Tag: insurance

Business Liability Insurance, Learn State Minimums, Trusted Choice, business liability insurance.#Business #liability #insurance


Business Liability Insurance

Business liability insurance

Business owners have enough to worry about besides uncontrollable threats that prevent success. Business liability insurance is one way to help prepare for and protect your business from the biggest risks you face.

Top Business Risks in 2016

A recent study done by Allianz concluded that the following three risks are considered by business owners to be among the most significant business risks for 2016:

Business liability insurance

Protect Against the Top 3 Risks with Liability Insurance for Your Business

Liability claims are among the most expensive business insurance claims. Without appropriate liability coverage, one lawsuit or unexpected event can force you to close your doors. Business liability insurance can help you protect your business from the 3 top risks named in the survey.

In order to protect your business from cyber incidents, PR disasters, and the impact of new technologies, you need:

  • General business liability insurance also known as Commercial general liability insurance (CGL) is the most basic form of business liability insurance.

General liability insurance definition: A contract that protects a business against claims due to injuries, accidents, and negligence. It can protect your business from costs related to bodily injury, property damage, medical expenses, legal costs, judgments, and personal injury claims such as libel and slander. To protect your business from more specific types of emerging threats, you may need to purchase additional liability policies.

  • Cyber liability insurance is important for any business that uses electronic information. If you are sued because of a data breach or other cybercrime, your business could be responsible for paying legal fees, court-ordered judgments or settlements, and any other court-mandated costs. Your general liability policy may not appropriately cover these costs.

Cyber liability claims are also extremely costly in terms of fines, public relations costs, and other expenses you must pay on behalf of your affected customers.

While cyber liability policies continue to evolve because of the ever-changing nature of the threats, most cyber liability insurance policies protect your business assets by covering your legal defense costs, as well as any settlements and judgments that you are ordered to pay. Cyber liability insurance also helps businesses repair their reputations and damage to their brands in these situations by providing coverage for PR and other related expenses.

  • Employment practices liability insurance (EPLI) is another form of liability insurance for your business that is becoming more important as technology changes. EPLI provides protection from claims and lawsuits brought against a business, its officers or directors, or its employees and managers for discrimination, wrongful termination, sexual harassment, and other employment-related allegations.

In addition, EPLI covers claims related to employee benefits mismanagement. In today’s interconnected society, it’s not hard to imagine a scenario in which new technology makes it possible for an employee’s benefits enrollment or personal health information to be made public inadvertently. EPLI insurance would protect you in such a circumstance.

Other Kinds of Business Liability Insurance to Consider

In addition to the risks named in the Allianz study, most businesses face a variety of other threats that could lead to a liability claim. Depending on your type of business, you may need to consider a number of additional business liability policies to protect your assets.

  • Errors and omissions (E O) insurance: Also referred to as professional liability insurance, this policy will protect you from loss or damage arising from poor or misleading advice, or an act of negligence that leads to a client’s financial loss.
  • Liquor liability insurance: Coverage that protects any business that sells or serves alcoholic beverages, including restaurants, nightclubs, and bars, that can be held liable for damages or injuries caused by intoxicated patrons.
  • Product liability insurance: If your product causes any form of injury or damage, product liability insurance will cover compensation and possible legal fees if you are sued.
  • Environmental impairment liability (EIL) insurance: A specialty insurance policy created for companies and contractors who engage in jobs or production that have toxic by-products. EIL insurance will cover many of the costs related to spills, leakage, or contamination, including fines and cleanup costs.
  • Pollution liability insurance: A business insurance policy that covers the costs associated with pollution cleanup, as well as liability claims for pollution-related injuries, illnesses, or deaths.
  • Event liability insurance: Standard personal or commercial liability policies will not cover the varied exposures related to special events. Event liability policies can be tailored to your specific event, from small, one-time events to large, elaborate affairs.

How to Know if Your Insurance Policy is Right for You

Business liability insurance—in all of its forms—is essential to the long-term success of your business. Every business liability policy must be tailored to your unique business, or you face having limited or no coverage when you really need it.

Consulting with an independent agent who represents multiple insurance companies is the best way to ensure that you can find the best basic and specialized commercial liability insurance to address all of the insurable risks inherent in your business. Working with your local independent agent, you will determine the type and amount of coverage you need based on:

  • Business size, type and value
  • Type of work you do
  • Type of risks
  • Level of liability

Your agent can seek out the best coverage—from multiple insurance companies—to meet your needs and budget.

How to Find the Right Commercial Liability Insurance Agent

Your insurance agent is one of your most trusted business advisors—no different from your accountant, lawyer, or banker. Don’t trust your business to just anyone. Choose an independent insurance agent who will be as invested in protecting your business as you are. Whether you need small business liability or corporate liability insurance your agent can help you evaluate specific business risks and the various liability risks your company faces.

