Finding cheap small business insurance is possible if you take a systematic approach. Determine what suits your company’s risk needs, get an idea of realistic pricing, then find out who the top carriers are in your area. Learn what exclusions there are with inexpensive business insurance so that you aren’t left with an uncovered claim….
All Small Business Insurance Articles
Freight & Cargo Insurance: Cost, Coverage, & Providers
Cargo insurance pays the value of shipments, up to coverage limits, when shipments are lost or damaged. Businesses that ship goods need cargo insurance, but those with infrequent shipments can get coverage for single shipments. Small business owners typically insure cargo through the shipper. This usually costs $.60 per $100 of the shipment’s insured value….
Contractors Insurance: Types, Costs, & More
Contractors insurance refers to multiple policies that cover risks general contractors and other contractors face. Some insurers combine key coverages, like general liability and commercial property, into a business owner’s policy (BOP) for a lower rate. Standalone general liability policies might cost $350 to $1,500, but contractors can usually get BOPs for $400 to $700…
HVAC Insurance: Types, Costs, & Where to Find
HVAC insurance is often required by small business owners in the heating, ventilation, and cooling construction industry. Most state boards only require a surety bond, and an HVAC company isn’t really covered unless it has general liability, workers’ compensation, and commercial auto. HVAC insurance costs start at $350 but can exceed $10,000 for large companies….
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…
Crime Insurance: Cost, Coverage & Providers
Crime insurance covers losses resulting from criminal acts, including employee dishonesty and third-party fraud. It covers an important gap in commercial property insurance. Most business owners need some crime coverage, but a few industries like retail and financial advisors face greater risk. Standalone crime insurance costs between $240 and $4,000. Hiscox has a commercial crime…
Pilates & Yoga Insurance: Cost, Coverage, & Providers
Yoga insurance can cover anything from a studio fire to student injuries to negligence claims. It’s simply a matter of selecting the policies that match your risks. Depending on the coverage and limits of your policies, the cost for Pilates and yoga teacher insurance can range from $100 to $400 per year. Whether you run…
2019 FICA Taxes, Unemployment Insurance, & Workers’ Comp for Owners
FICA (Federal Insurance Contributions Act) is a federal law that requires employers to withhold three taxes from their employees’ wages: 6.2% Social Security tax, 1.45% Medicare tax, and 0.9% for anyone who earns more than $200,000. In addition to FICA taxes, you must also cover unemployment taxes and workers’ compensation. If you’re looking for affordable…
Engineer & Architect Insurance: Cost, Coverage, & Providers
Architects and engineers need insurance to cover risks specific to their businesses, such as negligence claims for design flaws. While there’s no single engineer and architect insurance policy, business owners can match common commercial policies to their risks. Professional liability insurance and a business owner’s policy (BOP) usually costs $2,000 to $4,150 annually. Architects and…
6 Best Workers’ Compensation Insurance Companies 2019
Just because workers’ compensation insurance is required doesn’t mean every insurance carrier is reputable. Poor claims processes and service from a few give other carriers a bad rap. Don’t wait to see if your workers’ compensation carrier is great. We vetted more than 20 insurance carriers and narrowed it down to the top six providers….
Workers’ Compensation Insurance for the Self-employed
Workers’ compensation insurance, while not required, is a good idea for the self-employed. The chance of injury exists for the solopreneur with consequences being medical expenses and loss of income. Workers’ compensation insurance for self-employed covers these expenses. Solopreneurs can expect to pay at least $250 per year for self-employed workers’ compensation insurance. Rather than…
Medical Malpractice Insurance: Cost, Coverage & Providers
Medical malpractice insurance is a professional liability policy designed for physicians and other medical professionals. Policies cover accusations that their negligence caused a patient’s injury or death. Medical malpractice insurance costs vary by state and specialty. Premiums start at $4,000 but can go up to $34,000 or more with typical costs around $10,000 per year….
