Workers’ compensation insurance costs depend on many factors, such as state regulations, payroll, and industry, so it’s difficult to pinpoint an exact premium without considering all of your business’ characteristics. Employer costs for employees’ compensation among civilian workers averaged $39.01 per hour worked as of March 2021, according to a . Those in less-risky industries…
Landscaping insurance, or lawn care insurance, is a group of policies that protect a landscaping business’s assets. The most common lawn care business insurance policy is general liability, which pays for nonemployees’ injuries and property damage. Landscapers’ general liability insurance starts at around $2,200 per year. However, most landscapers need additional policies, and that increases…
Life coaches offer expert advice to individuals, so they need professional liability insurance in case they’re sued over their services. Policies typically cost between $300 and $5,000 annually, depending on the business size. Life coaches should also consider purchasing a business owner’s policy (BOP), which costs around $350 to $1,000 annually as well as commercial…
Semi truck insurance, also called owner-operator or commercial truck insurance, is a blanket term for a collection of policies for truck drivers. Many of these policies cover truckers’ legal liabilities in different situations like hauling cargo or nonbusiness driving. Owner-operators can expect to pay between $8,000 to $12,500 per year for truck insurance. Whatever commercial…
Business owners who want to keep their workers’ compensation insurance costs down need to reduce compensable injuries among their employees. By minimizing injuries, employers can improve their claims histories, which can lower their rates and, sometimes, earn discounts from their insurers. We’ve compiled this list of the most common workplace injuries and added tips to…
Deciding on the best electrician insurance first requires identifying the kinds of electrical services being offered, the corresponding risks, and whether work vehicles are being used. Then electricians need to choose among the many insurance providers and brokers that offer business coverage. To help electricians narrow their choices, we’ve chosen the top five electrician insurance…
Electrician insurance refers to policies that protect against financial loss resulting from property damage, workplace injuries, income loss, and vehicle accidents in work trucks. Electricians may need multiple policies to provide full coverage but can save by using a business owner’s policy (BOP). Electrical contractors usually pay an annual average of $500 to $1,006 for…
General liability insurance, also known as business liability insurance, covers businesses for financial losses due to third-party claims of bodily injury, reputational injury, or property damage to others. It’s an essential liability coverage for all businesses, given that all businesses are exposed to these types of risks. If you’re looking for general liability insurance for…