To get help choosing the right business liability coverage, contact an independent agent in the Trusted Choice В® network. These agents represent multiple insurance companies, providing you with a broad range of options to meet your needs. Find an agent in your community today and start addressing your top business risks.


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Business Insurance quotes, Public Liability Insurance, NRMA, business liability insurance.#Business #liability #insurance


Business Insurance

Protect yourself and your business against claims for negligent acts, which cause personal injury and/or property damage to others with Public Liability Insurance.

As a tradesperson you do a lot to protect yourself at work. Don’t forget to protect your business too. Our Business Insurance has the cover to do just that.

Are you a doctor, lawyer, accountant, architect, real estate agent or other type of professional service provider? Our Business Insurance has the cover to protect your business.

Business liability insurance

Other products we offer

Hobby Rural Farm

Save up to $75 when you buy Hobby Farm Insurance online.

Whether you’re a grazier, grower, dairy farmer or have a hobby farm, our Farm Insurance has the cover to protect your farm.

Retailers

Save up to $75 when you buy online.

Are you retailing goods or services? Our Business Insurance has the cover to protect your business.

Property Owners

Protecting Commercial properties you own now and for the future is easy. Our Business Insurance has the cover to protect your business.

Hospitality

Save up to $75 when you buy online.

You have a passion for making great coffee and creating amazing meals. Our Business Insurance has the cover to protect your business.

Motor Trades

Motor Trade Insurance is here to help mechanics, panel beaters, detailers and more. Get a quote from NRMA Insurance online

Domestic Services Repairs

Save up to $75 when you buy online.

If you provide services such as the local handyman, domestic cleaner, pet groomer, dressmaker or the like, our Business Insurance has the cover to protect your business.

Health Medical Services

Save up to $75 when you buy online.

Are you a doctor, veterinarian, dietician, osteopath, or offer a type of health or medical service? Our Business Insurance has the cover to protect your business.

Home Business

Nowadays more and more people are discovering the joy of working from home. Make sure you have the correct level of cover to protect yourself and your business.

Business liability insurance

Shannon is a builder who transforms interiors. He shares the opportunities and challenges that have come with running his own business.

Business liability insurance

Vicki is a chef and passionate about food. She talks about what she’s learnt about business since starting her own catering company.

Business liability insurance

Sevi is a florist who always wanted to have her own business. She explains about how long hours, finding great staff and having good insurance have helped her to success.

Download our free NRMA app

NRMA Insurance is a provider of car insurance, motorcycle insurance, home insurance, business insurance, travel insurance, boat insurance, caravan insurance, life insurance, income protection and security in NSW, QLD, ACT TAS. Get your insurance quotes today. For insurance in other states and territories visit SGIO in WA or SGIC in SA. NRMA Insurance is part of the Insurance Australia Group. Business address 388 George St Sydney, NSW (This address is unable to assist with enquiries) for any question or queries please contact us.

*National Roads and Motorists’ Association Limited ABN 77 000 010 506 (the NRMA) is a separate independent company from NRMA Insurance.

For more information about our products visit our sitemap. Insurance (except Travel insurance and Income Protection) issued by Insurance Australia Limited ABN 11 000 016 722 trading as NRMA Insurance. When making decisions about our insurance policies you should consider the applicable Product Disclosure Statement.

The Loyalty Discount replaces our previous discount structure, and applies to new eligible policies which commence on or after 16 March 2014, and renewing eligible policies which commence on or after 28 April 2014. For more details, please refer to the Premium, Excess Discounts Guide.

Visit our online terms and privacy security statement | Visit Money Smart for financial guidance from ASIC to help you make informed choices.


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Small Business Health Insurance Costs, business health insurance.#Business #health #insurance


Business health insurance

Business health insurance

Small Business Health Insurance Costs

Table of Contents:

This guide is for small business owners looking to compare the cost of health insurance for their employees. After reading this guide you should understand small business health insurance costs and which option is going to be the most cost effective for you and your employees.

There are tens of thousands of health care plans available to small businesses. Because these plans vary so widely by state, there s no one plan we can recommend for all businesses. We suggest checking out Gusto, our recommended payroll provider, which now provides health benefits as well. Click here for a free quote.

Our Conclusion

If your average employee makes less than $50,000 per year, you should not offer a group health insurance. The most cost effective option for you and your employees is for the business to provide additional funds to the employee, which can be used to offset the cost of the employee purchasing an individual health insurance policy on their own.

If your average employee makes more than $50,000 then you may want to consider offering a group health insurance plan.

Small Business Health Insurance Cost Summary Table

Average Monthly Premium Per Employee for Health Insurance (Second Lowest-Cost Silver Plan)

*Does not include potential subsidy explained below.

