• Home
  • Affiliate Disclosure
  • Contact Us
Technology | Software Reviews | Product Reviews | Internet Marketing
  • Home
  • Tech
    • All
    • Mobile
    QR Code Queue System

    QR Code Queue System: How It Helps To Reduce Long Queues At Your Business?

    Create A Tutorial Video Content

    Create A Tutorial Video Content In Minutes

    Identity Verification

    Identity Verification: How Well Are You Doing?

    What Is A VPN And How Does It Work

    What Is A VPN And How Does It Work?

    Tools For Microsoft Data Protection And Security

    Top 10 Software Solutions And Tools For Microsoft Data Protection And Security

    cloud based access control system

    How Do Access Control Systems Work?

    Software Development Outsourcing

    Anti-Crisis Guide For Software Development Outsourcing In 2022

    Payment Systems

    A Comparison Of Different Types Of Payment Systems

    Data Literate Workforce

    Significant Advantages Of A Data Literate Workforce

  • Fintech
    Cash App To Your Checking Account

    Can You Link Cash App To Your Checking Account?

    Best Cryptocurrencies To Invest

    Best Cryptocurrencies To Invest In

    What Is Coin98

    What Is Coin98: Essence And Cryptocurrency Rates

    Bitcoin Adoption

    Bitcoin Adoption: What Is It And How Will It Change Its Course

    IT Insurance VS Cybersecurity Insurance

    Understanding IT Insurance VS Cybersecurity Insurance

    El Salvador

    El Salvador – The Country Where You Can Use Bitcoins Legally!

    Cryptocurrency Is Becoming A Financial Force

    5 Signs Cryptocurrency Is Becoming A Financial Force To Be Reckoned With

    What All You Need To Know For A Healthy Crypto Investment

    Easy Ways To Enhance Your Crypto Earnings

  • Blockchain
    Cryptocurrency And Cyber Insurance: A Form Of Mutualism

    Cryptocurrency And Cyber Insurance: A Form Of Mutualism

    Crypto Loans

    4 Essential Benefits Of Crypto Loans

    Blockchain Security

    Why Blockchain Security Is Good For You

    Blockchain Technology

    Blockchain Technology Explained

    VC Funding For Blockchain

    3 Proofs That Blockchain Will Soon Revolutionize Mortgage Lending

    Blockchain Could Help Advertisers

    The Blockchain Could Help Advertisers Lock Up Our Attention

    Blockchain Technology

    How Blockchain Technology Is About To Transform Sharemarket Trading

    Deloitte's 2020 Global Survey

    Deloitte’s 2020 Global Survey: Blockchain Becomes Top Strategic Priority For Majority Of Organizations

    VC Funding For Blockchain

    Top Blockchain-Based Security Solutions In 2020

  • E-Commerce
    Great Marketing Practices Every E-Commerce Store

    3 Great Marketing Practices Every E-Commerce Store Should Use

    Grow Your eCommerce Business

    4 Ways To Grow Your eCommerce Business

    E-commerce Website Development

    Top Tips For Your E-commerce Website Development Process

    How To Make Money With Dropshipping

    How To Make Money With Dropshipping

    Digital Marketing For Ecommerce

    The Value In Investing In Digital Marketing For Ecommerce

    16 Best eCommerce Software Platforms For Online Business

    16 Best eCommerce Software Platforms For Online Business

    ecommerce ideas

    6 Things To Consider When You are Running an E-Commerce Business

    3dcart- ecommerce Platforms

    Best e-Commerce Software Platforms For Online Business

  • Lifestyle
    Hoboken apartments

    Family-Friendly Activities In The Tri-State Area

    Harry Potter Costume

    The Best Harry Potter Costumes To Bring Your Magical Fantasies To Life

    fun things to do on birthday

    10 Amazing Things You Must Do On Your Birthday

    Better Hair Quality

    Women Need A Better Hair Quality All The Time

    Is Your Office Job Killing You Slowly

    Is Your Office Job Killing You Slowly?

