State Farmwas rated No. 2 for customer satisfaction in J.D. Power's 2024 Small Commercial Insurance Study and has fewer complaints than its competitors, according to the National Association of Insurance Commissioners. Standout benefits:Equipment breakdown coverage is included in business owners policy...
When it comes to business insurance, the most common type of commercial bond is a license or permit bond, which ensures that contractors follow all the applicable laws and regulations for a given project. What to know: -Required for Massachusetts contractors -Two types — contract bonds and com...
Frequently Asked Questions How do I get contractor insurance? What is general liability insurance for contractors? Are contractors required to have insurance? *Please review your actual policy language to see applicable coverages, limits, and exclusions....
Our choice for the best insurance company for independent contractors and micro businesses goes to Hiscox. The insurance company dates back to 1901 and has excellent ratings from AM Best and the BBB. They also offer what we've deemed the best workers' comp insurance for small businesses and co...
As a contractor, you face a certain amount of risk on the job every day. While just about anything has been known to happen, here are 3 of the most common insurance claims and risks contractors face on the job so you can make sure you have the proper financial protection in place. ...
How Much Does Business & Contractors Equipment Insurance Cost? Business and contractors tools and equipment insurance tends to be affordable for most businesses, considering the coverage applies to inexpensive commercial property. Many small businesses pay only $14 monthly, on average, for this coverage...
As a general rule, you’re permitted to deduct the cost of insurance as a business expense. 7. Legal and professional fees The amount that you pay youraccountantor your attorney is a tax-deductible expense. Of course, the payment should be for business-related work. This means that any su...
A wide range of small business insurance packages, from specialist industry-specific products, to covers such as employers' liability and office insurance.
Business insurance is recommended for virtually all small businesses, but especially so for general contractors. In fact, contractors are typically required to obtain insurance before pursuing licenses and establishing their businesses. “Before you can receive a license, you must show proof of liability...
outsourcing is used so that a company can focus on its core operations. It is also used to cut costs on labor, among other costs. While privacy has been a recent area of controversy for outsourcing contractors, the practice has also drawn criticism for its impact on the labor market in do...