How We Came Up With This Table

There are four main options small business owners have to purchase health insurance for their employees. They are:

Offer Group Health Insurance via:

  1. Traditional Group Insurance Buying a group health insurance plan through a broker or private online exchange like eHealth.
  2. SHOP Exchange Buying group insurance through the Obamacare website, healthcare.gov. SHOP is short for Small Business Health Options Program. (learn more about SHOP)

Giving Your Employees Money To Buy Individual Insurance via:

  1. Private Individual Insurance Giving your employees money to purchase individual insurance through a broker or from a private online exchange like eHealth.
  2. Obamacare Individual Insurance Giving your employees money to buy individual insurance via healthcare.gov.

There are many different health plans you can buy, so to make an apples to apples comparison we chose to compare one health insurance plan (the second lowest cost silver plan) which we feel represents a typical health plan. We then calculated the cost of that plan on a per employee basis using each of the 4 purchase avenues above.

Where We Obtained Pricing

To find rates for individual Obamacare insurance and SHOP exchange group insurance we used healthcare.gov. To find rates for traditional group insurance and private individual insurance we used eHealth.com, a website that aggregates many different providers.

IMPORTANT: How Individual Subsidies Affect Small Business Health Insurance Costs

If your employees earn below a certain amount (example: $46,680 for an individual, or $95,400 with a family of 4), they can apply for a health insurance subsidy when buying individual insurance. If you offer a group plan however they cannot receive this subsidy. This is true even if your employees do not opt in to the group plan.

Assuming you do not offer a group health insurance plan and your employees meet the income requirements to be eligible for a subsidy, their health insurance premiums and out of pocket costs can be slashed significantly. This pertains to all plans on healthcare.gov and some plans on eHealth. Use the tool below to figure out how much they could save:

If you offer group health insurance through the SHOP exchange, your business might qualify for a tax credit of up to 50% the amount the business spends on premiums. To qualify, you must have fewer than 25 employees and their average salary must be below $50,000. The credit is only significant, however, if you have closer to 10 or fewer employees and/or if their average salary is around $25,000 or lower.

The Advantages of Individual Health Insurance

Looking at the chart you’ll notice individual health plans, on average, are much cheaper than group plans. This means that rather than buy a group health insurance plan, you might be better off giving your employees extra money to buy their own plans. On top of enjoying lower rates, your employees get the freedom to choose their own plans.

They can also apply for federal subsidies, which are currently available to individuals earning below $46,680 (or $95,400 for a family of four). The subsidy can be very generous. For example, an individual who earns $25,000 a year could save about 32% on their premiums. If you chose to offer group health insurance, however, the subsidy will not be available. Even if employees opt out of your plan and buy a policy on their own, they will not be eligible for a subsidy.

So if individual exchanges are cheaper, offer more freedom of choice and potential subsidies for employees, why even consider group health plans?

The Advantages of Group Health Insurance

For many small businesses, the individual route is probably the way to go (especially if your employees qualify for subsidies.) However, there still is an important case to be made for group health plans. They hold a key advantage in that you and your employees can use pre-tax dollars to pay for coverage. Your contribution will not be subject to payroll tax and your employee’s contributions are not subject to income tax. So if your employees are in a relatively high tax bracket, group health insurance may actually be the most economical option.

How To Decide Which Option Is Best For Your Business

There are some basic rules of thumb to figure out if individual plans or a group plan is the way to go:

  • If employees earn below $45,000 a year, go with individual plans. Your employees will qualify for subsidies. By offering a group plan, however, you take this away from them. Even if an employee earns above $50,000 a year, if they have any dependents (spouse or children), they’ll qualify for subsidies. A family of four that earns $50,000 can get about 62 percent of their premiums slashed by a subsidy.
  • If your employees do not qualify for subsidies and are in a high tax bracket, consider a group health plan from SHOP or a private exchange. Your business and your employees can use pre-tax dollars to pay for coverage, which can mean significant savings for you and your employees.

Other Things To Keep In Mind

  • Healthcare.gov averaged slightly lower rates than eHealth, but this doesn’t necessarily mean they charge less for plans. It just means they tend to have more affordable silver plans to choose from.
  • Costs vary greatly across regions. In some areas, eHealth actually had the advantage. If you decide to buy health insurance from an exchange, you should maximize your options by checking both websites. See eHealth Sample Rates and Obamacare Sample Rates.

With that in mind, you’ll be on track to finding the ideal coverage for your business. For more on choosing an insurance plan for your business, check our article “9 Questions To Ask Before Providing Health Insurance.”

Looking for the best health benefits package for your employees? Gusto will look at hundreds of health plans and offer you the best choices for your budget and your employees. Click here to visit Gusto and schedule a free demo.

About the Author

Jeremy Marsan

Jeremy Marsan is a business analyst and staff writer for Fit Small Business currently specializing in small business healthcare issues and product reviews. When not helping small business owners he enjoys many artistic projects, including music performance/recording, blogging, creative writing and carpentry.

