\n
\nWhy is general liability insurance important?
\nGeneral liability insurance protects against the most common risks of running a business.
\n
\nThis business liability insurance coverage pays for legal costs if a customer trips and suffers an injury at your business, or if you accidentally damage someone's property. This policy also covers personal and advertising injuries, such as libel and copyright infringement.
\n
\nSmall business owners often need general liability insurance to fulfill requirements for a lease, loan, or contract. For example, a landlord might ask to see a certificate of insurance when you sign a commercial lease.
\n
\nGeneral liability coverage is a crucial component of risk management for small businesses, and it's affordable. The median premium is about $42 per month for Insureon customers.
\n
\nGeneral liability coverage is essential if your business:
\n - Has a location that is open to the public
\n - Works closely with customers or clients
\n - Handles client property
\n - Rents or owns commercial property
\n
\nWhat does general liability insurance cover?
\nGeneral liability insurance provides coverage for common liability claims from third parties (people outside your business).
\n
\nThis business insurance policy covers legal defense costs if someone sues over a bodily injury, property damage, or advertising injury. Your policy can pay for everything from hiring a lawyer to court-ordered judgments and settlements.
\n
\nSpecifically, your commercial general liability (CGL) policy provides coverage for:
\n
\n\t- Third-party bodily injuries
\n\t If a customer is hurt in an accident at your business, general liability insurance can help pay for medical expenses. It also covers legal expenses if a customer sues over the injury.
\n
\n\t- Third-party property damage
\n\t A general liability insurance policy can cover expenses when your business accidentally damages or destroys another person’s property.
\n
\n\t- Product liability
\n\t Not all property damage or customer injuries happen inside a store. If a business manufactures, distributes, or sells products, it can be sued over the harm its products cause to people or property.
\n
\n\t Most commercial general liability (CGL) policies include product liability insurance. This type of coverage helps pay for lawsuits and other financial losses related to defective products, labeling errors that harm customers, and other product risks.
\n
\n\t- Personal injuries and advertising injuries
\n\t If someone sues a business owner or employee over slander, libel, false arrest, or copyright infringement, general liability insurance can help pay for legal defense costs and any resulting settlement or judgment.
\n
\nHow much does general liability insurance cost?
\nGeneral liability insurance premiums are calculated based on a few different factors, including:
\n
\n - Amount of coverage
\n - Industry and risk factors
\n - Location
\n - Number of employees
\n
\nGeneral liability insurance typically costs an average of $42 per month. This is based on the average cost of a general liability insurance policy. 29% of Insureon’s small business customers pay less than $30 per month for their policies.
\n
\nWho needs general liability insurance?
\nMost companies need this insurance, especially if you rent or own an office or commercial space. Even if that doesn't apply to you, small businesses that work directly with clients and customers benefit from general liability insurance.
\n
\nThis insurance policy can keep your company financially stable if you’re sued by a customer or competitor. Because general liability insurance provides such important coverage, most small business owners buy the policy right after they start their business.
\n
\nWhat does general liability insurance not cover?
\nWhile general liability insurance is crucial for most small businesses, it does not provide all the protection you need. For instance, your policy does not include coverage for:
\n
\n\t- Professional errors
\n \t Professional liability insurance, also called errors and omissions insurance (E&O), can cover lawsuits over professional mistakes, including undelivered services and missed deadlines. This policy can apply to many professions, including: architects, consultants, interior designers, real estate professionals, tax preparers, and more.
\n
\n\t- Employee injuries
\n \t Workers' compensation insurance is the policy that covers medical expenses and disability benefits for employees who are injured on the job. It's required in most states for businesses that have employees. In most cases, labor-intensive businesses often purchase this policy, but it can be beneficial to accounting firms, computer repair professionals, house cleaners, photographers, and more.
\n
\n\t- Stolen or damaged business property
\n\tA business owner's policy (BOP) helps pay for replacement of stolen business property. It also covers business property damaged by a fire or certain weather events. This policy combines general liability insurance with commercial property insurance at a discount. This bundle is ideal for low-risk businesses such as advertising agencies, churches and religious organizations, day spas, insurance agents, and more.
\n
\n\tSimilar to a BOP, a commercial package policy (CPP) also packages these coverages, but is generally purchased by high risk small and medium-sized businesses. With broad underwriting and customizable limits, a CPP allows business owners to address the specific risks they face with the right amount of coverage.
\n
\n\tEmployment practices liability insurance (EPLI) can cover lawsuit expenses related to employee claims of harassment, discrimination, and wrongful termination. Good candidates for EPLI coverage are retail, food services, manufacturing, and healthcare professions.
\n
\n\t- Vehicles used by a business
\n \tPersonal auto insurance policies almost always exclude business use. Most states require that vehicles owned by a business must be covered by commercial auto insurance. Some professions that should consider commercial auto insurance are: construction and installation, cleaning, and landscaping businesses.
\n
\n\tPersonal, leased, and rented vehicles used for work purposes can be covered by hired and non-owned auto insurance (HNOA), which you can add to a general liability policy.
\n
\n\t- Liquor liability
\n \tLiquor liability insurance covers legal fees from incidents involving people who became intoxicated at your business. That could include drunk driving, assault, and vandalism.
\n
\n\tThis policy is required for businesses that serve alcohol. You can purchase it as a standalone policy or add it to your general liability policy. A few industries in particular that should carry this coverage are restaurants, food trucks, convenience stores, and breweries.
\n
"}}},{"id":"0078de77-f796-45f7-b1bc-bd9f9c4c44f4","url":"/shared/policy-recommendation-tool-settings/recommended-policy-data/business-owners-policy","name":"Business Owners Policy","displayName":"Business Owners Policy","fields":{"policyIcon":{"value":{"src":"https://cleanttteam.com/-/media/insurance-policies/insurance-policy-icons/insurance-policy-icons-color/48px/insurance-policy-icons-purple/icon_policy_business-owners-policy.svg?h=48&iar=0&w=48&rev=16acf31a188b41c2897485ea8e860775","alt":"Business owner’s policy icon","width":"48","height":"48","title":"Business owner’s policy icon"}},"policyCode":{"value":"BOP"},"policyTitleText":{"value":"Business Owner's Policy (BOP)"},"policyModalTitle":{"value":"Business Owner's Policy"},"detailedPolicyDescription":{"value":"\t- Employee discrimination lawsuits
\n\t Employment practices liability insurance (EPLI) can cover lawsuit expenses related to claims of harassment, discrimination, and wrongful termination.
\n
\n\t- Vehicles used by a business
\n\t Commercial auto insurance provides coverage for business vehicles. It’s required in most states when your business owns the vehicle or you use it primarily for work.
\n
\n\t- Destroyed payment records
\n\t If a fire or other incident destroys your customer records, you could have trouble collecting outstanding payments. This is not a covered loss of commercial property insurance, unless your policy has an accounts receivable endorsement.
Commercial auto insurance covers legal bills, medical expenses, and property damage if a business vehicle is involved in an accident.
\n
\nWhy is commercial auto insurance important?
\nIf your company owns a car, you will very likely need commercial auto insurance. Nearly every state requires commercial auto insurance coverage for business-owned vehicles.
\n
\nNew Hampshire and Virginia are the only states where auto insurance isn’t required. However, drivers are still responsible for any damages they cause.
\n
\nYou can rely on commercial auto insurance for financial protection if you or an employee needs medical care or faces legal expenses due to an automobile accident. If you don’t carry commercial vehicle insurance, your business will be responsible for any medical bills and legal fees, which can get expensive.
\n
\nEven when business auto insurance coverage isn’t required, it’s still a smart choice. Without it, you could end up paying thousands of dollars in medical bills and other costs.
\n
\nBusinesses that purchase commercial auto insurance often:
\n\t- Have a vehicle titled to their business
\n\t- Drive to and from worksites
\n\t- Carry tools, equipment, or products used for work
\n\t- Transport clients or employees
\n\t- Rely on delivery drivers or couriers
\n
\nWhat does commercial auto insurance cover?
\nCommercial auto insurance helps cover medical payments and property damage related to an accident. This coverage includes legal expenses if you’re sued. A policy may also cover vehicle theft, vandalism, and other losses and damages.
