Cargo insurance, a form of inland marine insurance, is an important part of protecting the global supply chain. It pays the value of shipments, up to coverage limits, when shipments are lost, stolen, or damaged. Certain businesses that ship goods need cargo insurance, but those that ship infrequently can get coverage for single shipments. Small…
Insurance
Crime Insurance: Cost, Coverage & Providers
Commercial crime insurance is an insurance policy for losses to your business because of criminal acts, such as employee theft or third-party fraud. Commercial crime coverage can be bundled with an existing commercial property policy or purchased as a stand-alone policy. Stand-alone crime insurance costs between $650 and $2,500 yearly. Getting crime insurance online quickly can be…
Food Truck Insurance Cost & Coverage
Food truck insurance is a term for policies that cover your truck, property, equipment, employees, and liability. Food truck insurance costs vary depending on many factors, beginning with your truck: the type of vehicle, its age, and the value of equipment installed in it. Additionally, the total price will depend on the policies you purchase….
EPLI Insurance: Cost, Coverage & Best Providers 2024
Employment practices liability insurance (EPLI) protects small businesses from liability arising from employment practices as they relate to employees. Claims against the business for wrongful termination, sexual harassment, or gender discrimination are examples of employment practices that EPLI covers. Small businesses can purchase EPLI as a stand-alone policy for $800 to $5,000 per year or…
Bonded vs Insured (& Who Needs Both)
The difference between bonded and insured is simple: a bond serves only one party, while insurance can protect both the policyholder and claimants. Saying you are bonded means you purchased a surety bond that offers a limited guarantee to an obligee (customer). Meanwhile, having insurance means you purchased an insurance policy, which usually has a…
6 Ways To Save Money on Business Insurance in 2024
When shopping for insurance, you’ll likely need to strike a balance between finding the cheapest business insurance and purchasing a policy that will protect your business. Good news—it’s possible to find quality coverage at an affordable price! Start by identifying the right policies for your business and bundling those coverages. Then, compare insurance companies’ offerings…
Quick Guide to Workers’ Comp Insurance for Self-Employed 2024
Workers’ comp insurance for self-employed individuals is a policy business owners buy for themselves in case they’re injured while performing job duties. A self-employed workers’ comp policy can pay for lost wages and related medical bills, allowing the self-employed business owner to keep their business afloat while they recuperate, or it can be a ghost…
Gym Insurance: Cost, Coverage & Best Providers 2024
Gym insurance can be a single policy or a combination of policies that protect your business from customer injuries, subsequent lawsuits, or damage to your equipment. General liability and a business owner’s policy (BOP) are the two most common coverages gym owners need. While costs can vary, general liability for a gym ranges from approximately…