Does a small business need commercial auto insurance on a personal car?

Commercial Auto Insurance - hands surrounding car

Small business can use personal vehicles for work, but personal policies may not cover it. Commercial auto insurance also goes by a number of other names, such as business auto, commercial vehicle, commercial car, truck, or fleet insurance. The name depends on the type of vehicle being insured, but the concept is all the same. This type of policy protects you company from financial responsibility in the case of a collision. If an auto collision should happen, it’s the commercial auto insurance that protects the company from being financially responsible…

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Professional liability insurance protects small businesses from civil lawsuit costs

Professional Liability Insurance - lawsuit - money

The expense of malpractice, negligence, common mistakes, and misrepresentation claims suits could be devastating. Professional liability insurance, also known as Errors & Omissions coverage, is the type of policy that protects a business against civil lawsuits. Many small businesses assume that this is an unnecessary coverage because of their size but in our highly litigious society, it is a greater requirement than they realize. This type of coverage is also known as an E&O, professional indemnity or malpractice policy. No matter what you call it, professional liability insurance protects a…

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Business owners insurance is an entrepreneur’s best friend

Business Owners Insurance - Open sign on shop door

This coverage is ideal for most small and medium sized companies and can be easily bundled. Business owners insurance is a combination of different policies that cover small and medium sized companies. Carriers create these bundles to provide just the type of protection businesses of this size require, as large corporations require coverage with far greater complexity and customization. Also known as business owners policy (BOP), it is multiple coverages in a single package. Business owners insurance usually contains the following types of coverage, all contained within a single bundled…

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Insurance Tips for Entrepreneurs

Insurance tips for entreprenuers

When you are starting a new business, insurance is often one of the last things that you stop to think about. You know that you need it, but it’s rarely a priority, especially if money is already tight. However, starting and running a new business is always a risk, and the right insurance can help you reduce many of those potential threats. Much of business management is about limiting exposure to risks, and that’s why your insurance needs to be in place at the right time and with the right…

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Bicycle repair business insurance for shops protects your financial future

Bicycle Repair Business Insurance - Man repairing bike

These types of store typically offer a wide variety of different kinds of products and services. Bicycle repair business insurance can look a lot like other types of store coverage. That said, it’s important to make sure your policies are fitted to your unique needs. Clearly, this may not be the same as those of a bookstore or hair cutter’s salon. Your company may offer repairs, product sales, as well as safety courses and other types of training. As a result, there are various types of bicycle repair business insurance…

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Your resume writing business insurance protects you from catastrophe

Resume Writing Business Insurance - person writing

Your company takes on substantial risk by providing this service, but the right coverage keeps you safe. Resume writing business insurance is designed to protect your financial assets. It should be considered a powerful investment into your company’s present and future. Remember that you carry the same risks as any other writing service, but with the added specifics of a CV. The main component of resume writing business insurance has to do with liability protection. Naturally, there is more than that, but this is most certainly the jumping off point…

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Is makeup artist insurance really necessary for your one-person business?

Makeup artist insurance - professional makeup application

There are many factors to take into consideration, including local laws obliging you to buy coverage. When your small business consists of just yourself applying cosmetics for people heading to important events, you may wonder if makeup artist insurance is truly necessary. Before you decide that it’s not a necessity for you, it’s important to know your local regulations. Depending on where you live, you may not legally be required to purchase makeup artist insurance. In other areas business liability coverage require it by law. Be sure to check your…

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