\n
\nSpecifically, commercial auto insurance coverage includes:
\n
\n\t- Auto accident liability
\n\tCommercial auto insurance includes property damage liability coverage that helps pay for damages in an accident you caused. That could include:
\n
\n\t\t- Repair costs for the other person's damaged vehicle or property
\n\t\t- Legal expenses if you're sued over the other driver's injuries
\n
\n\t- Medical payments
\n\t Commercial auto insurance policies that include medical payments, or bodily injury liability, coverage can pay for:
\n
\n\t\t- Your medical expenses for bodily injuries from a car accident
\n\t\t- Medical expenses for passengers in your vehicle
\n
\n\tThis coverage is available regardless of who caused the accident.
\n
\n\t- Physical damage and collision
\n\tCommercial automobile insurance protects against vehicle theft and physical damage, as well as provides comprehensive coverage for non-collision damages, such as:
\n
\n\t\t- Vandalism
\n\t\t- Fire and certain weather events
\n\t\t- Impact with another object
\n
\n\t- Accidents involving uninsured motorists
\n\tAbout one in eight drivers in the United States are uninsured, according to the Insurance Research Council. When they cause accidents, they might not be able to pay for damages.
\n
\n\tYour policy's uninsured motorist coverage makes sure your business doesn’t have to pay for the resulting medical expenses or vehicle repairs.
\n
\nHow much does commercial auto insurance cost?
\nCommercial auto insurance costs an average of $147 per month. 37% of Insureon small business customers pay less than $100 per month for their policies.
\n
\nYour cost is calculated based on a number of factors, including:
\n
\n\t- Number of vehicles
\n\t- Type of vehicle and value
\n\t- Level of risk involved
\n\t- Claims history
\n\t- Employee driving records
\n\t- Policy deductible and limits
\n
\nWho needs commercial auto insurance?
\nCommercial auto insurance benefits a variety of industries that utilize business vehicles. It is designed for both businesses and independent contractors that need a company vehicle in order to operate their business.
\n
\nHowever, there are a few specific professions who need commercial auto coverage options more often than others, including:
\n
\n\t- Construction and installation
\n\t- Consulting
\n\t- Cleaning
\n\t- Landscaping
\n
\nWhat does commercial auto insurance not cover?
\n
\n\t- Personal or leased vehicles
\n\tCommercial auto insurance does not cover leased or personal vehicles used for business purposes. However, your business can still be held accountable if an employee gets into an accident in a personal or leased vehicle.
\n
\n\tHired and non-owned auto insurance is the appropriate policy for vehicles that your business uses but does not own. This policy will provide protection for employees who drive their own or leased cars for work purposes.
\n
\n\tIn addition, lease gap insurance is an endorsement you can add to your commercial auto policy that covers the total loss of a leased or financed vehicle. Another endorsement to consider is drive other car insurance, which covers non-owned vehicles that employees or executives may rent or borrow.
\n
\n\t- Recently purchased vehicles
\n\tIf you purchase a business vehicle and it's not yet covered by your commercial auto insurance policy, you would be responsible for any liabilities that may occur to the vehicle.
\n
\n\tIn order to protect any recently purchased business vehicles, you should get any auto liability insurance, which offers a temporary extension of your commercial auto coverage. It can also cover any hired and non-owned vehicles that you use for your business.
\n
\n\t- Customers' vehicles
\n\tIf your business is storing or performing service on a customer's vehicle, it would be not covered under your commercial auto insurance. If something were to happen to your customer's vehicle, such as damage from a break in, you would be responsible for repair and other related expenses.
\n
\n\tGarage keepers liability coverage would insure your customer automobiles while it is in your care, custody and control.
\n
\n\t- Garage business risks
\n\tIf you have a garage-based or auto service business, your commercial auto insurance policy does not protect against common garage operation risks, such as a customer slipping and falling on leaked motor oil.
\n
\n\tGarage liability insurance is a type of general liability insurance that covers the many risks associated with automotive business operations. This includes customer injuries and legal costs from lawsuits.
\n
"}}},{"id":"d251cbe1-fe3a-46b3-886c-41c3461e4a6b","url":"/shared/policy-recommendation-tool-settings/recommended-policy-data/commercial-umbrella","name":"Commercial Umbrella","displayName":"Commercial Umbrella","fields":{"policyIcon":{"value":{"src":"https://cleanttteam.com/-/media/insurance-policies/insurance-policy-icons/insurance-policy-icons-color/48px/policy-icon_umbrella-excess-liability--color-48.svg?h=48&iar=0&w=48&rev=7383603b77594d32af18d512132eb943","alt":"Umbrella / excess liability insurance icon","width":"48","height":"48","title":"Umbrella / excess liability insurance icon"}},"policyCode":{"value":"UB"},"policyTitleText":{"value":"Commercial Umbrella"},"policyModalTitle":{"value":"Commercial Umbrella Insurance"},"detailedPolicyDescription":{"value":"Once a policy’s limit is reached, commercial umbrella insurance provides additional coverage for liability claims made on general liability, commercial auto, or employer’s liability insurance.
\n
\nWhy is commercial umbrella insurance important?
\nBusiness owners who purchase commercial umbrella insurance usually need it to fulfill a contract that requests higher than standard policy limits.
\n
\nCommercial umbrella insurance offers extra liability coverage for the most expensive lawsuits. For example, if a covered lawsuit maxes out your general liability insurance policy but you still owe money for damages, business umbrella coverage can provide additional funds to make up the difference.
\n
\nUmbrella liability insurance can supplement your coverage provided by:
\n
\n\t- General liability insurance
\n\t- Employer's liability insurance (often included in workers' compensation)
\n\t- Commercial auto insurance or hired and non-owned auto (HNOA) insurance
\n
\nCommercial umbrella insurance can boost coverage for any (or all) of these policies in $1 million increments. Before you can purchase umbrella liability insurance, however, an insurer will require you to carry a certain amount of coverage for the underlying policy.
\n
\nBusinesses that buy umbrella insurance coverage:
\n\t- Have insurance but need to close the gap on requirements above $2 million
\n\t- Have high liability risks, such as a business location with a lot of foot traffic
\n\t- Need more liability protection across several policies
\n
\nWhat does commercial umbrella insurance cover?
\nCommercial umbrella insurance policies have the same terms and cover the same risks as the underlying business insurance policy.
\n
\nSpecifically, umbrella insurance can help provide additional coverage for the following:
\n
\n\t- Slip-and-fall injuries
\n\t When you add commercial umbrella insurance (or excess liability insurance) to your general liability insurance, it can cover your legal expenses if someone gets injured on your business property.
\n
\n\t- Third-party property damage
\n\t When you add commercial umbrella insurance to a general liability policy, it helps pay for legal bills related to destroyed or damaged third-party property.
\n
\n\t- Car accident liability
\n\t When you add commercial umbrella insurance to a commercial auto insurance or hired and non-owned auto insurance policy, it helps cover costs if someone sues for damages caused by your vehicle.
\n
\n\t- Employee injury lawsuits
\n\t When you add commercial umbrella insurance to employer's liability insurance (typically included in workers' compensation insurance), it helps pay for employee lawsuits over work injuries.
\n
\nHow much does commercial umbrella insurance cost?
\nFor Insureon customers, commercial umbrella insurance costs on average about $75 per month for each $1 million of additional coverage.
\n
\nSeveral factors affect umbrella policy costs, including:
\n
\n\t- Industry and risk
\n\t- Coverage limits
\n\t- Location
\n\t- Number of employees
\n\t- Number of vehicles
\n
\nHow does commercial umbrella insurance work?
\nThink of commercial umbrella insurance coverage as a safety net. Your other liability policies are your first line of defense. When you need an added layer of protection on a claim that exceeds the limits of your primary policy, your business umbrella insurance can pick up the slack.
\n
\nHere's when you need it
\nLet's say you have a commercial general liability policy with a $2 million per-occurrence limit, which means it can pay up to $2 million toward your legal expenses.
\n
\nIf a client suffers a serious injury after tripping and falling at your business, and decides to sue, the medical expenses, legal fees, and damages could add up to $2.5 million. After hitting your general liability limit, you would still have a $500,000 bill.
\n
\nHere's how it helps cover expenses
\nAn umbrella liability policy can help cover the expenses that exceed your underlying policy's limit. For the case above, a business umbrella policy would cover the additional $500,000.
