Nexthas been an online insurance provider specializing in coverage for small businesses since 2016. In addition to BOPs and standard liability coverage, it offers commercial auto and property policies, business income insurance, workers' compensation, tools and equipment insurance and liquor liability ins...
General liability insurance:Most small businesses choose $1 million per occurrence and $2 million aggregate limits. This coverage allows up to $1 million per claim and $2 million during the plan’s lifetime, which is typically one year. Professional liability coverage:Policy limits vary substantial...
Coverages: Hiscox offers several insurance policies for small businesses, including business owners policies (BOPs), general liability, professional liability, and cybersecurity. It also partners with other insurance companies and third parties to provide more options such as short-term general liability...
require you to carry bodily injury and property damage liability insurance in order to drive legally. Property damage liability coverage helps pay for repairs to the other driver's car or any property you damage in an accident that you are found to have caused. This may include stationary ...
This will protect you from personal liability in case of lawsuits or debts. If you're a freelancer or sole proprietor, you don't legally need a business checking account. You could technically use your personal bank account. But separating finances will make your life easier. Here are some ...
Each writer and editor follows NerdWallet's strict guidelines for editorial integrity to ensure accuracy and fairness in our coverage. What is an LLC loan? An LLC loan is a small-business loan that provides funding for a limited liability company — a type of business structure that functions ...
ADPhas been in the payroll space for over 75 years and is used by many large corporations. In addition to payroll, ADP offers services around tax and compliance so your business can keep up with local regulations. It calculates tax liability, withholds and pays the appropriate taxes for you ...
It keeps your business activities distinct from your personal activities for both tax and legal purposes, reducing your personal financial liability for lawsuits or other claims against your business. The best way to keep business expenses separate from personal expenses is to maintain separate accounts...
Business bank accounts are also essential for maintaining some of the protections businesses receive. For example, if you form a Limited Liability Company, you can lose that protection if you mingle your personal and business funds. What’s the difference between a personal and a business bank ac...
General liability insurance is fairly broad liability coverage that protects your business from bodily injury and property damage claims that you’re responsible for due to your business’s negligence. If a client or another business gets physically hurt, injured, or damaged by an accident and your...