    Healthy Work-Life Balance

    Top Tips To Maintain A Healthy Work-Life Balance

    arbie Sole Tattoo

    Barbie Sole Tattoo Trends Blowing Up On Instagram

    Dumbest Fashion Trends In History

    From Muslin Dresses To Corsets: 17 Dumbest Fashion Trends In History

    How to apply foundation in the best way

    How To Apply Foundation In The Best Way?

  • Inbound Marketing
    • All
    • Content Marketing
    • Email Marketing
    Perfect PowerPoint Presentation

    How To Create The Perfect PowerPoint Presentation

    Grow Your Email List

    8 Actionable Ways (Tested) To Grow Your Email List In 2022

    Competitive Analysis

    A Complete Guide On Competitive Analysis For Beginners

    EDM Marketing

    How EDM Marketing Is Different From Email Marketing? Which One Is Better?

    The State of Digital Marketing in Bangkok

    The State Of Digital Marketing In Bangkok

    Meme Marketing

    Meme Marketing – Why Are Brands Smiling About It

    Better Content Marketing

    Top 14 Essential Tips For Better Content Marketing

    Email open rates

    Personalization In Email Marketing: How To Increase Email Open Rates?

    Tech Blogging: An Era Ends? Or, A New Begining!

    Blog Strategy For Sustainable Content Marketing Business

  • Online Marketing
    • All
    • Mobile Marketing
    • Search Engine Marketing
    • Search Engine Optimization
    • Social Media Marketing
    Social Media Messaging

    Did You Know You Can Manage All Your Social Media Messaging In One Place?

    How Stergo Media Populous SEO, PPC, And SMM

    Leading The Way With Innovation: How Stergo Media Populous SEO, PPC, And SMM

    Digital Marketing Trends

    Top 7 Digital Marketing Trends In 2022

    Marketing Videos

    Why Should You Add Video Collages To Your Marketing Videos?

    Digital Marketing Hacks

    Digital Marketing Hacks 101 For Small Business Entrepreneurs

    Community For Your Business’s B2B Marketing

    How To Build And Use Your Community For Your Business’s B2B Marketing

    Digital Marketing Channels

    Best 5 Digital Marketing Channels For Your Brand In 2022

    Knowing the SEO Basics

    Knowing The SEO Basics

    SMS Marketing Mistakes to Avoid

    SMS Marketing Mistakes To Avoid

  • Software
    Salesforce: How Does It Work

    BigQuery To Salesforce: How Does It Work?

    Scheduling A Painless Job

    Top 10 All-In-One Automated Platforms That Make Scheduling A Painless Job

    Invalua

    Ivalua Alternatives 2022: 10 Best Spend Management Software

    Booket

    Booket Alternatives 2022: 10 Best Salon Management Software

    Recruitment Assessment Tools

    Harver Tool Alternatives 2022: 10 Best Recruitment Assessment Tools

    Wordtune

    Wordtune Alternatives 2022: 10 Great AI-Powered Writing Tools

    Eduflow

    Eduflow Alternatives 2022: 10 Best Learning Management Solutions

    Payroll process

    This Is How You Can Make The Payroll Process More Strategic And Organized

    Best HR Software

    How To Choose The Best HR Software For Your Work?

No Result
View All Result
  • Home
  • Tech
    • All
    • Mobile
    QR Code Queue System

    QR Code Queue System: How It Helps To Reduce Long Queues At Your Business?

    Create A Tutorial Video Content

    Create A Tutorial Video Content In Minutes

    Identity Verification

    Identity Verification: How Well Are You Doing?

    What Is A VPN And How Does It Work

    What Is A VPN And How Does It Work?

    Tools For Microsoft Data Protection And Security

    Top 10 Software Solutions And Tools For Microsoft Data Protection And Security

    cloud based access control system

    How Do Access Control Systems Work?

    Software Development Outsourcing

    Anti-Crisis Guide For Software Development Outsourcing In 2022

    Payment Systems

    A Comparison Of Different Types Of Payment Systems

    Data Literate Workforce

    Significant Advantages Of A Data Literate Workforce

  • Fintech
    Cash App To Your Checking Account

    Can You Link Cash App To Your Checking Account?

