In other words: If you or your employees make a mistake—or are perceived to—and your client suffers a loss as a result and sues you for it, your professional liability insurance policy helps shield you from those costs. This type of insurance is also called errors and omissions, or E&O...
For example: A small electronics company produces a device that overheats and causes fires A local bakery’s products lead to food poisoning Product liability insurance would cover legal fees, settlements, and other related costs in these cases. While product liability insurance is often included ...
Berxi is a top-rated small business insurance provider. Explore flexible liability insurance for businesses, professionals, health practitioners, and more.
What is the best small business insurance for LLCs? It depends on your type of business, but we typically recommend bothgeneral liabilityandprofessional liabilityinsurance. You can get expert recommendations by using ouronline quote tool. *20% savings calculation based on comparison savings on genera...
According to the Small Business Administration, between 36%-53% of small businesses may encounter a lawsuit in a given year. And the legal costs for those small businesses could range anywhere from $3,000 to $150,000. Your small business likely can’t afford to take a hit like that. ...
For small businesses, business interruption insurance is typically bundled withcommercial property and liability coveragein a business owners policy (BOP). Businesses with 100 or fewer employees and revenue of $5 million or less may be eligible for a BOP that includes business interruption insurance....
When shopping for small business insurance, look for an insurer with a solid financial record. Also, compare quotes from multiple companies to find the right amount of coverage at the best price. Costs will depend on the type, location, and size of your business, as well as the level of...
Affordable business insurance for small and medium sized enterprises. Protect your business and save money. Get a quote today!
Business insurance coverages Workers' Comp Insurance Pays for medical costs, long term care, disability benefit, death benefit, and lost wages that result from a workplace related injury or illness. get your quote Professional Liability / E&O / Malpractice Insurance ...
Defense Costs.Pays legal expenses for certain liability claims brought against your business regardless of who's at fault. Medical Expenses.Pays the applicable medical costs if someone is injured and needs medical treatment due to an accident on your premises. ...