\n
\nBasically, you can make a claim on umbrella insurance when each of the following occurs:
\n
\n\t- Your business is sued over third-party bodily injury or property damage.
\n\t- The cost of the lawsuit is more than the limit of the underlying coverage.
\n
\nWho needs a commercial umbrella policy?
\nCommercial umbrella insurance used to be a policy that only big businesses bought. These days, more small businesses invest in commercial umbrella insurance due to the rising cost of lawsuits and medical expenses.
\n
\nYou should consider an umbrella liability policy if:
\n\t- You want to sign a big client who requires more liability insurance
\n\t- You have lots of contact with the public
\n\t- Your business owns vehicles
\n\t- Your work is hazardous
\n
\nWhat does commercial umbrella insurance not cover?
\nWhile umbrella insurance does expand coverage limits for a number of policies, it does not provide all the protection that a small business might need.
\n
\nFor instance, an umbrella policy does not cover:
\n
\n\t- Damages within the underlying policy limits
\n\tUmbrella liability insurance does not become active until the underlying policy has reached its limits. And as with any policy, it does not provide coverage beyond its own policy limits.
\n
\n\t- Business property damage
\n\tBusiness umbrella insurance can only be added to liability policies, not property insurance.
\n
\n\tThe commercial property insurance portion of a business owner's policy (BOP) or commercial package policy (CPP) can help pay for repair or replacement when your business property is damaged by fire, theft, or covered weather-related events.
\n
\n\t- Professional errors
\n\tProfessional liability insurance, also called errors and omissions (E&O) insurance or malpractice insurance, can cover lawsuits over professional mistakes, including undelivered services and missed deadlines.
\n
\n\tYou can boost the limits on this policy with excess liability insurance, also called excess E&O, which is very similar to umbrella insurance.
\n
\n\t- Employee theft
\n\tCommercial crime insurance, a type of fidelity bond, is needed to financially protect your business from criminal acts committed by employees against customers or clients.
\n
\n\tUnlike insurance, bonds only reimburse damages up to the size of the coverage that was purchased. Umbrella insurance could not be used to provide coverage beyond that limit.
\n
"}}},{"id":"139dd472-83a8-466f-8529-a0417488fe02","url":"/shared/policy-recommendation-tool-settings/recommended-policy-data/cyber-insurance","name":"Cyber Insurance","displayName":"Cyber Insurance","fields":{"policyIcon":{"value":{"src":"https://cleanttteam.com/-/media/insurance-policies/insurance-policy-icons/insurance-policy-icons-color/48px/insurance-policy-icons-purple/icon_policy_cyber-liability.svg?h=48&iar=0&w=48&rev=2eb57c4d83c44dc7a2099cdd800670d0","alt":"Cyber liability icon","width":"48","height":"48","title":"Cyber liability icon"}},"policyCode":{"value":"CYB"},"policyTitleText":{"value":"Cyber Liability"},"policyModalTitle":{"value":"Cyber Liability Insurance"},"detailedPolicyDescription":{"value":"Cyber liability insurance, also called cybersecurity insurance, protects small businesses from the high costs of a data breach or malicious software attack. It covers expenses such as customer notification, credit monitoring, legal fees, and fines.
\n
\nWhy do small businesses need cyber insurance?
\nCyberattacks and data breaches are expensive and increasingly common. Small businesses often have weak cybersecurity and large vulnerabilities, which makes them an attractive target.
\n
\nA cyberattack isn't just an inconvenience – it can put you out of business. In fact, 60% of small businesses go under within six months of a cyberattack.
\n
\nCyber insurance coverage helps your business recover from financial losses caused by cyberattacks and data breaches. It can pay for credit monitoring, attorney's fees, fines, and other costly expenses.
\n
\nBusinesses that purchase cyber insurance typically handle:
\n\t- Credit card or bank account information
\n\t- Medical information
\n\t- Social Security numbers or driver's license numbers
\n\t- Customer names, email addresses, phone numbers, and addresses
\n\t- Cybersecurity for other businesses
\n
\nWhat does cyber liability insurance cover?
\nCybersecurity insurance covers costs associated with data breaches and cyberattacks, including the cost of recovering important data and hiring legal representation.
\n
\nThere are two types of cyber liability insurance coverage: first-party coverage and third-party coverage.
\n
\nMost businesses need first-party cyber liability insurance to defend against their own cyber risks, especially if they handle personally identifiable information (PII) for customers.
\n
\nCompanies that are responsible for their clients' cybersecurity would need third-party cyber liability insurance to provide legal protection from client lawsuits.
\n
\nWhat is first-party cyber liability insurance?
\nFirst-party cyber liability insurance, sometimes called data breach insurance, covers costs related to a data breach or cyberattack that directly impacts your business.
\n
\nYou can often add this coverage to your general liability insurance. It’s recommended for businesses that collect personal information, such as customer credit card numbers or email addresses.
\n
\nSpecifically, first-party cyber liability insurance can help cover:
\n
\n\t- Data breach response costs
\n\t State laws typically require a response when a business is impacted by a data breach. Cyber insurance helps cover costs associated with hiring a digital forensic expert to investigate the breach, customer notifications, consumer credit and fraud monitoring services, as well as Payment Card Industry (PCI) compliance fines.
\n
\n\t- Business interruption expenses
\n\t When a cyber incident brings necessary systems offline or otherwise grinds business to a halt, cyber insurance can help cover business interruption expenses, such as the cost of hiring additional staff or renting equipment. This includes purchasing third- party services, such as hiring a public relations manager or crisis management team.
\n
\n\t- Ransomware payments
\n\t If a hacker encrypts private information about your company or its employees and holds it for ransom, cyber liability insurance will help with payments to meet cyber extortion demands.
\n
\nWhat is third-party cyber insurance coverage?
\nThird-party cyber liability coverage helps pay for legal costs when a client sues your company for failing to prevent a data breach or cyberattack at their company. This insurance is recommended for technology businesses that make software recommendations to clients or are responsible for their network security.
\n
\nThird-party coverage can be bundled with your errors and omissions policy into what is known as technology errors and omissions insurance, or tech E&O.
\n
\nSpecifically, third-party cyber insurance can help cover:
\n
\n\t- Legal defense costs
\n\t If a client sues your business for failing to prevent a data breach at their business, cyber liability insurance could help cover attorney's fees and other legal costs for your defense in court.
\n
\n\t- Settlements
\n\t If your business faces a lawsuit from a client who experienced a data breach, you and the client could decide upon a settlement out of court that would amend the damages they experienced.
\n
\n\t- Court-ordered judgments
\n\t If a client accuses you of being responsible for a data breach at their business and sues your company, you may be legally obligated to pay for damages from any judgments in the lawsuit.
\n
\nHow to protect your business from cyberattacks
\nCyberattacks are expensive and can take a long time to resolve. A study by IBM and the Ponemon Institute put the average cost of a data breach at $3.86 million. The average time to identify and contain a breach was 280 days.
\n
\nA cyber liability insurance policy can help pay for:
\n
\n\t- Mandatory notification of affected parties
\n\t- Investigating and fixing security flaws
\n\t- Several years of credit monitoring services for affected customers
\n\t- Loss of business opportunities
\n\t- Complete our easy online insurance application to get free cyber liability insurance quotes that meet the needs of your small business.
\n
\nHow much does cyber liability insurance cost?
\nInsureon customers pay an average premium of $145 per month for cyber insurance. The cost of cyber liability insurance is based on several factors including:
\n
\n\t- Amount of sensitive data handled
\n\t- Your industry
\n\t- Coverage limits
\n\t- Number of employees
\n
\nAll of these factors will be instrumental in determining how much cyber liability insurance your small business needs.
\n
\nWho needs cyber insurance?
\nCyber liability insurance, sometimes called cybersecurity insurance, is a key policy for companies that operate in cybersecurity, work in a cloud environment, or handle sensitive customer information, such as credit card numbers.
\n
\nWhile any business can fall victim to a data breach or cyberattack, a few industries are particularly vulnerable, including:
\n
\n\t- IT professionals
\n\t- Retailers
\n\t- Healthcare organizations
\n\t- Financial service providers
\n
\nWhat does cyber liability insurance not cover?
\nWhile cyber insurance covers costs related to cyber threats, it does have a number of coverage exclusions. For example, it does not cover data loss caused by a power outage.