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Business Insurance – Small Business Insurance, Progressive Commercial, cheap business insurance.#Cheap #business #insurance


Business Insurance

Customized to meet your specific business needs

Get the right coverage for your small business

From minimum coverage to specialized protection, our flexible options allow you to get your business insured accurately for each stage of your business’s development.

Basic business insurance

Accidents, illnesses, lawsuits If you’re in business, you’re exposed. While the number of risks you’re exposed to is almost unlimited, you might only need a few basic coverages to start out. For example:

  • General liability insurance – All small businesses, old and new, need general liability insurance. It’s basic liability protection that guards against things like accidents, injuries, property damage and lawsuits.
  • Commercial auto insurance – If you use vehicles for work, you’ll need commercial auto insurance to be fully covered. Personal policies don’t usually cover work related incidents. You’ll save up to 5% if you combine this with General Liability! Do you need a commercial auto policy? Find out here.

As your business grows

Most small businesses insurance needs quickly extend beyond basic liability and commercial auto insurance. Certain jobs require specific coverages, employees need protection, and a number of risks fall outside the protection of basic liability coverage.

When insurance coverages are packaged together, it’s often referred to as a Business Owners Policy, or BOP. Additional coverages in a BOP might include:

  • Property – This can protect your commercial buildings and most of your personal property. Both of which are not covered by liability insurance. Liability normally covers other people’s assets, not yours.
  • Business income interruption – If your policy includes coverage for property, you also have protection in the event of business interruption. For example, if you have a property claim that prevents you from operating your business, business income interruption coverage could help pay you for your lost income, employee salaries and rent expenses.
  • Professional liability – Do you give professional advice or provide a professional service? If so, you should probably carry professional liability insurance. This can be endorsed to your BOP.

While technically not part of a BOP, we also offer workers’ compensation insurance to help pay for things like medical costs and lost wages of employees who become ill or injured on the job.

Business insurance for contractors

We cater to the special needs of contractors by offering general liability as a stand-alone coverage for contractors who don’t need a full BOP. Learn more about what we offer contractors.

Business insurance cost

Many factors play a role in determining the cost of business insurance. The most influential usually are profession, number of employees and coverage needs. As you may imagine, these factors can vary greatly from business to business.

Getting a quote is easy! You can start a quote online, or simply call us. We also offer a step-by-step guide on how to get business insurance, and a quoting checklist for information you may need to gather beforehand. Our specialty commercial agents can also help you decide which coverages and limits you need to match your unique business situation.

Types of business insurance

From brick-and-mortar shops to contractors on the go, we insure most types of small businesses such as:

  • Stores
  • Garages
  • Restaurants
  • Manufacturers
  • Janitors
  • Beauty Salons
  • HVAC Services
  • Consultants
  • And many more

More value

In addition to outstanding customer and claims services, we also provide valuable discounts, fast online certificate services, flexible payment options, online bill payment capabilities and more. Call today for a complete rundown.


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Business Insurance – Small Business Insurance: Farmers Insurance, business insurance companies.#Business #insurance #companies


Business

Personalized coverage. Personalized service.

Find your industry

Farmers Business Insurance

Whether you’re shopping for commercial insurance, ready to purchase a policy or reviewing your current coverage, we’re here to help you:

  • Research business insurance options by coverage type and industry type.
  • Understand the value Farmers agents and claims representatives add to your experience.
  • Get answers to questions that are often asked by small business owners like you.

    Our goal here is simple: To equip you with information so you can choose the coverage you want for your business.

    Browse coverage types

    Business owners have told us they like the customizable policies Farmers offers — and these are the major components in your robust menu of business insurance options.

    Property – Coverage for risks related to your business’s building, property, inventory or income.

    Liability – Coverage for risks ranging from customer injuries to wrongful termination.

    Crime – Coverage against money and securities theft committed by employees or third parties.

    Auto – Coverage for vehicles you own, lease or rent for business use.

    Workers’ Compensation – Assistance for employees if an injury or illness occurs on the job.

    Umbrella – Additional liability coverage that supplements an underlying policy.

    Life – Coverage that can help attract and retain employees, and prepare for business succession.

    Loss Control – Services that help you increase on-the-job safety and efficiency.

    Additional business insurance options to consider

    You can also explore coverage options with these handy “cheat sheets” that outline industry-specific insurance options for businesses like yours.

    Apartment – For owners of small apartment buildings, large apartment complexes and everything in between.

    Auto Service and Repair – For owners of shops that specialize in collision repair, oil changes, transmission repair and more.

    Commercial Real Estate – For those who own office buildings, retail shopping centers, industrial parks, warehouses and self-storage facilities.

    Education and Non-Profit – For organizations including museums, schools and civic groups.

