Have questions about business insurance, claims or certificates? We’ve got you (and your business) covered.
What steps can I take to lower my Commercial Property insurance premiums?
Commercial property insurance can range between $27 and $98 per month for many businesses, but this can differ depending on your industry, property value, location and more. Fortunately, there are some steps that you can take to help lower your business's commercial property insurance premiums. » Check out these steps to smart small business decision making 1. Assess your risk profile Insurance companies consider the level of risk associated with your business before determining premiums. Businesses in higher-risk areas may have higher premiums. If your business is in an area prone to weather events like windstorms, for example, you can implement risk management strategies like: Installing safety equipmentMaking structural improvements to your property 2. Opt for higher deductibles By opting for a higher deductible, you take on more risk, and the insurance company takes on less. So they're more likely to offer you a lower premium. Try to choose the right deductible amount for your business. Typically, the higher the deductible, the lower the premium. But you wouldn't want to set your deductible so high that you won't be able to cover the cost in case of a claim. 3. Bundle your insurance policies Bundling your commercial property insurance with other policies can help lower your costs. Some of these policies include: General liability insuranceCommercial auto insuranceWorkers' compensation insurance Insurance companies may offer discounts to businesses that buy multiple policies from them because it can reduce their administrative costs. 4. Shop around for quotes It's a good idea to weigh up your options so you can find the best deal to meet your insurance and budget needs. Going with an expert provider you can trust to guide you through the insurance process can limit any worry about whether you're covered or not. Tailor Commercial Property insurance with NEXT If you're looking to lower your premiums and still get the protection your small business needs, you have options. NEXT offers customizable, affordable commercial property insurance as well as other business insurance policies. Simply apply online and get an instant quote in under 10 minutes to view your options.
Asked 3 days ago
Do self-employed individuals need General Liability insurance?
While typically not required by law, general liability insurance can lower your stress, protect your business from bankruptcy and even help you win bigger clients. Here's why every self-employed individual should consider general liability insurance. Protection against the unexpected General liability insurance can help cover "damages" that your business accidentally causes to others, including: Repair or replacement costs if your business damages someone else's property.Medical bills if a non-employee gets hurt.Lawsuits against your business arising from libel, slander, false advertising or copyright infringement related to advertising. No fear of injury claims When you think of injury claims, your mind probably immediately goes to slippery floors and falling objects. But what you might find interesting is that some of the most expensive injury claims can come from "advertising injury," which includes libel, slander or copyright infringement in your advertising. In other words, simply using the wrong JPEG in your ad could result in a hefty claim. That's why self-employed digital marketers and influencers can benefit from general liability insurance just as much as self-employed handymen and restaurateurs. Win bigger contracts Having general liability insurance can be a huge boon to your bottom line. That's because clients in many industries strongly prefer to work with contractors who have good insurance. Large clients often require it and can pick you over the competition if you have better coverage. General Liability insurance customized for the self-employed General Liability insurance is appealing to many small business owners because it can offer broad protection. Our quick and simple instant quote process takes your profession and state into consideration to craft a customized insurance package for your business and its needs. Simply answer a few questions online to get started. » Think you need more protection? Consider these essential types of self-employed business insurance
Asked 3 days ago
Do I need liability insurance as a self-employed tradesman?
The short answer is yes — you can benefit from liability insurance, regardless of your trade. As a self-employed tradesman, you may be at risk of various liability claims and other unfortunate circumstances. Some states and trades even legally require liability insurance because of associated risks. » Not sure about your expenses? Find out the common self-employed expenses Types of liability insurance you may need Whether you're an electrician or plumber, there are various liability claims that you may face. These can be covered across several common policies, such as: General liability insurance: This can protect against third-party injury claims, property damage, advertising injury and reputational harm.Professional liability insurance: If you face negligence or professional error claims, this can help cover you.Commercial auto insurance: This coverage can be useful in case of an accident by helping cover repairs or replacements and medical bills. Other insurance options for self-employed tradesmen Although not strictly liability insurance, tradesmen can also benefit from the following policies: Commercial property insurance: If you have a physical business location, this can provide financial protection should you face damages to the building.Workers' comp insurance: This is only applicable if you hire employees. It can help cover their medical fees and lost income should they suffer injuries while working.Tools and equipment insurance: If your tools, like power drills or wiring, get stolen or damaged while at a job site, this coverage can help. How NEXT can help cover self-employed tradesmen Liability insurance can help if you face third-party injuries or property damage claims. Exploring more than one business insurance policy can also be favorable to help other incidents, such as employee injuries or stolen tools. With NEXT, you can find business insurance tailored for different trades, so you can focus on your job with peace of mind. You can also have instant access to your certificate of insurance once you purchase coverage, and you can share it 24/7 through the NEXT app.
Asked 3 days ago
Can I get liability insurance as a floor installer in Illinois?
Liability insurance is an important consideration to protect yourself and your business if you are a floor installer in Illinois. It can protect you from financial losses that can arise from lawsuits or claims against you, including legal fees and medical expenses if someone other than an employee gets hurt. Accidents can happen even with the best of intentions and precautions. Liability insurance can provide peace of mind and protection in case of unexpected incidents. Types of liability insurance The main liability insurance options available to floor installers in Illinois include: General liability insurance: Can provide coverage if a property that doesn't belong to you gets damaged or if someone that's not an employee gets injured.Professional liability insurance: Can protect you against claims of negligence and business mistakes. » Learn more about tile, stone and flooring installer insurance Ready to take the NEXT step? Liability insurance is an essential consideration for floor installers in Illinois. It can protect your business from financial losses in case of unexpected incidents and provide peace of mind. Being a floor installer is hard work, but getting insurance tailored to your industry, state, and business doesn't have to be. Get an instant quote from NEXT by just answering a few questions online. Once you've purchased coverage, you can instantly access your certificate of insurance online with the NEXT app. » Just getting started? Here's how to start a successful floor installation business
Asked 3 days ago
Do I need a license to get pressure washing business insurance?
Pressure washing insurance is designed to protect businesses that offer pressure washing services. It can provide coverage for losses or damages that may occur during pressure washing operations and liability protection in case someone is injured or property is damaged due to these services. But each state has its own set of licensing requirements for businesses. If you're planning to start a pressure washing business, you may also need an occupational license to operate the pressure washer. Specific steps you need to take to obtain licenses or permits will vary depending on the state you plan to operate in. Failing to comply with the licensing requirements in a particular state can result in fines or other penalties, so it's best to apply for the necessary licenses before purchasing pressure washing insurance. What types of insurance might your pressure washing business need? Pressure washing businesses typically purchase general liability insurance that can protect against third-party claims of bodily injury or property damage that may occur during pressure washing operations. These businesses may also need a combination of other insurance policies to extend the coverage of risks. These policies can include: Commercial auto insurance: This can provide coverage for vehicles used for pressure washing services.Workers' compensation insurance: This can provide coverage to employees who are injured on the job.Errors and omissions (E&O) insurance: This can help with financial protection should you or your business be accused of professional negligence or not delivering a service as agreed upon.Commercial property insurance: This can provide coverage for damage to the pressure washing equipment, tools and other property used in the business. NEXT can help pressure washing businesses get insured Finding the right coverage for your pressure washing business is easier than you might think. With NEXT, you can get an online quote, choose a tailored coverage plan and share a certificate of insurance in a matter of minutes. We even have a team of licensed U.S.-based advisors who can answer any questions you might have and talk through your specific requirements with you. » Explore NEXT's cleaning business insurance options
Asked 3 days ago