This article provides a comprehensive guide to understanding the various insurance options available for small businesses in the Empire State. It highlights the cost of small business insurance in NY and offers essential tips from professional companies likeNEXTto ensure your business remains safeguarded ...
Hiscoxis recommended for freelancers and is recognized as the top provider of independent contractor insurance among small commercial insurers. They offer a customizable business owner’s policy (BOP) that includes options like business interruption, electronic data loss, and professional liability insurance...
Association health plans (AHP).Finally, an AHP allows small businesses within the same industry or region to go in for a large-group coverage plan together. The drawback is that AHPs don’t have protection under theACA rating rule, which prevents insurers from varying costs based on things l...
Product liability insurance is crucial protection against financial lossesfor small businesses operating on tight margins. Without it, a single product liability claim could lead to bankruptcy. Product liability insurance covers various potential issues, from design defects to negligence. For example: A...
Whether you have a fleet of vehicles to insure or just need property coverage for your home office, business insurance can be a lifeline if you face an accident, lawsuit or other unexpected event. Some 36% of small businesses have seen their premiums increase since 2023, according to J.D....
Although the insurance provider marketplace is crowded, the best insurance companies for businesses make it easy to find a plan that fits your needs by offering coverage types, discounts, and customer service options tailored to the needs of small business owners. 7 Common types of business insura...
Gallagher offers resources to help your small business with cyber defence strategy, as well as cover for costs if a data breach occurs.
To give you an idea of average coverage amounts, here are popular options for small businesses based on data from Insureon: 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 $...
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What Is Small Business Insurance? Small business insurance is a type of insurance coverage designed specifically for small businesses. It provides protection against various risks and liabilities that small businesses face, such as property damage, theft, legal liability, and employee injury. It can ...