    Home and Building Service – For independent contractors such as plumbers, electricians, landscapers and painters.

    Homeowners Association – For governing bodies that manage the common areas and other aspects of a homeowners association.

    Hospitality – For the owners of hotels, motels and bed and breakfasts.

    Manufacturing – For companies that manufacture products of virtually any type.

    Office – For the offices of independent professionals such as doctors, lawyers and consultants.

    Religious Organization – For churches, synagogues, mosques, temples and other types of religious organizations.

    Restaurant and Food Truck – For owners of food trucks and quick service, casual and fine dining restaurants.

    Retail Store – For those who own shops such as salons, dry cleaners, boutiques and convenience stores.

    Wholesale – For businesses that provide wholesale goods and services to retail industries.

    Why choose Farmers?

    We’ve spent almost 90 years putting customers first — personalized attention is a hallmark of the Farmers experience.

    The value of a Farmers agent

    Are you shopping for coverage? Ready to get a business insurance quote? Maybe you have a question about a policy or need to file a claim. Our agents are ready to provide service and support.

    The ease of a Farmers claim

    You’ll experience a similar level of care from our knowledgeable claims representatives, who will provide assistance as quickly as possible.

    The experience of Farmers insights

    You’ll probably have a few questions as you research insurance coverage for your small business. If you’re not yet ready to speak with an agent, we might still have the answers you’re looking for. Explore an archive of helpful information here.

    *Subject to policy terms, conditions, limits, and exclusions

    This brief summary is for illustrative purposes only and is not a policy document. Please read the actual policy documents for

    your state for important details on coverages, exclusions, limits, conditions and terms. If there is a conflict between this summary and the policy documents, the policy documents will control. Not all products, coverages, options and discounts are available in every state.


Business Insurance Solutions For Small – Large Businesses, Santam, business insurance companies.#Business #insurance #companies


Business insurance solutions

We understand that every business is unique and that risks differ. Whether you operate a hair salon or a large accounting firm, Santam has nearly 100 years of experience and in-depth expertise to insure your business properly.

Business insurance can seem like a complicated maze, which is why we’ve created a simplified interactive visual of typical business risks.

Brochure

The benefits of insuring your business with us

Santam is the insurer of choice for millions of South Africans countrywide. We help you be safe and stay safe – everywhere you go. If you need five more reasons to choose Insurance good and proper.

Welcome to our blog

Advice, insights and expert opinions for SME owners and managers

Business insurance companies

Hidden costs of starting a new business

Business insurance companies

How to estimate your start-up costs

Business insurance companies

Advice on running a successful business

Business insurance companies

What we cover

Selecting the right insurance for your business is often seen as a difficult, time-consuming task. But while no two businesses are ever exactly the same, there are certain risks that most businesses share in common. To help make selecting the right insurance for you simpler and easier, we’ve created an interactive tool to help highlight the different types of risk your business could potentially face, and the solutions we offer.

Business insurance companies

Goods in transit

Theft or damage to goods in transit is very often out of your control and can happen at any time due to various circumstances, which makes being covered for this risk so important.

Business insurance companies

Vehicles

If it has wheels we can cover it with comprehensive insurance for all types of vehicles from, cars, bakkies, busses, trucks, trailers, caravans and motorcycles.

Business insurance companies

Machinery breakdown

Your machinery may be covered for fire and theft, but we also cover accidental damage to your equipment and machinery and the costs associated with repairing it.

Business insurance companies

Deterioration of stock

Breakdown of machinery may also result in the loss of refrigerated stock, but we have you covered for financial or related loss that may occur.

Insurance for small businesses

We understand that risks differ and that every start-up business is unique. Through a focused small business insurance offering, we will help to ensure that your start-up is properly covered.

Get great deals through our partners

Benefit from the range of Santam service providers that offer exclusive discounts on services that will improve the safety and security of you, your family and possessions.

Business insurance companies

Business insurance companies

Business insurance companies

Business insurance companies

Business insurance companies

Business insurance companies

Business insurance companies

Business insurance companies

Business insurance companies

Business insurance companies

Calculator

Use these simple tools to check if your business is sufficiently protected. Having the right cover in place will ensure quick and hassle-free claims in times of need.

Santam app

Manage your business and personal insurance inventory, send and receive instant SOS alerts and track the safety of loved ones with one easy swipe on your smartphone.

In the news

Fires cost South African businesses millions annually

South Africa loses millions of rand to fire each year. The past fire season has seen thousands of people displaced from their homes as a result of fires in the Knysna area while acres of vineyards were destroyed in the Western Cape in January, decimating revenues within the wine industry.

