Yes, if you have employees, most states require you to carry workers' compensation insurance.
The cost varies based on factors like the type of products sold, location, and number of employees. On average, it ranges from $500 to $2,000 annually for comprehensive coverage. ...
Retail stores typically need general liability, commercial property, and workers' compensation insurance. Depending on your business, you may also need cyber liability and product liability insurance. ...
Cyber insurance covers financial losses from data breaches and cyberattacks. It’s crucial for real estate businesses that handle sensitive customer information to protect against cyber threats. ...
Commercial auto insurance covers costs related to auto accidents involving business-owned vehicles. It’s required in most states and protects against injuries, property damage, theft, and vandalism. ...
A BOP bundles general liability and property insurance into one policy, providing comprehensive coverage at a lower cost. It’s highly recommended for real estate businesses to protect against common ...
Yes, general liability insurance protects property managers from risks like tenant injuries and property damage, making it a crucial policy for managing real estate properties.
Yes, E&O insurance is essential for real estate professionals as it covers legal fees and damages from professional mistakes or oversights. Some states require E&O insurance for licensing. ...
Yes, you can adjust your coverage to match your business needs. It’s important to review your insurance policies regularly and make changes as your business evolves. ...
Yes, even small businesses are at risk of cyberattacks and data breaches. Cyber liability insurance helps cover the costs associated with these incidents, including legal fees and notification costs. ...
