Small business insurance
The questions you’ll need to answer to get an insurance quote will vary based on the policy. If you have this information on hand before you apply, you can save time and avoid headaches.
A subcontractor could be sued for a number of reasons. Even if they’re not at fault, they could still face an expensive legal battle. Having the right kind of insurance can protect against this kind of risk. You may also need insurance to secure certain contracts, especially when dealing with government entities.
Professional liability insurance provides financial protection against legal disputes over professional mistakes. Learn more about coverage, costs, and other considerations.
Lawsuits, even frivolous lawsuits, can cost your business valuable time and money. Business insurance can provide peace of mind and financial protection against legal costs.
Typically, you need to contact your insurance carrier directly when you want to file a commercial insurance claim. But the steps you take may differ based on whether you're filing a property claim or a liability claim.
A qualifying event is any significant change to your business that affects your insurance requirements.
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.
An expiration date is the day your insurance policy lapses. Your insurance coverage will typically end at midnight on your policy's expiration date.
Underwriting is the process of assessing risk by looking at a tech company's credit score, claims history, and other factors.
A grace period is the additional time your insurance company gives you to pay your premium before your coverage expires.
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.
