Money management

Business insurance glossary

A quote is an estimate of what you’ll pay for insurance from a specific insurance company.

Business insurance glossary

The replacement value is how much it would cost to buy a brand-new replacement for a destroyed or stolen item.

Business insurance glossary

A premium is the price you pay to an insurer for your small business insurance.

Business insurance glossary

The actual cash value (ACV) is the current value of an insured item.

Business insurance glossary

Assessed value is the evaluation of what your real estate is worth for the purpose of calculating municipal taxes.

Business insurance glossary

A deductible is the amount of money you pay out of pocket before your insurance coverage kicks in.

Errors & omissions insurance

Your small business can save money on errors and omissions insurance by avoiding claims and choosing a higher deductible, among other methods. Learn how you can pay less on E&O and still get the protection you need.

Cyber liability insurance

Cyber liability insurance covers expenses related to data breaches and cyberattacks. Policy costs are determined by factors like your policy limits and how much sensitive data your company handles.

Commercial auto insurance

Commercial auto insurance covers the vehicles owned by a business. The cost depends on the number of vehicles, their value, and their business use, among other factors.

Small business insurance

These four methods can help you protect your small business and save money at the same time.

Small business insurance

Small business owners can typically deduct the cost of business insurance from their taxable income.

Small business insurance

Small business owners can get a good idea of the cost of business insurance by looking at pricing data from the thousands of businesses that found policies with Insureon.

Hired & non-owned auto insurance

Hired and non-owned auto insurance (HNOA) covers vehicles that your business uses but does not own. The cost of the policy depends on several factors, including how many and the type of vehicles you use.

Property insurance

The size of your building, the value of your equipment, and other factors help determine the cost of property insurance (also called hazard insurance).

Workers' compensation insurance

Every state has its own rules when it comes to workers’ compensation insurance, so the cost of a policy will depend on where your employees are located. Companies with more employees and greater risks pay higher rates for workers' compensation coverage, because they’re more likely to face workplace injuries.

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