Small business insurance

A qualifying event is any significant change to your business that affects your insurance requirements.

An insurance binder is a temporary document provided by the insurance company to serve as proof of insurance until the insured party receives their actual policy.

Insurance agents are licensed professionals who help small business owners protect their companies with insurance. When you file a claim or need to increase your coverage, your insurance agent may be your first point of contact.

A grace period is the additional time your insurance company gives you to pay your premium before your coverage expires.

An expiration date is the day your insurance policy lapses. Your insurance coverage will typically end at midnight on your policy's expiration date.

An ACORD certificate of liability insurance is a document that provides a summary of your business insurance policy and proves you have liability insurance coverage.

The average premium cost for professional liability insurance (also called errors and omissions insurance) is about $60 per month. Your industry and the scope of your services affect the exact cost of this policy.

Technology errors and omissions insurance (tech E&O) and cyber insurance are two forms of protection against cyberattacks for small businesses. While tech E&O focuses on cybersecurity errors that harm your clients, cyber insurance offers financial coverage for breaches that directly affect your business.

Both professional liability insurance and errors and omissions (E&O) insurance offer financial protection from client lawsuits over unsatisfactory work. They’re essentially the same types of coverage for mistakes in professional services.

There's a wide range of business insurance policies that protect against different kinds of lawsuits and accidents. Find answers to your questions about insurance coverage, requirements, and costs.

The cost of small business insurance primarily depends on which policies you buy. The most common policy, general liability insurance, has an average cost of $42 per month.

Commercial insurance protects businesses, freelancers, and independent contractors against liability lawsuits, property damage, cyberattacks, and other risks that could devastate your company.

At TechInsurance, our #1 priority is to help you get affordable business insurance that meets your company's unique needs. That's why we partner with top-rated insurance providers that offer the best insurance plans for our customers.