\n
\nOther exclusions from cyber liability insurance coverage include:
\n
\n\t- Mistakes and oversights
\n\tProfessional liability insurance, also called errors and omissions insurance, covers the costs of lawsuits over mistakes and oversights. This policy also covers legal costs related to professional negligence.
\n
\n\t- Data loss caused by accidental damage
\n\tWhile a cyber insurance policy covers data lost in a software attack, it does not insure data lost from accidental physical damage to a network or storage device.
\n
\n\tElectronic data liability coverage expands the property damage coverage in a business owner's policy (BOP) to include a loss of data caused by accidental damage to a customer’s computer, hard drive, or other data storage equipment.
\n
\n\t- Data loss from natural occurrences
\n\tIf you experience data loss during a power surge, fire, or natural disaster, you would need electronic data processing (EDP) insurance. You can typically bundle this coverage in a business owner's policy. It provides protection for data loss in your electronic data processing equipment, such as computers and backup systems.
203 N. LaSalle, 20th Floor, Chicago, IL 60601, United States
\nThe information provided on this website does not constitute insurance advice. All content and materials are for general informational purposes only. Complete Insureon's online application and contact one of our licensed insurance professionals to obtain advice for your specific business insurance needs.
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"},"errorMessage":{"value":"Please type your profession to get your free quotes."},"escapeLinkHref":{"value":"tel:+18006881984"},"escapeLinkText":{"value":"Or call us at (800) 688-1984"},"mobilePlaceholder":{"value":"What kind of work do you do?"},"modalHeading":{"value":"What kind of work do you do?
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\nWhy is general liability insurance important?
\nGeneral liability insurance protects against the most common risks of running a business.
\n
\nThis business liability insurance coverage pays for legal costs if a customer trips and suffers an injury at your business, or if you accidentally damage someone's property. This policy also covers personal and advertising injuries, such as libel and copyright infringement.
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\nSmall business owners often need general liability insurance to fulfill requirements for a lease, loan, or contract. For example, a landlord might ask to see a certificate of insurance when you sign a commercial lease.
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\nGeneral liability coverage is a crucial component of risk management for small businesses, and it's affordable. The median premium is about $42 per month for Insureon customers.
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\nGeneral liability coverage is essential if your business:
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\nWhat does general liability insurance cover?
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\nThis business insurance policy covers legal defense costs if someone sues over a bodily injury, property damage, or advertising injury. Your policy can pay for everything from hiring a lawyer to court-ordered judgments and settlements.
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\nSpecifically, your commercial general liability (CGL) policy provides coverage for:
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\n\t- Third-party bodily injuries
\n\t If a customer is hurt in an accident at your business, general liability insurance can help pay for medical expenses. It also covers legal expenses if a customer sues over the injury.
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\n\t- Third-party property damage
\n\t A general liability insurance policy can cover expenses when your business accidentally damages or destroys another person’s property.
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\n\t- Product liability
\n\t Not all property damage or customer injuries happen inside a store. If a business manufactures, distributes, or sells products, it can be sued over the harm its products cause to people or property.
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\n\t Most commercial general liability (CGL) policies include product liability insurance. This type of coverage helps pay for lawsuits and other financial losses related to defective products, labeling errors that harm customers, and other product risks.
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\n\t- Personal injuries and advertising injuries
\n\t If someone sues a business owner or employee over slander, libel, false arrest, or copyright infringement, general liability insurance can help pay for legal defense costs and any resulting settlement or judgment.
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\nHow much does general liability insurance cost?
\nGeneral liability insurance premiums are calculated based on a few different factors, including:
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\n - Amount of coverage
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\nGeneral liability insurance typically costs an average of $42 per month. This is based on the average cost of a general liability insurance policy. 29% of Insureon’s small business customers pay less than $30 per month for their policies.
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\nWho needs general liability insurance?
\nMost companies need this insurance, especially if you rent or own an office or commercial space. Even if that doesn't apply to you, small businesses that work directly with clients and customers benefit from general liability insurance.
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\nThis insurance policy can keep your company financially stable if you’re sued by a customer or competitor. Because general liability insurance provides such important coverage, most small business owners buy the policy right after they start their business.
\n
\nWhat does general liability insurance not cover?
\nWhile general liability insurance is crucial for most small businesses, it does not provide all the protection you need. For instance, your policy does not include coverage for:
\n
\n\t- Professional errors
\n \t Professional liability insurance, also called errors and omissions insurance (E&O), can cover lawsuits over professional mistakes, including undelivered services and missed deadlines. This policy can apply to many professions, including: architects, consultants, interior designers, real estate professionals, tax preparers, and more.
\n
\n\t- Employee injuries
\n \t Workers' compensation insurance is the policy that covers medical expenses and disability benefits for employees who are injured on the job. It's required in most states for businesses that have employees. In most cases, labor-intensive businesses often purchase this policy, but it can be beneficial to accounting firms, computer repair professionals, house cleaners, photographers, and more.
\n
\n\t- Stolen or damaged business property
\n\tA business owner's policy (BOP) helps pay for replacement of stolen business property. It also covers business property damaged by a fire or certain weather events. This policy combines general liability insurance with commercial property insurance at a discount. This bundle is ideal for low-risk businesses such as advertising agencies, churches and religious organizations, day spas, insurance agents, and more.
\n
\n\tSimilar to a BOP, a commercial package policy (CPP) also packages these coverages, but is generally purchased by high risk small and medium-sized businesses. With broad underwriting and customizable limits, a CPP allows business owners to address the specific risks they face with the right amount of coverage.
\n
\n\tEmployment practices liability insurance (EPLI) can cover lawsuit expenses related to employee claims of harassment, discrimination, and wrongful termination. Good candidates for EPLI coverage are retail, food services, manufacturing, and healthcare professions.
\n
\n\t- Vehicles used by a business
\n \tPersonal auto insurance policies almost always exclude business use. Most states require that vehicles owned by a business must be covered by commercial auto insurance. Some professions that should consider commercial auto insurance are: construction and installation, cleaning, and landscaping businesses.
\n
\n\tPersonal, leased, and rented vehicles used for work purposes can be covered by hired and non-owned auto insurance (HNOA), which you can add to a general liability policy.
\n
\n\t- Liquor liability
\n \tLiquor liability insurance covers legal fees from incidents involving people who became intoxicated at your business. That could include drunk driving, assault, and vandalism.
\n
\n\tThis policy is required for businesses that serve alcohol. You can purchase it as a standalone policy or add it to your general liability policy. A few industries in particular that should carry this coverage are restaurants, food trucks, convenience stores, and breweries.
\n
"}}},{"id":"0078de77-f796-45f7-b1bc-bd9f9c4c44f4","url":"/shared/policy-recommendation-tool-settings/recommended-policy-data/business-owners-policy","name":"Business Owners Policy","displayName":"Business Owners Policy","fields":{"policyIcon":{"value":{"src":"https://cleanttteam.com/-/media/insurance-policies/insurance-policy-icons/insurance-policy-icons-color/48px/insurance-policy-icons-purple/icon_policy_business-owners-policy.svg?h=48&iar=0&w=48&rev=16acf31a188b41c2897485ea8e860775","alt":"Business owner’s policy icon","width":"48","height":"48","title":"Business owner’s policy icon"}},"policyCode":{"value":"BOP"},"policyTitleText":{"value":"Business Owner's Policy (BOP)"},"policyModalTitle":{"value":"Business Owner's Policy"},"detailedPolicyDescription":{"value":"\t- Employee discrimination lawsuits
\n\t Employment practices liability insurance (EPLI) can cover lawsuit expenses related to claims of harassment, discrimination, and wrongful termination.
\n
\n\t- Vehicles used by a business
\n\t Commercial auto insurance provides coverage for business vehicles. It’s required in most states when your business owns the vehicle or you use it primarily for work.
\n
\n\t- Destroyed payment records
\n\t If a fire or other incident destroys your customer records, you could have trouble collecting outstanding payments. This is not a covered loss of commercial property insurance, unless your policy has an accounts receivable endorsement.
Commercial auto insurance covers legal bills, medical expenses, and property damage if a business vehicle is involved in an accident.
\n
\nWhy is commercial auto insurance important?
\nIf your company owns a car, you will very likely need commercial auto insurance. Nearly every state requires commercial auto insurance coverage for business-owned vehicles.