    Best Cryptocurrencies To Invest

    Best Cryptocurrencies To Invest In

    What Is Coin98

    What Is Coin98: Essence And Cryptocurrency Rates

    Bitcoin Adoption

    Bitcoin Adoption: What Is It And How Will It Change Its Course

    IT Insurance VS Cybersecurity Insurance

    Understanding IT Insurance VS Cybersecurity Insurance

    El Salvador

    El Salvador – The Country Where You Can Use Bitcoins Legally!

    Cryptocurrency Is Becoming A Financial Force

    5 Signs Cryptocurrency Is Becoming A Financial Force To Be Reckoned With

    What All You Need To Know For A Healthy Crypto Investment

    Easy Ways To Enhance Your Crypto Earnings

  • Blockchain
    Cryptocurrency And Cyber Insurance: A Form Of Mutualism

    Cryptocurrency And Cyber Insurance: A Form Of Mutualism

    Crypto Loans

    4 Essential Benefits Of Crypto Loans

    Blockchain Security

    Why Blockchain Security Is Good For You

    Blockchain Technology

    Blockchain Technology Explained

    VC Funding For Blockchain

    3 Proofs That Blockchain Will Soon Revolutionize Mortgage Lending

    Blockchain Could Help Advertisers

    The Blockchain Could Help Advertisers Lock Up Our Attention

    Blockchain Technology

    How Blockchain Technology Is About To Transform Sharemarket Trading

    Deloitte's 2020 Global Survey

    Deloitte’s 2020 Global Survey: Blockchain Becomes Top Strategic Priority For Majority Of Organizations

    VC Funding For Blockchain

    Top Blockchain-Based Security Solutions In 2020

  • E-Commerce
    Great Marketing Practices Every E-Commerce Store

    3 Great Marketing Practices Every E-Commerce Store Should Use

    Grow Your eCommerce Business

    4 Ways To Grow Your eCommerce Business

    E-commerce Website Development

    Top Tips For Your E-commerce Website Development Process

    How To Make Money With Dropshipping

    How To Make Money With Dropshipping

    Digital Marketing For Ecommerce

    The Value In Investing In Digital Marketing For Ecommerce

    16 Best eCommerce Software Platforms For Online Business

    16 Best eCommerce Software Platforms For Online Business

    ecommerce ideas

    6 Things To Consider When You are Running an E-Commerce Business

    3dcart- ecommerce Platforms

    Best e-Commerce Software Platforms For Online Business

  • Lifestyle
    Hoboken apartments

    Family-Friendly Activities In The Tri-State Area

    Harry Potter Costume

    The Best Harry Potter Costumes To Bring Your Magical Fantasies To Life

    fun things to do on birthday

    10 Amazing Things You Must Do On Your Birthday

    Better Hair Quality

    Women Need A Better Hair Quality All The Time

    Is Your Office Job Killing You Slowly

    Is Your Office Job Killing You Slowly?

    Healthy Work-Life Balance

    Top Tips To Maintain A Healthy Work-Life Balance

    arbie Sole Tattoo

    Barbie Sole Tattoo Trends Blowing Up On Instagram

    Dumbest Fashion Trends In History

    From Muslin Dresses To Corsets: 17 Dumbest Fashion Trends In History

    How to apply foundation in the best way

    How To Apply Foundation In The Best Way?

  • Inbound Marketing
    • All
    • Content Marketing
    • Email Marketing
    Perfect PowerPoint Presentation

    How To Create The Perfect PowerPoint Presentation

    Grow Your Email List

    8 Actionable Ways (Tested) To Grow Your Email List In 2022

    Competitive Analysis

    A Complete Guide On Competitive Analysis For Beginners

    EDM Marketing

    How EDM Marketing Is Different From Email Marketing? Which One Is Better?

    The State of Digital Marketing in Bangkok

    The State Of Digital Marketing In Bangkok

    Meme Marketing

    Meme Marketing – Why Are Brands Smiling About It

    Better Content Marketing

    Top 14 Essential Tips For Better Content Marketing

    Email open rates

    Personalization In Email Marketing: How To Increase Email Open Rates?

    Tech Blogging: An Era Ends? Or, A New Begining!

