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Essential coverages to meet client demands
When you also have equipment or operate from an office
All Basic plan benefits and:
Get protected against employment-related issues
All Standard plan benefits and:
*plus Workers Compensation
Business Owners Policy (BOP) combines the protection of all major property and liability risks in one package. A recommended insurance for small and mid-sized business as it combines several insurance policies in one; thereby, saving money compared to buying the policies individually.
General Liability insurance covers the expenses related to third-party injuries, property damage, and advertising mistakes. It is your business's first level of defense against the common liability claims and the most highly recommended insurance to purchase.
Workers' Compensation provides medical care, temporary disability benefits, payments of lost wages and other expenses related to your employee getting sick or injured at work. State laws often require this insurance, and if you meet the minimum number of employees for Workers' Compensation, you'll need to carry one or else face hefty fines imposed by the state.
Employment Practices and Liability Insurance (EPLI) provides coverage to your business against the wrongful acts arising from the employment process. This includes claims against wrongful termination, discrimination, sexual harassment, failure to promote, retaliation and other types of inappropriate workplace conduct.
In this industry, the workers maintain and repair electronics like cameras, photographic equipment, radios, stereos, televisions, and video cassette recorders or VCRs (without retailing new electronics).
Depending on the state you are in, insurance is often mandatory. You'll be faced with hefty fines when you do not carry a state-mandated insurance for your business, particularly if you meet the requirements to carry one.
Insurance safeguards your investment and minimizes financial risks. With insurance, unexpected risks like property damage due to fire or natural disaster, injury to your employee or lawsuits are minimized. The insurance covers the costs until the policy limits.
The type of business you offer comes with risks, and here are some of those:
Insurance cost depends on the size of your business, the number of employees you have, the nature of operations and other essential factors. The larger your business is the more insurance you'll need.
On average, expect to pay about $500 for General Liability insurance, $900 on Business Owners Policy and $1000 on Workers' Compensation per year.
Your rates could be lower. Use our online assessment tool to get a free quote or call our customer service representatives. We'll help you find the best rates for your insurance.
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.
We have one! How much could we have really improved the insurance purchase process? Try us! We ask only the questions you need to answer, nothing more.
We've built all our fancy tech from scratch, which allows us to get you certificates on demand, free of charge, and for us to find you savings.