Money management
A quote is an estimate of what you’ll pay for insurance from a specific insurance company.
The replacement value is how much it would cost to buy a brand-new replacement for a destroyed or stolen item.
A premium is the price you pay to an insurer for your small business insurance.
The actual cash value (ACV) is the current value of an insured item.
Assessed value is the evaluation of what your real estate is worth for the purpose of calculating municipal taxes.
A deductible is the amount of money you pay out of pocket before your insurance coverage kicks in.
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 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 covers the vehicles owned by a business. The cost depends on the number of vehicles, their value, and their business use, among other factors.
These four methods can help you protect your small business and save money at the same time.
Small business owners can typically deduct the cost of business insurance from their taxable income.
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 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.
The size of your building, the value of your equipment, and other factors help determine the cost of property insurance (also called hazard 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.
