Retail insurance refers to the various types of insurance retail businesses need to purchase in order to be protected from liability in their day-to-day operations. Most small business retailers need, at a minimum, general liability and commercial property insurance, and can expect to pay at least $1,000 – $2,000 per year in combined premiums. Finding…
Cyber Insurance Cost, Coverage & More
Cyber insurance helps protect businesses against losses resulting from cyber attacks or data breaches. Cyber insurance coverage can include data loss and restoration, extortion, legal fees, and more. The cost of cyber insurance depends upon several risk factors but for most small businesses annual premiums will range from $1,000 to $7,500. If you’re looking for…
25 Small Business Insurance Mistakes That Cost You Money
Running your own business increases your liability. For this reason, it’s important to protect your business by insuring both your company and your employees. However, some small business owners commit mistakes when taking out an insurance policy, costing them money. We’ve talked to the experts and found the most common small business insurance mistakes that…
What a Certificate of Insurance Is + Free COI Example
A certificate of insurance (aka COI, certificate of liability insurance, or ACORD Certificate) is a document that serves as proof of insurance coverage. These one-page, standardized certificates are governed by the Association for Cooperative Operations Research and Development (ACORD). Certificates will include your insurance coverage, limits of coverage, the certificate holder, authorized representative, and more. You…
Daycare Insurance Cost, Coverage & More
Daycare insurance, also known as childcare insurance, is designed to meet the unique needs of businesses in the childcare industry, whether the business is operated out of a home or in a service center. The annual cost of daycare insurance ranges from $250 for an in-home childcare business to $2,000 for a larger daycare center….
Cleaning Business Insurance: Cost & Coverage for Janitorial Insurance
Cleaning business insurance (aka janitorial insurance or janitorial services insurance) includes general liability, commercial vehicle insurance, workers’ compensation, and more. Janitorial insurance coverage costs range from $375 – $5,000+ per year. Every cleaning business, from residential maid services to full-service commercial janitorial companies will need cleaning business insurance. Janitorial insurance covers a wide range of…
Semi Truck Insurance Cost, Coverage & Quotes
Semi truck insurance, aka owner operator truck insurance, is liability coverage for commercial truck drivers. The cost for this insurance can vary widely. For leased owner operators, semi truck insurance costs range from $1,500 to $2,000 per year. For owner operators with authority, it can cost between $8,000 and $12,500 per year. At a minimum,…
Landlord Insurance
Landlord insurance is a specific type of property insurance that protects landlords against any potential liability caused by tenants and is generally required on investment properties. Typically, a landlord insurance policy is 20-30% more expensive than a homeowner’s policy. A standard landlord insurance policy includes dwelling coverage, loss of rental income and liability coverage. AP…
Food Truck Insurance Cost, Coverage & More
Food truck insurance is a necessity for business owners in the mobile food industry. Most food truck businesses will need more than one type of insurance coverage, including commercial vehicle insurance and general liability. Food truck insurance costs start at $1,300 per year, but can be as much as $7,000 per year or more. Insurance…
Small Business Health Insurance — The Ultimate Guide
If you’re a business with fewer than 50 employees, providing small business health insurance to your staff is optional. There are many small business health insurance options available if you choose to offer it to attract new employees and to keep your current ones happy. However, if you have over 50 full-time employees, you are…
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Surety Bonds & How They Work
A surety bond is a contract between three parties known as the principal, surety, and obligee. Surety bonds financially guarantee that a principle will fulfill a predetermined set of obligations to an obligee. The “surety” is an insurance company or surety bond broker that provides the financial guarantee to the obligee on behalf of the…
How To Offer Life Insurance As An Employee Benefit
Life insurance pays a lump sum of money in the event of death to the designated beneficiary. As an employer, life insurance is an inexpensive and easy benefit to offer to your employees, and it can mean a lot to your employees if many of them have families or children. In this article, we will…
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