Insuring the wine industry

20 January 2017

The recent spate of fires in the winelands of the Western Cape has again brought the issue of the wine producer’s risk to the fore, with a number of wine farms being adversely affected. Shehnaz Somers, head of commercial underwriting at Santam said the company is still assessing the damage and loss as a result of fires spreading to well-known vineyards and guest farms in the winelands and surrounding areas over the past month.

Business insurance companies

What is the key to small business marketing?

Business insurance companies

What causes the most problems for entrepreneurs?

Business insurance companies

What is an entrepreneur’s biggest obstacle?

Business insurance companies

What are the biggest lessons you have learnt?

Business insurance companies

Curb excessive sick leave to prevent abuse of the system

Business insurance companies

Doing business in other countries

Business insurance companies

What is the key to small business marketing?

You represent the heart and soul of your small business. The key to your marketing campaign is to share your story proudly, passionately and with sincerity.

Business insurance companies

What causes the most problems for entrepreneurs?

It is impossible to turn your entrepreneurial dreams into reality all by yourself. Find the right partners or trust the experts to help you get the business basics in place right from the start.

Business insurance companies

What is an entrepreneur’s biggest obstacle?

Don’t let the details get in the way of your success. If there’s an opportunity, seize it! Your determination and actions will set the pace for the plan to evolve.

Business insurance companies

What are the biggest lessons you have learnt?

Your passion and skill is what drives your business. But the ultimate key to achievement is patience and know-how to take your small business to a sustainable and successful level into the future.

Business insurance companies

Curb excessive sick leave to prevent abuse of the system

Abuse of sick leave benefits among staff often present huge challenges for employers. Address this issue to prevent the exploitation of the system and increase the productivity of your workforce.

Business insurance companies

Doing business in other countries

Expanding your business across the border? First, find the right legal partner on the other side to help you understand and consider all the legal parameters, practicalities and infrastructure required to support your business.


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Business Insurance – Small Business Insurance, Progressive Commercial, business insurance companies.#Business #insurance #companies


Business Insurance

Customized to meet your specific business needs

Get the right coverage for your small business

From minimum coverage to specialized protection, our flexible options allow you to get your business insured accurately for each stage of your business’s development.

Basic business insurance

Accidents, illnesses, lawsuits If you’re in business, you’re exposed. While the number of risks you’re exposed to is almost unlimited, you might only need a few basic coverages to start out. For example:

  • General liability insurance – All small businesses, old and new, need general liability insurance. It’s basic liability protection that guards against things like accidents, injuries, property damage and lawsuits.
  • Commercial auto insurance – If you use vehicles for work, you’ll need commercial auto insurance to be fully covered. Personal policies don’t usually cover work related incidents. You’ll save up to 5% if you combine this with General Liability! Do you need a commercial auto policy? Find out here.

As your business grows

Most small businesses insurance needs quickly extend beyond basic liability and commercial auto insurance. Certain jobs require specific coverages, employees need protection, and a number of risks fall outside the protection of basic liability coverage.

When insurance coverages are packaged together, it’s often referred to as a Business Owners Policy, or BOP. Additional coverages in a BOP might include:

  • Property – This can protect your commercial buildings and most of your personal property. Both of which are not covered by liability insurance. Liability normally covers other people’s assets, not yours.
  • Business income interruption – If your policy includes coverage for property, you also have protection in the event of business interruption. For example, if you have a property claim that prevents you from operating your business, business income interruption coverage could help pay you for your lost income, employee salaries and rent expenses.
  • Professional liability – Do you give professional advice or provide a professional service? If so, you should probably carry professional liability insurance. This can be endorsed to your BOP.

While technically not part of a BOP, we also offer workers’ compensation insurance to help pay for things like medical costs and lost wages of employees who become ill or injured on the job.

Business insurance for contractors

We cater to the special needs of contractors by offering general liability as a stand-alone coverage for contractors who don’t need a full BOP. Learn more about what we offer contractors.

Business insurance cost

Many factors play a role in determining the cost of business insurance. The most influential usually are profession, number of employees and coverage needs. As you may imagine, these factors can vary greatly from business to business.

Getting a quote is easy! You can start a quote online, or simply call us. We also offer a step-by-step guide on how to get business insurance, and a quoting checklist for information you may need to gather beforehand. Our specialty commercial agents can also help you decide which coverages and limits you need to match your unique business situation.

Types of business insurance

From brick-and-mortar shops to contractors on the go, we insure most types of small businesses such as:

  • Stores
  • Garages
  • Restaurants
  • Manufacturers
  • Janitors
  • Beauty Salons
  • HVAC Services
  • Consultants
  • And many more

More value

In addition to outstanding customer and claims services, we also provide valuable discounts, fast online certificate services, flexible payment options, online bill payment capabilities and more. Call today for a complete rundown.


