Business personal property (BPP) insurance is an important type of small business insurance for any business that owns equipment, inventory, office furniture, or tools. It is a type of commercial property insurance, meaning it is first-party coverage. It can be purchased from some carriers as a standalone policy and is often available as an endorsement…
Insurance
The Hartford Insurance Review 2024
The Hartford offers personal auto, homeowners, and business insurance for any size of business in a wide range of industries. In our review of small business insurance companies, it scored the highest with a 4.5 out of 5, making it the best small business insurer. The Hartford has been in operation for more than 200…
Who Needs Professional Liability Insurance?
Business owners who make a living by providing advice or service to others need to consider purchasing professional liability insurance. Due to the specialized knowledge often associated with the service industry, small businesses in this space are exposed to accusations that their advice or mistakes led to a financial loss. Professional liability can protect you…
The 5 Best Cyber Insurance Companies
The best cyber insurance companies offer a 24/7 hotline for cyber response and risk management services. We reviewed 19 carriers using our proprietary rubric, evaluating financial stability, customer satisfaction, convenience, and policies offered. Here are the top cybersecurity insurance companies: Top Cyber Insurance Companies Compared The Hartford: Best Overall Provider for Cyber Insurance The Hartford…
Commercial Umbrella Insurance: Cost & Coverage
Commercial umbrella insurance is a special policy a small business owner can purchase that adds additional protection to existing commercial insurance. Similar to commercial general liability and commercial auto liability insurance, it covers legal costs, medical bills, damages to other property, judgment-issued payments, and settlements. Commercial umbrella policies can run anywhere from $300 to $1,500…
What Is Professional Liability Insurance? Cost, Coverage & More
Professional liability insurance is a third-party liability insurance for small businesses in the professional services sector. It’s sometimes called errors and omissions (E&O) insurance, or medical malpractice insurance for those in a medical profession. Unlike general liability insurance, a professional liability policy covers more intangible claims, such as the business provided bad advice, and more…
Why Independent Contractors Need Liability Insurance
It may seem like you don’t need liability insurance as an independent contractor, or a 1099 worker—especially if you do regular work for other companies. However, the truth is, you still risk financial exposure from claims or accidents. Having liability insurance is an inexpensive way to protect yourself and your business from high out-of-pocket expenses…
Texas Workers Compensation: Laws, Costs & Providers
Texas workers’ compensation laws are unique because they don’t require employers to have coverage. Businesses that do buy policies are covered for their obligations after a worker is injured, including the workers’ medical expenses, prescriptions, and partial weekly wages. Texas employers can expect to pay an average of 55 cents for every $100 of payroll…