Running a cleaning business involves dealing with several risks. Employees might accidentally damage client property, steal from customers, or get hurt from using strong chemicals. That’s why it’s crucial for cleaning and janitorial companies to have business insurance. This includes general liability insurance, workers’ compensation, and fidelity bonds to safeguard their finances when issues arise. …
Finance/
Insurance
Business Income Insurance: What It Is & How It Works?
Business income insurance, often called business interruption insurance, offers a financial lifeline by covering lost income when a company’s physical assets suffer damage, preventing normal operations due to specific risks outlined in your policy. These policies prove invaluable during prolonged shutdowns. They ensure you can still pay your team, settle rent, and keep essential services …
If you’re running your business, getting insurance like general liability, commercial auto, or a Business Owner’s Policy can shield your work and personal assets from lawsuits and other risks. You can often grab the needed coverage in just a few minutes online. >> Find the Right Coverage for Your Business With NEXT >> What Is …
Accidents can cause significant financial setbacks for small businesses. A burst pipe or severe weather could destroy your office and equipment, while a fire could wipe out your inventory and business records. This is why commercial property insurance is crucial. In this article, you’ll learn all about this essential insurance, how to obtain it, and …
Launching a catering business merges a love for food with the excitement of planning unforgettable events. However, dealing with food, managing staff, and working at various venues comes with its own set of risks. Catering business insurance exists to shield you from these potential hazards, ensuring your venture can handle unexpected challenges and succeed in …
Starting a business can become expensive quickly. With the growing number of bills, it might be tempting to skip purchasing business insurance. However, business insurance protects your company assets in the event of accidents, certain natural disasters, and other operational interruptions. Without business insurance, you would have to cover any claims or damages out of …
Business insurance costs can vary widely. For example, shoppers who buy general liability insurance from NEXT pay an average of $11 per month, while those purchasing from The Hartford pay an average of $67 per month. Why such a big difference? Multiple factors affect the cost of business insurance, such as the specific policies you …
Business insurance safeguards companies against losses from various risks, including property damage, legal liability, and employee injuries. Several types of business insurance policies are available, such as commercial property insurance, General Liability (GL) insurance, professional liability insurance, commercial auto insurance, and workers’ compensation insurance. >> Explore NEXT for Comprehensive Coverage >> What Is Commercial Insurance? …
