The insurance you need depends on your business’s industry and other unique factors. In general, it’s recommended that all businesses carry some form of liability insurance, property coverage and workers compensation.
There are many factors that affect the cost of insurance for small businesses, such as the size of the business, type of insurance and coverage limits. Fill out an online quote form to find out how much business insurance will cost you.
Insurance isn’t typically required for LLCs, but it is incredibly important. LLCs face a large number of liability risks, and even one expensive claim can drain your LLC’s savings.
In most states, workers compensation and commercial auto insurance are required for businesses.
Depending on your location, the size of the business and other factors, contractors' insurance could vary wildly. The average cost of a business owners policy for contractors is between $400 and $700 a year.
You should carry enough business insurance to cover your assets, employees and physical location. An agent at The Yates Agency can help calculate how much coverage you need to protect your business.