    Blog Strategy For Sustainable Content Marketing Business

  • Online Marketing
    • All
    • Mobile Marketing
    • Search Engine Marketing
    • Search Engine Optimization
    • Social Media Marketing
    Social Media Messaging

    Did You Know You Can Manage All Your Social Media Messaging In One Place?

    How Stergo Media Populous SEO, PPC, And SMM

    Leading The Way With Innovation: How Stergo Media Populous SEO, PPC, And SMM

    Digital Marketing Trends

    Top 7 Digital Marketing Trends In 2022

    Marketing Videos

    Why Should You Add Video Collages To Your Marketing Videos?

    Digital Marketing Hacks

    Digital Marketing Hacks 101 For Small Business Entrepreneurs

    Community For Your Business’s B2B Marketing

    How To Build And Use Your Community For Your Business’s B2B Marketing

    Digital Marketing Channels

    Best 5 Digital Marketing Channels For Your Brand In 2022

    Knowing the SEO Basics

    Knowing The SEO Basics

    SMS Marketing Mistakes to Avoid

    SMS Marketing Mistakes To Avoid

  • Software
    Salesforce: How Does It Work

    BigQuery To Salesforce: How Does It Work?

    Scheduling A Painless Job

    Top 10 All-In-One Automated Platforms That Make Scheduling A Painless Job

    Invalua

    Ivalua Alternatives 2022: 10 Best Spend Management Software

    Booket

    Booket Alternatives 2022: 10 Best Salon Management Software

    Recruitment Assessment Tools

    Harver Tool Alternatives 2022: 10 Best Recruitment Assessment Tools

    Wordtune

    Wordtune Alternatives 2022: 10 Great AI-Powered Writing Tools

    Eduflow

    Eduflow Alternatives 2022: 10 Best Learning Management Solutions

    Payroll process

    This Is How You Can Make The Payroll Process More Strategic And Organized

    Best HR Software

    How To Choose The Best HR Software For Your Work?

No Result
View All Result
Technology | Software Reviews | Product Reviews | Internet Marketing
No Result
View All Result
Home Small Business

Starting A Business: Current US Insurance Requirements

June 25, 2022
in Small Business
Starting A Business
Share on FacebookShare on Twitter

Analyzing When You Need Business Insurance In 2021

If you are pondering how best to start a business in today’s competitive climate, one of the first things you’ll have to consider is whether you will need business insurance or not.

This is a crucial step, as you will need to ensure that you accurately consider all of your business’s initial costs- diminishing the risk of any unexpected costs significantly handicapping your business’s future growth and profitability.

As we will further explore below, whether your business will require business insurance or not will be highly determined by your: industry, size, and state of operation..

State Laws & Insurance Requirements

Even though the vast majority of commercial insurance coverage options remain optional, your business’s state’s laws may require you to purchase certain types of coverage, these include:

  • Commercial Auto Insurance
  • Workers’ Compensation Insurance
  • Professional Liability Insurance
  • Liquor Liability Insurance

Let’s have a look at these in more detail.

Commercial Auto Insurance

Similarly to personal vehicle insurance, any vehicle which is owned by your business must be covered by commercial auto insurance, which covers any damages that may arise if one of your employees happens to get injured (or injure another individual) in a vehicular accident.

Having a relatively large scope of application, commercial auto insurance coverage can cover: property damage, injuries, and legal fees.

Business owners can additionally purchase Hired and Non-Owned Auto insurance (HNOA) in events where their employees rely on personally owned vehicles during business hours.

Workers’ Compensation Insurance

Even though almost every state (aside from Texas) requires business owners to purchase workers’ compensation insurance, this is usually dependent on the number of persons that a business employs.

For example, any business which operates in the state of Georgia only needs to purchase workers’ compensation insurance when they ‘’regularly’’ employ at least three individuals.

Professional Liability Insurance

Professional liability insurance covers a business from damage that may arise as a direct result of a lawsuit where that business is held to be liable- as a result of negligent actions, mistakes, or oversights, that caused the claimant party (customer or client) financial loss or physical damage.

Professional liability insurance is also commonly referred to as Errors and Omissions Insurance (E&O).

