When you also have equipment or operate from a store
All Basic plan benefits and:
Get protected against employment-related issues
All Standard plan benefits and:
*plus Workers Compensation
Business owners are subject to a lot of liability risks. Business Owners Policy (BOP) will help mitigate these risks by putting a combination of liability and property coverage under one insurance policy. This provides more savings compared to buying insurances individually.
General Liability insurance is a coverage that can protect your business from a variety of claims including property damage, third-party bodily injury and advertising claims. Any of these could arise from your everyday business operations, placing a huge dent in your business finances without the proper coverage.
Workers' Compensation is a requirement in most states once you meet the minimum number of employees stated by law. The insurance will cover medical and rehabilitation expenses, and lost wages for employees who become ill or injured on the job. In addition, the employee is not allowed to sue for employer negligence after their illness or injury.
There are many reasons to have insurance. It is almost like a credential for your business. When you have a high level of coverage, you demonstrate that you are a respectable business that fully understands your responsibilities. If you employ people, carrying insurance is a legal requirement. In the event of an accident or injury, you are legally responsible. It is also important to protect your finances. When your property is destroyed by fire or flood, the disruption of your work can have a lot of consequences. Criminals could steal your property; thereby hindering your profits.
Running an appliance repair business comes with risks, here are some of them:
There is no average insurance cost for appliance repair services. But on average, a General Liability policy costs at a median of $400 in annual premiums. Business Owners Policy (BOP) has a median cost of $900 in annual premiums. Product Liability insurance costs about $300 annually.
CoverWallet utilizes state of the art technology to help small businesses understand and buy customized coverage, get significant savings and conveniently manage their insurance, in a matter of minutes, all through our online platform.
You wanted better protection and cheaper pricing. So did we. We baked that dream into everything we've set out to accomplish in building our award winning platform.
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