Vacation rental insurance protects your home from risks associated with renting it to others. The policy is similar to a homeowner’s, providing coverage for the structure, contents, and liability while also providing income loss. Vacation rental policies can range from $1,500 to $2,500 a year. For a quick quote, tailored for your specific property, consider…
Every state except for Texas requires businesses to carry workers’ compensation insurance. Workers’ compensation insurance covers medical bills, rehabilitation costs, and lost wages for employees injured on the job or who experience a work-related illness. The price can vary depending on your business’s location, industry, and payroll. Typically, workers’ compensation insurance costs $500 to $600…
Swim instructor insurance is a policy providing liability coverage for someone who directly oversees the teaching and training of swimming. Swim instructor insurance costs as little as $150 per year with a $1 million general liability policy. Some insurers offer unique industry-specific policies that cover both general and professional liability. The term “sports instructor” covers…
A contractor controlled insurance program (CCIP) is a specific insurance policy purchased by general contractors to coordinate general liability for construction projects. Also called wrap-up insurance, CCIP insurance is controlled by contractors rather than project development owners. The cost for a CCIP starts at 1% of the construction costs with policy durations extending past construction…
Liquor liability insurance covers businesses that sell and serve alcohol. The cost for liquor liability insurance can range from $270 to $2,000 annually. Liquor liability insurance handles claims arising out of the actions of an intoxicated patron. Whether the claim is for damage or injury, the business can be held legally liable for its role…
Although not required by law, commercial property insurance is essential coverage that protects a business’s physical assets from damages or theft. While there are numerous commercial property insurance companies, each provider varies in its premium rates, covered perils, supplemental services, and industry specialties. We reviewed more than 20 of the best commercial property insurance companies…
Professional liability insurance protects businesses from claims of negligence or malpractice related to a service that resulted in a loss to the customer or client. Sometimes called errors & omissions (E&O) coverage, these policies are customized to the specific industry that the business operates in. We reviewed the best professional liability insurance companies on the…
Workers’ comp insurance for self-employed is a policy business owners buy in case they’re injured while performing job duties. The coverage pays lost wages and medical bills related to the injury and allows the self-employed to keep his business afloat while recuperating. Most self-employed contractors should strongly consider getting a policy to protect their own…