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Get Small Business Insurance from a Local Agent, Trusted Choice, business insurance companies.#Business #insurance

Small Business Insurance

The SBA defines a small business as one that employs fewer than 500 people. By this definition, there are more than 27 million small businesses currently operating in the United States. These can range from incorporated, self-employed individuals to community banks and construction firms. If you own a small business, it’s a good to consider acquiring the proper insurance to protect your business venture.

If you are one of the millions of entrepreneurial Americans who have started their own businesses, you can turn to an independent agent in the Trusted Choice В® network for guidance when shopping for small business insurance. These agents can work with several different insurance companies to provide you with several policies and premium rates to compare. Contact a member agent near you to start comparing small business insurance quotes today.

U.S. Small Business Statistics

  • There are currently more than 27 million small businesses in the U.S.
  • More than 70% of these businesses are owned and operated by a single person
  • 77 million people, or 57% of this country’s workforce, are employed by small businesses
  • Approximately 70% of all small businesses remain in operation 2 years after inception
  • Approximately 50% of all small businesses remain in operation 5 years after inception
  • 54% of small businesses are home-based

What Types of Insurance Do Small Business Owners Need?

Very small businesses often do not have employees and are therefore exempt from insurance requirements. However, if your company does have employees, you may need the following insurance for small businesses:

  • Workers compensation insurance: This coverage can be purchased either through your state’s worker’s compensation insurance program or through a commercial insurance agent. Refer to the guidelines set by your state or speak with an agent in the Trusted Choice network for more information.
  • Unemployment insurance: This coverage is paid for through unemployment insurance taxes collected by your state. Once you establish and register your business with your state’s workforce agency, you will begin paying this tax.
  • Disability insurance: Small business owners are currently only required to purchase this insurance for their employees if they are located in one of the following six locations: California, Hawaii, New Jersey, New York, Rhode Island or Puerto Rico. Otherwise, this coverage is optional.
  • Medical insurance: Under the recently passed Affordable Healthcare Act, small businesses that employ more than 50 people could be required to purchase healthcare coverage plans for employees. Medical insurance for small business does not have to be unmanageably expensive. A Trusted Choice member agent can help you find insurance providers that offer affordable rates through group insurance for small business.

Regardless of whether or not you have employees, you may want to consider the optional coverage provided by a small business insurance policy.

What Is Small Business Insurance?

Small business insurance is an optional insurance plan that provides you with the coverage necessary to keep your business operational, especially in the aftermath of a catastrophe or a lawsuit. Catastrophes can include fires, major weather events, and accidents with extreme losses. Lawsuits can also devastate your business. These insurance plans can be customized to meet the inherent risks faced by your particular business.

Nearly half of all businesses that are forced to temporarily stop operations because of a natural disaster fail within 5 years. Of those that are unable to resume operations within 10 days, nearly 80 percent close within one month. A solid business insurance policy can prevent this from happening by allowing your small business to remain profitable, even in the face of disaster.

Small Business Insurance Protects Against Property Loss and Damage

There are many different kinds of small businesses, all with varying degrees of property coverage needs. Here are some considerations:

  • If your company is home-based and your business equipment and materials have a value lower than $2,500, you might be best served by purchasing a business property rider on your homeowners or renters insurance policy.
  • If your assets are between $2,500 and $10,000, a home-business insurance policy may be your best choice.
  • If your property coverage demands exceed this amount or your business is located outside of your home, you will most likely need the protection of a small business insurance policy.

  • If you own the building in which your business is located, you will want to make sure that you purchase enough insurance to cover the structure of the building as well as any contents within. This coverage will provide the compensation necessary to repair or replace lost, damaged or stolen materials and equipment.
  • These policies almost always exclude damages caused by floods, so you will want to consider purchasing a flood insurance policy as well.
  • An agent in the Trusted Choice network can provide you with more information about various property coverage options as well as flood insurance policies, and help you choose the right small business insurance for your unique needs.

    Small Business Insurance Protects Against Liability

    Small business liability insurance is one of the most important components of your commercial policy. Different industries have different liability risks, and for this reason, small business insurance policies can be customized. You need only purchase the type or types of liability coverage you require. Your small business liability insurance options can include:

    • General liability: This covers most liability claims that may be brought against you. It protects against payments for bodily injury, property damage, libel and slander. It will also cover court costs and legal fees associated with covered events.
    • Professional liability: This coverage is also known as errors and omissions insurance. It protects your business from liability claims due to malpractice, negligence and errors. Some states may require certain businesses, such as those in the medical field, to have this coverage.
    • Product liability: This is important for companies that manufacture, distribute or sell products. If a product defect results in illness or injury, your company may be sued. This will provide coverage for this type of lawsuit.

    Your small business liability insurance rates will depend on how much coverage you purchase and the likelihood that your business will face liability charges.

