Category: Insurance

Interior Designer Insurance: Coverage, Cost, & Providers

The interior designer insurance policy is a business owner’s plan (BOP). It provides affordable coverage for personal injury and property damage, with annual costs of $1,500. Professional liability coverage is also recommended for interior designers. It has a minimum cost of $1,200 per annum and can be combined with commercial auto insurance, which ranges from $1,000 […]

What is the difference between Additional Insured and Loss Payee?

Additional insured coverage and loss payee coverage can extend insurance coverage beyond the insured. Contractual agreements often allow for third-party coverage. A loss payee is different from an additional insured in that they can collect payments from the insurer. The general liability policy does not cover , but neither the loss payee nor the additional insured can change […]

Dance Instructor Insurance: Coverage, Cost, & Providers

Dance instructors require multiple policies to insure their studios, as there isn’t one policy that covers all of their risks. Instructors can get bundled insurance coverage through a business owner’s plan (BOP), to provide comprehensive protection for the most likely losses. BOPs are $300 per year for dance instructors. Although landlords may require dance studio owners to […]

Claims-made Policies vs Occurrence Liability

professional and general liability policies cover claims that are based on the time an incident occurs and the date a claim is filed. What triggers coverage is the difference. An occurrence policy, on the other hand, requires that coverage be in effect when an incident occurs. What is a Claims-made policy? A claims-made insurance policy provides coverage […]

Church Insurance: Cost, Coverage & Top Companies

Like any other business, churches need to protect their assets. However, it’s not as easy as asking an agent to provide church insurance. You will need multiple policies that are tailored to your risk. In the event of an injury, general liability is required by most churches. The average cost of this policy is $500 to $1500 per year. […]

Food Vendor Insurance: Coverage, Providers & Cost

Food vendor insurance is the type of coverage that food vendors need in order to protect their business from financial loss due to liability claims. General liability and commercial property are the most popular policies for food vendors. Costs for food vendor insurance range from $300 to $1,300 per year and as low as $60 for one-day […]

Products-completed Operation Coverage: What it Is and Who Needs It

Products-completed operation coverage is part of a general insurance policy. It covers injuries and property damage that are caused by products or business operations. This coverage is vital for service providers and contractors who manufacture, distribute or sell goods. A general liability policy covers products-completed operations and costs around $400 to $600 annually for small businesses. A standalone policy […]

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