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 […]
Category: Insurance
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 […]
Six General Liability Limits Every Business Owner Needs to Know
Each commercial general insurance policy contains defined limits. These limits are listed on the declarations page and in the policy. It is crucial to understand these limits in order to ensure that you have sufficient coverage in all areas and that you are properly insured against risks. Here are the six limits of liability in a general liability […]
Insurance for Staffing Agencies: Coverage, Costs & Providers
Insurance for staff agencies is a collection of policies that agency owners can buy to protect their assets. The policy covers the risks that many employment agencies are exposed to and pays for the associated costs. General liability is required by most agencies to protect third-party injuries or property damage. It costs between $400 and $1,000 each […]
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. […]
Here are 5 types of general liability claims and how to avoid them
You need to be ready for everything as a business owner. You could be held responsible for an accident that might result in you being sued, which could cost thousands of dollars. You would have to pay the costs of these claims out of pocket if you didn’t have general liability insurance. A general liability policy can help […]
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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