
Do I Need Workers’ Compensation Insurance?
Small business owners with employees need workers’ compensation insurance to cover employees’ on-the-job injuries and work-related illnesses. Every state but Texas requires employers to buy this coverage to pay medical bills and lost wages for employees hurt in workplace accidents. Without workers’ comp, employers may have to pay these costs out of pocket. provides expert…
Ecommerce Business Insurance: Cost, Coverage & Providers
Ecommerce business insurance is a collection of commercial policies designed to protect you and your ecommerce business. A common policy for ecommerce business owners is cyber liability insurance, which covers losses or damages resulting from cyberattacks and data breaches. Most ecommerce businesses require additional policies, so ecommerce insurance costs between $400 to $7,500 annually. is…