\n
\nNew Hampshire and Virginia are the only states where auto insurance isn’t required. However, drivers are still responsible for any damages they cause.
\n
\nYou can rely on commercial auto insurance for financial protection if you or an employee needs medical care or faces legal expenses due to an automobile accident. If you don’t carry commercial vehicle insurance, your business will be responsible for any medical bills and legal fees, which can get expensive.
\n
\nEven when business auto insurance coverage isn’t required, it’s still a smart choice. Without it, you could end up paying thousands of dollars in medical bills and other costs.
\n
\nBusinesses that purchase commercial auto insurance often:
\n\t- Have a vehicle titled to their business
\n\t- Drive to and from worksites
\n\t- Carry tools, equipment, or products used for work
\n\t- Transport clients or employees
\n\t- Rely on delivery drivers or couriers
\n
\nWhat does commercial auto insurance cover?
\nCommercial auto insurance helps cover medical payments and property damage related to an accident. This coverage includes legal expenses if you’re sued. A policy may also cover vehicle theft, vandalism, and other losses and damages.
\n
\nSpecifically, commercial auto insurance coverage includes:
\n
\n\t- Auto accident liability
\n\tCommercial auto insurance includes property damage liability coverage that helps pay for damages in an accident you caused. That could include:
\n
\n\t\t- Repair costs for the other person's damaged vehicle or property
\n\t\t- Legal expenses if you're sued over the other driver's injuries
\n
\n\t- Medical payments
\n\t Commercial auto insurance policies that include medical payments, or bodily injury liability, coverage can pay for:
\n
\n\t\t- Your medical expenses for bodily injuries from a car accident
\n\t\t- Medical expenses for passengers in your vehicle
\n
\n\tThis coverage is available regardless of who caused the accident.
\n
\n\t- Physical damage and collision
\n\tCommercial automobile insurance protects against vehicle theft and physical damage, as well as provides comprehensive coverage for non-collision damages, such as:
\n
\n\t\t- Vandalism
\n\t\t- Fire and certain weather events
\n\t\t- Impact with another object
\n
\n\t- Accidents involving uninsured motorists
\n\tAbout one in eight drivers in the United States are uninsured, according to the Insurance Research Council. When they cause accidents, they might not be able to pay for damages.
\n
\n\tYour policy's uninsured motorist coverage makes sure your business doesn’t have to pay for the resulting medical expenses or vehicle repairs.
\n
\nHow much does commercial auto insurance cost?
\nCommercial auto insurance costs an average of $147 per month. 37% of Insureon small business customers pay less than $100 per month for their policies.
\n
\nYour cost is calculated based on a number of factors, including:
\n
\n\t- Number of vehicles
\n\t- Type of vehicle and value
\n\t- Level of risk involved
\n\t- Claims history
\n\t- Employee driving records
\n\t- Policy deductible and limits
\n
\nWho needs commercial auto insurance?
\nCommercial auto insurance benefits a variety of industries that utilize business vehicles. It is designed for both businesses and independent contractors that need a company vehicle in order to operate their business.
\n
\nHowever, there are a few specific professions who need commercial auto coverage options more often than others, including:
\n
\n\t- Construction and installation
\n\t- Consulting
\n\t- Cleaning
\n\t- Landscaping
\n
\nWhat does commercial auto insurance not cover?
\n
\n\t- Personal or leased vehicles
\n\tCommercial auto insurance does not cover leased or personal vehicles used for business purposes. However, your business can still be held accountable if an employee gets into an accident in a personal or leased vehicle.
\n
\n\tHired and non-owned auto insurance is the appropriate policy for vehicles that your business uses but does not own. This policy will provide protection for employees who drive their own or leased cars for work purposes.
\n
\n\tIn addition, lease gap insurance is an endorsement you can add to your commercial auto policy that covers the total loss of a leased or financed vehicle. Another endorsement to consider is drive other car insurance, which covers non-owned vehicles that employees or executives may rent or borrow.
\n
\n\t- Recently purchased vehicles
\n\tIf you purchase a business vehicle and it's not yet covered by your commercial auto insurance policy, you would be responsible for any liabilities that may occur to the vehicle.
\n
\n\tIn order to protect any recently purchased business vehicles, you should get any auto liability insurance, which offers a temporary extension of your commercial auto coverage. It can also cover any hired and non-owned vehicles that you use for your business.
\n
\n\t- Customers' vehicles
\n\tIf your business is storing or performing service on a customer's vehicle, it would be not covered under your commercial auto insurance. If something were to happen to your customer's vehicle, such as damage from a break in, you would be responsible for repair and other related expenses.
\n
\n\tGarage keepers liability coverage would insure your customer automobiles while it is in your care, custody and control.
\n
\n\t- Garage business risks
\n\tIf you have a garage-based or auto service business, your commercial auto insurance policy does not protect against common garage operation risks, such as a customer slipping and falling on leaked motor oil.
\n
\n\tGarage liability insurance is a type of general liability insurance that covers the many risks associated with automotive business operations. This includes customer injuries and legal costs from lawsuits.
\n
"}}},{"id":"d251cbe1-fe3a-46b3-886c-41c3461e4a6b","url":"/shared/policy-recommendation-tool-settings/recommended-policy-data/commercial-umbrella","name":"Commercial Umbrella","displayName":"Commercial Umbrella","fields":{"policyIcon":{"value":{"src":"https://cleanttteam.com/-/media/insurance-policies/insurance-policy-icons/insurance-policy-icons-color/48px/policy-icon_umbrella-excess-liability--color-48.svg?h=48&iar=0&w=48&rev=7383603b77594d32af18d512132eb943","alt":"Umbrella / excess liability insurance icon","width":"48","height":"48","title":"Umbrella / excess liability insurance icon"}},"policyCode":{"value":"UB"},"policyTitleText":{"value":"Commercial Umbrella"},"policyModalTitle":{"value":"Commercial Umbrella Insurance"},"detailedPolicyDescription":{"value":"Once a policy’s limit is reached, commercial umbrella insurance provides additional coverage for liability claims made on general liability, commercial auto, or employer’s liability insurance.
\n
\nWhy is commercial umbrella insurance important?
\nBusiness owners who purchase commercial umbrella insurance usually need it to fulfill a contract that requests higher than standard policy limits.
\n
\nCommercial umbrella insurance offers extra liability coverage for the most expensive lawsuits. For example, if a covered lawsuit maxes out your general liability insurance policy but you still owe money for damages, business umbrella coverage can provide additional funds to make up the difference.
\n
\nUmbrella liability insurance can supplement your coverage provided by:
\n
\n\t- General liability insurance
\n\t- Employer's liability insurance (often included in workers' compensation)
\n\t- Commercial auto insurance or hired and non-owned auto (HNOA) insurance
\n
\nCommercial umbrella insurance can boost coverage for any (or all) of these policies in $1 million increments. Before you can purchase umbrella liability insurance, however, an insurer will require you to carry a certain amount of coverage for the underlying policy.
\n
\nBusinesses that buy umbrella insurance coverage:
\n\t- Have insurance but need to close the gap on requirements above $2 million
\n\t- Have high liability risks, such as a business location with a lot of foot traffic
\n\t- Need more liability protection across several policies
\n
\nWhat does commercial umbrella insurance cover?
\nCommercial umbrella insurance policies have the same terms and cover the same risks as the underlying business insurance policy.
\n
\nSpecifically, umbrella insurance can help provide additional coverage for the following:
\n
\n\t- Slip-and-fall injuries
\n\t When you add commercial umbrella insurance (or excess liability insurance) to your general liability insurance, it can cover your legal expenses if someone gets injured on your business property.
\n
\n\t- Third-party property damage
\n\t When you add commercial umbrella insurance to a general liability policy, it helps pay for legal bills related to destroyed or damaged third-party property.
\n
\n\t- Car accident liability
\n\t When you add commercial umbrella insurance to a commercial auto insurance or hired and non-owned auto insurance policy, it helps cover costs if someone sues for damages caused by your vehicle.
\n
\n\t- Employee injury lawsuits
\n\t When you add commercial umbrella insurance to employer's liability insurance (typically included in workers' compensation insurance), it helps pay for employee lawsuits over work injuries.
\n
\nHow much does commercial umbrella insurance cost?