    Insurance for Small Business Offers Other Coverage Options

    Small business insurance policies can be customized to fit your business plan. Some other coverage options include:

    • Loss of income insurance: If your business is forced to temporarily cease operations because of a covered event, this coverage can provide you with continued income so that you can pay employees and cover your monthly bills and expenses. This coverage is usually limited to one year.
    • Fidelity insurance: This coverage will shield you from losses resulting from the illegal actions of an employee, such as theft or embezzlement.
    • Commercial vehicle insurance: If you drive a car, taxi, truck, delivery van or other vehicle for your small business, you will typically need a commercial vehicle policy to cover your risks. If your employees drive while on the job, you will also need this coverage.

    Find the Right Insurance Policy for Your Small Business

    Small business insurance policies are as varied as the many different businesses that need them. An independent agent in the Trusted Choice network can help you assess your risks and build a policy that meets your coverage needs.

    Working with a member agent, you can quickly compile online small business insurance quotes, as well as quotes from other insurance companies your agent works with. Member agents have relationships with several different top-rated insurance companies, unlike captive agents who can only sell the products of one insurer. Contact an agent close to your home or business today to start comparing small business insurance quotes.


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    Compare Public Liability Insurance – MoneySuperMarket, insurance for business.#Insurance #for #business


    Public Liability Insurance

    Public liability insurance provides protection for small

    businesses and the self-employed. Compare quotes

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    What is public liability insurance?

    If you are running a business, public liability insurance protects you if a member of the public suffers an injury or if any of their property is damaged because of your business. It will cover legal costs and any compensation claims if your business is found to be at fault.

    What does public liability insurance cover?

    For injuries to a third party or damage to their property, whether an incident takes place on your business premises, a customer’s premises or elsewhere.

    Should a claim be made against you, cover will be provided to help you cover the cost of any legal proceedings.

    The cost of repairing damage (for example, to a client’s carpets if you are a plumber and do something in the course of your work which causes a flood).

    The cost of hospital treatment (including the cost of calling out an ambulance), if the NHS chooses to claim against you.

    Read our public liability FAQs page for information on what’s not covered.

    Insurance for business

    Insurance for business

    Do I need public liability insurance?

    Unlike employers’ liability insurance, public liability insurance is not a legal requirement. However, it is considered an essential among business owners, and in some professions you may find it impossible to trade without it.

    Compare public liability insurance quotes from UK insurers such as:

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    How much public liability cover do I need

    How much public liability cover you need will depend on the work you do

    Who needs public liability insurance

    Finding the right cover for a self employed business

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    Public liability insurance will not cover:

    • Accidents that happen to you.
    • Damage to your own property or accidents that affect your employees or their possessions.
    • Incidents like these should be covered under your generalbusiness insurancepolicy and / or your employers’ liability insurance policy, which is a legal requirement.

    What else do I need to know about public liability insurance?

    First and foremost, it’s important to note that the complete cost of any claim you need to make under public liability cover is unlikely to be met by your insurer. You are likely to have to pay an excess at a level agreed when you first set up your policy – for example, the first £250 or £500 of any claim.

    As a general rule of thumb, if you opt for a higher excess the price of your public liability insurance premium may come down – but it’s important to be sure you could genuinely afford to pay the excess in the event of a crisis.

    How can I compare public liability insurance deals?

    As with any form of insurance, it’s important to compare a variety of public liability insurance policies from different providers before buying. Check the levels of protection on offer as well as the annual premiums, and consider carefully where you should set your excess.

    MoneySuperMarket’s public liability insurance comparison channel will help you gather a selection of quotes within minutes, to help you find the best deal for you.

    Do I need public liability insurance?

    We’ve teamed up with Simply Business to help you compare a range of quotes from leading insurers. It’s quick and easy to complete a quote and you can buy a policy online in minutes.


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    Business Insurance quotes, Public Liability Insurance, NRMA, business liability insurance.#Business #liability #insurance


    Business Insurance

    Protect yourself and your business against claims for negligent acts, which cause personal injury and/or property damage to others with Public Liability Insurance.

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    NRMA Insurance is a provider of car insurance, motorcycle insurance, home insurance, business insurance, travel insurance, boat insurance, caravan insurance, life insurance, income protection and security in NSW, QLD, ACT TAS. Get your insurance quotes today. For insurance in other states and territories visit SGIO in WA or SGIC in SA. NRMA Insurance is part of the Insurance Australia Group. Business address 388 George St Sydney, NSW (This address is unable to assist with enquiries) for any question or queries please contact us.

    *National Roads and Motorists’ Association Limited ABN 77 000 010 506 (the NRMA) is a separate independent company from NRMA Insurance.

    For more information about our products visit our sitemap. Insurance (except Travel insurance and Income Protection) issued by Insurance Australia Limited ABN 11 000 016 722 trading as NRMA Insurance. When making decisions about our insurance policies you should consider the applicable Product Disclosure Statement.

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