Professional Liability Insurance

Liquor liability insurance

Liquor liability insurance is often legally required in order to attain a liquor license (especially for businesses within the Hospitality Sector- such as restaurants, hotels, and bars).

This policy enables business owners to remain financially protected if their business is held legally liable (by a court) for property damage or personal injuries that arise as a direct consequence of an overserved person.

Other Situations That May Require Business Insurance

Above we have delineated the most common examples of where businesses may be legally required to purchase business insurance.

Having said that, it should be noted that there are several situations where- even though no legal prerequisite exists, pragmatic reality may (to a certain extent) compel business owners to purchase business insurance.

For example, commercial insurance may be required when business owners want to either: get licensed, attract certain clients, or sign a commercial property lease. This means that business insurance can commonly allow business owners to:

  • Apply for licenses- This can vary depending on the industry in question, but generally speaking the vast majority of U.S licensing bodies do require an active insurance policy in order to license businesses.
  • Attract big client contracts- This is especially the case where certain clients will only agree to work with your company if you have liability insurance- as they will not want to be held legally liable for any potential mistake that could be made in the future.
  • Sign a lease- When you are renting a commercial property, this is commonly an ‘’unofficial’’ requirement that is imposed by a plethora of different landlords.

Final Words

So as we have seen above, the current climate (2021) can give rise to a variety of different situations where commercial business insurance is legally (or pragmatically) a requirement for business owners.

As this will be highly dependent on your business’s size and industry, you should make sure that you adequately research all of the requirements that you will need to follow before officially launching your company.

Previous Post

Tax News: The IRS Is Missing Billions in S-Corp Taxes

Next Post

DBA Business Structures Vs Sole Proprietorships: What Is Better In 2021?

Related Posts

How You Can Grow Your Business
Small Business

How You Can Grow Your Business In 2023

January 2, 2023
Small Business Grow
Small Business

Essential Tips To Help Your Small Business Grow In 2023

December 28, 2022
Become A Successful Business Owner
Small Business

9 Tips For Becoming A Successful Business Owner

November 10, 2022
Boost Your Business
Small Business

Top 6 Aspects That Help To Boost Your Business With Go

August 24, 2022
Get Your Small Business Out Of Debt
Small Business

How To Get Your Small Business Out Of Debt

August 1, 2022
Tax Tips For Small Business
Small Business

Tax Tips You Should Know For Small Business Owners In 2022

July 29, 2022
Need To Ensure Success For Your Startup
Small Business

Learn What You Need To Ensure Success For Your Startup

April 2, 2022
Small Business

What Is Strata Management Services?

June 25, 2022
Business owners
Small Business

How First-Time Small Business Owners Can Reduce Their Stress

June 25, 2022
Next Post
DBA Business Structures Vs Sole Proprietorships

DBA Business Structures Vs Sole Proprietorships: What Is Better In 2021?

Recent Posts

QR Code Queue System

QR Code Queue System: How It Helps To Reduce Long Queues At Your Business?

January 27, 2023
Dog’s Nutritional Needs

Understanding Your Dog’s Nutritional Needs

January 27, 2023
Create A Tutorial Video Content

Create A Tutorial Video Content In Minutes

January 26, 2023
Working With Your Malpractice Lawyer

Tips For Working With Your Malpractice Lawyer

January 26, 2023
Identity Verification

Identity Verification: How Well Are You Doing?

January 9, 2023

Get Updates

Subscribe to our mailing list and get interesting stuff and updates to your email inbox.
Loading

Disclosure

We sometimes use affiliate links in our content. This won’t cost you anything but it helps us to offset the costs of paying our writing team. Thanks for your support!

About Witszen

Witszen-logo

Follow Us

Useful Links

  • Home
  • Affiliate Disclosure
  • Contact Us

Browse by Category

Get Updates

Subscribe to our mailing list and get interesting stuff and updates to your email inbox.
Loading
  • Home
  • Affiliate Disclosure
  • Contact Us

© 2022 Witszen

No Result
View All Result
  • Home
  • Tech
  • Fintech
  • Blockchain
  • E-Commerce
  • Lifestyle
  • Inbound Marketing
  • Online Marketing
  • Software

© 2022 Witszen