\nFor Insureon customers, commercial umbrella insurance costs on average about $75 per month for each $1 million of additional coverage.
\n
\nSeveral factors affect umbrella policy costs, including:
\n
\n\t- Industry and risk
\n\t- Coverage limits
\n\t- Location
\n\t- Number of employees
\n\t- Number of vehicles
\n
\nHow does commercial umbrella insurance work?
\nThink of commercial umbrella insurance coverage as a safety net. Your other liability policies are your first line of defense. When you need an added layer of protection on a claim that exceeds the limits of your primary policy, your business umbrella insurance can pick up the slack.
\n
\nHere's when you need it
\nLet's say you have a commercial general liability policy with a $2 million per-occurrence limit, which means it can pay up to $2 million toward your legal expenses.
\n
\nIf a client suffers a serious injury after tripping and falling at your business, and decides to sue, the medical expenses, legal fees, and damages could add up to $2.5 million. After hitting your general liability limit, you would still have a $500,000 bill.
\n
\nHere's how it helps cover expenses
\nAn umbrella liability policy can help cover the expenses that exceed your underlying policy's limit. For the case above, a business umbrella policy would cover the additional $500,000.
\n
\nBasically, you can make a claim on umbrella insurance when each of the following occurs:
\n
\n\t- Your business is sued over third-party bodily injury or property damage.
\n\t- The cost of the lawsuit is more than the limit of the underlying coverage.
\n
\nWho needs a commercial umbrella policy?
\nCommercial umbrella insurance used to be a policy that only big businesses bought. These days, more small businesses invest in commercial umbrella insurance due to the rising cost of lawsuits and medical expenses.
\n
\nYou should consider an umbrella liability policy if:
\n\t- You want to sign a big client who requires more liability insurance
\n\t- You have lots of contact with the public
\n\t- Your business owns vehicles
\n\t- Your work is hazardous
\n
\nWhat does commercial umbrella insurance not cover?
\nWhile umbrella insurance does expand coverage limits for a number of policies, it does not provide all the protection that a small business might need.
\n
\nFor instance, an umbrella policy does not cover:
\n
\n\t- Damages within the underlying policy limits
\n\tUmbrella liability insurance does not become active until the underlying policy has reached its limits. And as with any policy, it does not provide coverage beyond its own policy limits.
\n
\n\t- Business property damage
\n\tBusiness umbrella insurance can only be added to liability policies, not property insurance.
\n
\n\tThe commercial property insurance portion of a business owner's policy (BOP) or commercial package policy (CPP) can help pay for repair or replacement when your business property is damaged by fire, theft, or covered weather-related events.
\n
\n\t- Professional errors
\n\tProfessional liability insurance, also called errors and omissions (E&O) insurance or malpractice insurance, can cover lawsuits over professional mistakes, including undelivered services and missed deadlines.
\n
\n\tYou can boost the limits on this policy with excess liability insurance, also called excess E&O, which is very similar to umbrella insurance.
\n
\n\t- Employee theft
\n\tCommercial crime insurance, a type of fidelity bond, is needed to financially protect your business from criminal acts committed by employees against customers or clients.
\n
\n\tUnlike insurance, bonds only reimburse damages up to the size of the coverage that was purchased. Umbrella insurance could not be used to provide coverage beyond that limit.
\n
"}}},{"id":"139dd472-83a8-466f-8529-a0417488fe02","url":"/shared/policy-recommendation-tool-settings/recommended-policy-data/cyber-insurance","name":"Cyber Insurance","displayName":"Cyber Insurance","fields":{"policyIcon":{"value":{"src":"https://cleanttteam.com/-/media/insurance-policies/insurance-policy-icons/insurance-policy-icons-color/48px/insurance-policy-icons-purple/icon_policy_cyber-liability.svg?h=48&iar=0&w=48&rev=2eb57c4d83c44dc7a2099cdd800670d0","alt":"Cyber liability icon","width":"48","height":"48","title":"Cyber liability icon"}},"policyCode":{"value":"CYB"},"policyTitleText":{"value":"Cyber Liability"},"policyModalTitle":{"value":"Cyber Liability Insurance"},"detailedPolicyDescription":{"value":"Cyber liability insurance, also called cybersecurity insurance, protects small businesses from the high costs of a data breach or malicious software attack. It covers expenses such as customer notification, credit monitoring, legal fees, and fines.
\n
\nWhy do small businesses need cyber insurance?
\nCyberattacks and data breaches are expensive and increasingly common. Small businesses often have weak cybersecurity and large vulnerabilities, which makes them an attractive target.
\n
\nA cyberattack isn't just an inconvenience – it can put you out of business. In fact, 60% of small businesses go under within six months of a cyberattack.
\n
\nCyber insurance coverage helps your business recover from financial losses caused by cyberattacks and data breaches. It can pay for credit monitoring, attorney's fees, fines, and other costly expenses.
\n
\nBusinesses that purchase cyber insurance typically handle:
\n\t- Credit card or bank account information
\n\t- Medical information
\n\t- Social Security numbers or driver's license numbers
\n\t- Customer names, email addresses, phone numbers, and addresses
\n\t- Cybersecurity for other businesses
\n
\nWhat does cyber liability insurance cover?
\nCybersecurity insurance covers costs associated with data breaches and cyberattacks, including the cost of recovering important data and hiring legal representation.
\n
\nThere are two types of cyber liability insurance coverage: first-party coverage and third-party coverage.
\n
\nMost businesses need first-party cyber liability insurance to defend against their own cyber risks, especially if they handle personally identifiable information (PII) for customers.
\n
\nCompanies that are responsible for their clients' cybersecurity would need third-party cyber liability insurance to provide legal protection from client lawsuits.
\n
\nWhat is first-party cyber liability insurance?
\nFirst-party cyber liability insurance, sometimes called data breach insurance, covers costs related to a data breach or cyberattack that directly impacts your business.
\n
\nYou can often add this coverage to your general liability insurance. It’s recommended for businesses that collect personal information, such as customer credit card numbers or email addresses.
\n
\nSpecifically, first-party cyber liability insurance can help cover:
\n
\n\t- Data breach response costs
\n\t State laws typically require a response when a business is impacted by a data breach. Cyber insurance helps cover costs associated with hiring a digital forensic expert to investigate the breach, customer notifications, consumer credit and fraud monitoring services, as well as Payment Card Industry (PCI) compliance fines.
\n
\n\t- Business interruption expenses
\n\t When a cyber incident brings necessary systems offline or otherwise grinds business to a halt, cyber insurance can help cover business interruption expenses, such as the cost of hiring additional staff or renting equipment. This includes purchasing third- party services, such as hiring a public relations manager or crisis management team.
\n
\n\t- Ransomware payments
\n\t If a hacker encrypts private information about your company or its employees and holds it for ransom, cyber liability insurance will help with payments to meet cyber extortion demands.
\n
\nWhat is third-party cyber insurance coverage?
\nThird-party cyber liability coverage helps pay for legal costs when a client sues your company for failing to prevent a data breach or cyberattack at their company. This insurance is recommended for technology businesses that make software recommendations to clients or are responsible for their network security.
\n
\nThird-party coverage can be bundled with your errors and omissions policy into what is known as technology errors and omissions insurance, or tech E&O.
\n
\nSpecifically, third-party cyber insurance can help cover:
\n
\n\t- Legal defense costs
\n\t If a client sues your business for failing to prevent a data breach at their business, cyber liability insurance could help cover attorney's fees and other legal costs for your defense in court.
\n
\n\t- Settlements
\n\t If your business faces a lawsuit from a client who experienced a data breach, you and the client could decide upon a settlement out of court that would amend the damages they experienced.
\n
\n\t- Court-ordered judgments
\n\t If a client accuses you of being responsible for a data breach at their business and sues your company, you may be legally obligated to pay for damages from any judgments in the lawsuit.
\n
\nHow to protect your business from cyberattacks
\nCyberattacks are expensive and can take a long time to resolve. A study by IBM and the Ponemon Institute put the average cost of a data breach at $3.86 million. The average time to identify and contain a breach was 280 days.
\n
\nA cyber liability insurance policy can help pay for:
\n
\n\t- Mandatory notification of affected parties
\n\t- Investigating and fixing security flaws
\n\t- Several years of credit monitoring services for affected customers
\n\t- Loss of business opportunities
\n\t- Complete our easy online insurance application to get free cyber liability insurance quotes that meet the needs of your small business.
