Technology companies and information technology (IT) professionals are more important than ever in today’s digital world. However, there are many business risks associated with their work. That’s why insurance for tech companies and IT pros is essential.

Lawyers and law firms face many types of risks. These include being sued for alleged mistakes, damage to an office or other business property, bodily injuries to clients and other office visitors, etc. Consequently, business insurance for lawyers is essential. It can cover a wide variety of claims, so you or your firm doesn’t have to pay them out of pocket.

From lawsuits to property damage, costly incidents can occur at any time. Fortunately, you can protect yourself financially by having consulting business insurance. “Consulting business insurance” is a term that encompasses several different types of small business insurance. Policies exist to cover different kinds of incidents. That way, you can purchase the coverage you need without paying for coverage you don’t.

In some types of work, such as providing professional advice or services, the results of an error may not come to light until well after the project is completed. In that type of scenario, does an insurance policy cover the incident or not? Obviously, the answer to that question can mean the difference between avoiding a significant financial burden and having to figure out how to deal with a large, unexpected expense.

Companies must have adequate business insurance to protect them financially when unexpected incidents occur. A crucial component of an effective business insurance strategy is what’s called business owners insurance—also referred to as a business owners policy or BOP insurance. Having a BOP in place can help shield your company from the costs associated with many types of business risks. Here, we’ll walk you through this essential form of coverage and tell you exactly why it’s important for you to have business owners policy insurance as a part of your overall insurance strategy.

it’s a common practice and effective strategy in many cases for contractors to hire subcontractors (sometimes referred to as 1099 workers) to handle certain aspects of projects.

In order to be well-informed about business insurance, it’s important to understand the unique industry language. Below are some of the more common terms used by business insurance companies.

If your business owns or leases vehicles, you may wonder, “Do I need commercial auto insurance?” The answer is that you likely do need it and may be required to carry it. 

If you run a photography company, you understand that your business faces a wide variety of challenges and risks. From storms or accidents that damage expensive cameras and lighting equipment to clients who trip and injure themselves in your studio and sue you, it’s easy to find yourself with a large financial burden.