\n
\nHow much does cyber liability insurance cost?
\nInsureon customers pay an average premium of $145 per month for cyber insurance. The cost of cyber liability insurance is based on several factors including:
\n
\n\t- Amount of sensitive data handled
\n\t- Your industry
\n\t- Coverage limits
\n\t- Number of employees
\n
\nAll of these factors will be instrumental in determining how much cyber liability insurance your small business needs.
\n
\nWho needs cyber insurance?
\nCyber liability insurance, sometimes called cybersecurity insurance, is a key policy for companies that operate in cybersecurity, work in a cloud environment, or handle sensitive customer information, such as credit card numbers.
\n
\nWhile any business can fall victim to a data breach or cyberattack, a few industries are particularly vulnerable, including:
\n
\n\t- IT professionals
\n\t- Retailers
\n\t- Healthcare organizations
\n\t- Financial service providers
\n
\nWhat does cyber liability insurance not cover?
\nWhile cyber insurance covers costs related to cyber threats, it does have a number of coverage exclusions. For example, it does not cover data loss caused by a power outage.
\n
\nOther exclusions from cyber liability insurance coverage include:
\n
\n\t- Mistakes and oversights
\n\tProfessional liability insurance, also called errors and omissions insurance, covers the costs of lawsuits over mistakes and oversights. This policy also covers legal costs related to professional negligence.
\n
\n\t- Data loss caused by accidental damage
\n\tWhile a cyber insurance policy covers data lost in a software attack, it does not insure data lost from accidental physical damage to a network or storage device.
\n
\n\tElectronic data liability coverage expands the property damage coverage in a business owner's policy (BOP) to include a loss of data caused by accidental damage to a customer’s computer, hard drive, or other data storage equipment.
\n
\n\t- Data loss from natural occurrences
\n\tIf you experience data loss during a power surge, fire, or natural disaster, you would need electronic data processing (EDP) insurance. You can typically bundle this coverage in a business owner's policy. It provides protection for data loss in your electronic data processing equipment, such as computers and backup systems.
Every state requires a license or certification to be a nail salon technician, although there are different nail tech licensing requirements in each state.
\nMost states require a certain amount of education, training in a cosmetology or nail technician program, and passing a test to receive a nail technician license.
\nLet’s look at what nail technician requirements you’ll need to set up shop as a nail technician or manicurist.
"},"enableSpacing":{"value":false}}},{"uid":"cf0fd003-b9ca-414c-8912-8b585f43e211","componentName":"Heading","dataSource":"{A4B34BAF-3A39-4A6C-A252-F05A592C44AA}","params":{},"fields":{"descriptor":{"value":""},"tag":{"id":"08eb6160-7d2c-512c-98ff-626090c9fc87","url":"/shared/heading/h2","name":"h2","displayName":"H2","fields":{"tag":{"value":"h2"}}},"title":{"value":"When do you need a nail technician license or certification?"},"tocTitle":{"value":""}}},{"uid":"ca2899ea-fa10-40fd-9c60-e2f30f44b14e","componentName":"Blog-Content","dataSource":"{978586C1-813F-4449-91E6-F739C69945CD}","params":{},"fields":{"content":{"value":"You’ll need a nail technician license or certification if you intend to work as your own boss, open your own salon, or work as a manicurist for someone else.
\nFailing to meet your state’s requirements and working without a license or certification could result in hefty fines from your state board of cosmetology, or your local department of public health.
\nHaving the right education and training also gives you the knowledge you need to follow all health and sanitary precautions, which reduces the chances of a customer complaint or lawsuit.
\nDisplaying your license to customers in your salon is also a good way to gain their trust and let them know that you’re a professional nail technician.
"},"enableSpacing":{"value":false}}},{"uid":"ea2858f1-ed89-4f16-8c1f-021fef9c72c8","componentName":"In-content","dataSource":"{E5C33EE7-41F8-48C4-8177-876908F234BF}","params":{},"fields":{"button":{"value":"Get Quotes"},"heading":{"value":"Find business insurance quotes for nail salons and technicians"},"title":{"value":""},"openCalendly":{"value":false},"direction":{"value":"ltr"},"ctaImage":{"value":{"src":"https://cleanttteam.com/-/media/industry-and-professions/imagery/personal-care/nail-salon-and-technicians/image_nail-technician.png?h=300&iar=0&w=456&rev=5dbc183e64f242859c42e1e79ca4804d","alt":"Nail technician working on a client's hand.","width":"456","height":"300","title":"Nail technician working on a client's hand."}},"href":{"value":""},"text":{"value":""},"newWindow":{"value":false}}},{"uid":"3bb83457-6294-4a83-b841-bbde006fc13a","componentName":"Heading","dataSource":"{425378FD-F91C-488D-9581-F769D0635B25}","params":{},"fields":{"descriptor":{"value":""},"tag":{"id":"08eb6160-7d2c-512c-98ff-626090c9fc87","url":"/shared/heading/h2","name":"h2","displayName":"H2","fields":{"tag":{"value":"h2"}}},"title":{"value":"What are the licensing requirements for becoming a nail salon tech?"},"tocTitle":{"value":""}}},{"uid":"9a7a5820-5638-40ed-a5f3-d8480047d7cc","componentName":"Blog-Content","dataSource":"{AE9D5029-5591-4C77-8BAC-A8A55CBA2C08}","params":{},"fields":{"content":{"value":"Nail tech licensing requirements differ in each state, although they usually require applicants to be at least 16-17 years old and have a high school diploma or GED.
\nLicense applicants typically are required to have:
\nNail tech licenses generally last for two years, and some states require continuing education courses to renew a license.
"},"enableSpacing":{"value":false}}},{"uid":"3bf618c1-1286-4bef-9736-9fd59a841654","componentName":"Heading","dataSource":"{1CFA0F2A-2094-4905-A67E-5522AB79A2A2}","params":{},"fields":{"descriptor":{"value":""},"tag":{"id":"08eb6160-7d2c-512c-98ff-626090c9fc87","url":"/shared/heading/h2","name":"h2","displayName":"H2","fields":{"tag":{"value":"h2"}}},"title":{"value":"How do you get a nail tech license or certification?"},"tocTitle":{"value":""}}},{"uid":"347c0fbf-2784-4975-9cf8-73d9730fc110","componentName":"Blog-Content","dataSource":"{8E65BE4E-7A26-4009-9B5A-DAAA4CFD7C49}","params":{},"fields":{"content":{"value":"When you look for a nail technician school or manicurist school, make sure it’s approved by your state board of cosmetology and can fulfill your education requirements.
\nCourses typically take between a couple of months to a year to complete. In some states, you have the option of taking an apprenticeship training program instead to learn your skills on the job.
\nTo obtain a nail tech license, cosmetologist license, or manicurist license, you will need to learn about nail services and the many aspects of the beauty industry, including:
\nAfter completing your education or apprenticeship, you’ll have to pass a written and/or practical examination to demonstrate you have the acquired knowledge and skills to obtain a license.
\nThe path to acquiring a nail tech license varies by each state. Here are a few examples of how to get a nail tech license by location.
"},"enableSpacing":{"value":false}}},{"uid":"2ee72afa-180d-49a8-9222-e69d2eebdbc0","componentName":"Heading","dataSource":"{9E3418A7-4754-46E1-AAAA-5FB96CE5B730}","params":{},"fields":{"descriptor":{"value":""},"tag":{"id":"a7b777f8-7bd8-5657-b546-b875380d0765","url":"/shared/heading/h3","name":"h3","displayName":"H3","fields":{"tag":{"value":"h3"}}},"title":{"value":"California"},"tocTitle":{"value":""}}},{"uid":"80ecd51b-fff0-4cb5-a46e-af49d2b22295","componentName":"Blog-Content","dataSource":"{95B53944-152A-4F74-B7A7-8D3EEA40F35B}","params":{},"fields":{"content":{"value":"To obtain a nail technician license in California, applicants must be at least 17 years old with at least a 10th grade education, plus 400 hours in an approved manicurist program before passing written and practical exams with the California Board of Barbering and Cosmetology. A license is good for two years, and the cost of the license and initial exam is $110.
\nSomeone who is a licensed nail technician in another state can receive a reciprocal license in California based on the following requirements:
\nA nail tech license in Florida requires applicants to be at least 16 years old with a high school diploma or GED. Applicants must receive 240 hours of instruction at an approved cosmetology school and pass a state recognized HIV/AIDS course. After passing a final exam, applicants can apply for a nail tech license with the Florida Board of Cosmetology.
\nLicenses are good for two years, with an application fee of $75. The state requires 10 hours of continuing education to renew. Florida allows reciprocal licenses, provided you’re licensed in a state with similar education and testing requirements.
"},"enableSpacing":{"value":false}}},{"uid":"4cda58b3-3cba-49da-b5e0-66c09fc13a45","componentName":"Heading","dataSource":"{CA9BCFAB-1419-4328-B90A-8D87A5A215BE}","params":{},"fields":{"descriptor":{"value":""},"tag":{"id":"a7b777f8-7bd8-5657-b546-b875380d0765","url":"/shared/heading/h3","name":"h3","displayName":"H3","fields":{"tag":{"value":"h3"}}},"title":{"value":"Georgia"},"tocTitle":{"value":""}}},{"uid":"35f99c8b-8f33-4b86-951f-4c50b3359f76","componentName":"Blog-Content","dataSource":"{73BF5ADB-E40B-4DB2-B25C-C9EDDF26257E}","params":{},"fields":{"content":{"value":"A Georgia nail tech license requires applicants to be at least 17 years old, have a high school diploma or GED, and to be of “good moral character.”
\nApplicants can go through a four-month, 525 credit hour nail tech licensing course, or complete a 2,050-hour apprenticeship program before passing a nail tech licensing exam with the Georgia State Board of Cosmetology & Barbers.
\nA license is good for two years and costs $45. Georgia has reciprocal licensing agreements with many states at a cost of $50. In odd-numbered years, nail technicians must renew their license by Aug. 31 and complete five hours of continuing education before renewing.
"},"enableSpacing":{"value":false}}},{"uid":"aa9834b5-cd47-42bf-ae37-8a8844c21cff","componentName":"Heading","dataSource":"{02F107F2-860E-4CB1-9515-57206AF7A7CC}","params":{},"fields":{"descriptor":{"value":""},"tag":{"id":"a7b777f8-7bd8-5657-b546-b875380d0765","url":"/shared/heading/h3","name":"h3","displayName":"H3","fields":{"tag":{"value":"h3"}}},"title":{"value":"Texas"},"tocTitle":{"value":""}}},{"uid":"e565b5b8-e6c5-4da2-9640-568e4737f005","componentName":"Blog-Content","dataSource":"{4592E5A8-6BD2-4501-B218-2DF7B4C0B242}","params":{},"fields":{"content":{"value":"Nail technicians in Texas must be at least 17 years old and have a high school diploma or GED. They must undergo 600 hours of training and pass a written exam and a skills exam with the Texas Department of Licensing & Regulation – Board of Cosmetology. The exams cost $122.
\nApplicants who have a criminal record involving a felony or a federal offense must submit a Criminal History Questionnaire with their licensure application. The board considers such applications on a case-by-case basis.
\nNail tech licenses in Texas are good for two years, and nail technicians must complete four hours of continuing education before they can renew their license.
\nTexas has licensing reciprocity agreements with some states and costs $100.
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\nThe recommended insurance options for nail salons are as follows:
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"},"enableSpacing":{"value":false}}},{"uid":"42498c13-a7c5-4e90-aa73-4afea44e928f","componentName":"Heading","dataSource":"{74FDBF54-0999-4AF0-90DE-9A837E2CA4CA}","params":{},"fields":{"descriptor":{"value":""},"tag":{"id":"a7b777f8-7bd8-5657-b546-b875380d0765","url":"/shared/heading/h3","name":"h3","displayName":"H3","fields":{"tag":{"value":"h3"}}},"title":{"value":"Commercial property insurance"},"tocTitle":{"value":""}}},{"uid":"be6e6519-0f8b-4403-85db-9b2709dc9ba7","componentName":"Blog-Content","dataSource":"{F4B30BEB-2F07-45BC-B7A4-8E82C5C06D15}","params":{},"fields":{"content":{"value":"Commercial property insurance covers your nail salon’s physical location and equipment in case it’s damaged or stolen.
"},"enableSpacing":{"value":false}}},{"uid":"b1cc6e85-8b4d-4d11-86cd-2726310a6282","componentName":"Heading","dataSource":"{3BF59B95-AA79-47D3-9109-13FB98E7DAE8}","params":{},"fields":{"descriptor":{"value":""},"tag":{"id":"a7b777f8-7bd8-5657-b546-b875380d0765","url":"/shared/heading/h3","name":"h3","displayName":"H3","fields":{"tag":{"value":"h3"}}},"title":{"value":"Business owner's policy (BOP)"},"tocTitle":{"value":""}}},{"uid":"ca814f30-5d3a-44a0-a584-1ec7629d91e2","componentName":"Blog-Content","dataSource":"{19CBE59E-2C94-4A95-91DF-B5AC4EB3C45D}","params":{},"fields":{"content":{"value":"A business owner’s policy bundles your general liability and commercial property insurance into one policy and is usually less expensive than buying these coverages separately.
"},"enableSpacing":{"value":false}}},{"uid":"6612fcf9-e03a-4627-919d-725d18cf0de3","componentName":"Heading","dataSource":"{CC043FF2-444B-41FE-998B-675D8A68259D}","params":{},"fields":{"descriptor":{"value":""},"tag":{"id":"a7b777f8-7bd8-5657-b546-b875380d0765","url":"/shared/heading/h3","name":"h3","displayName":"H3","fields":{"tag":{"value":"h3"}}},"title":{"value":"Professional liability insurance"},"tocTitle":{"value":""}}},{"uid":"0efb2e41-e235-4fcc-9c3e-ee271212274e","componentName":"Blog-Content","dataSource":"{7612A8F3-98DF-436A-B2D9-02E6F61CFC06}","params":{},"fields":{"content":{"value":"Professional liability insurance, also known as errors and omissions insurance (E&O), insures you against lawsuits related to your work, such as a customer accusing you of injuring them during one of your treatments.
"},"enableSpacing":{"value":false}}},{"uid":"9995562a-0235-491e-b968-59c4c4c940c6","componentName":"Heading","dataSource":"{A9688439-57EA-4C6C-B578-9AA957CB84A2}","params":{},"fields":{"descriptor":{"value":""},"tag":{"id":"a7b777f8-7bd8-5657-b546-b875380d0765","url":"/shared/heading/h3","name":"h3","displayName":"H3","fields":{"tag":{"value":"h3"}}},"title":{"value":"Workers' compensation insurance"},"tocTitle":{"value":""}}},{"uid":"f78d5e7a-57cf-4d0f-841b-b015e5c6b573","componentName":"Blog-Content","dataSource":"{D28E0DBA-5509-415A-AF03-4B1397ACA3DD}","params":{},"fields":{"content":{"value":"Workers’ comp insurance requirements vary by state, although most states will mandate coverage for businesses that have employees. Many sole proprietors also buy this coverage, as it protects against work-related injuries and illnesses that likely wouldn’t be covered by your personal health insurance.
"},"enableSpacing":{"value":false}}},{"uid":"6700b99e-8dae-4664-a446-98f961ea3910","componentName":"Heading","dataSource":"{1FA61858-45A3-470E-92A4-CFB3A5CE3E96}","params":{},"fields":{"descriptor":{"value":""},"tag":{"id":"08eb6160-7d2c-512c-98ff-626090c9fc87","url":"/shared/heading/h2","name":"h2","displayName":"H2","fields":{"tag":{"value":"h2"}}},"title":{"value":"Compare nail salon insurance quotes from trusted carriers with Insureon"},"tocTitle":{"value":""}}},{"uid":"0e965ed6-260a-4aa3-ad6b-976610c5508e","componentName":"Blog-Content","dataSource":"{A6DEA88B-2A60-4014-B582-2E34168CB148}","params":{},"fields":{"content":{"value":"Complete Insureon’s easy online application today to compare insurance quotes from top-rated U.S. carriers. You can also consult with an insurance agent on your business insurance needs. Once you find the right types of insurance for your small business, you can begin coverage in less than 24 hours.
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