Small businesses often face unique challenges when it comes to offering health care plans to their employees. It is important for small business owners to understand the variety of options available to them and how these plans can impact their ability to attract and retain talent, as well as their overall financial health.
1. Hiscox
- General Liability Insurance: Covers property damage, bodily injury, and legal costs for accidents related to your business operations.
- Professional Liability Insurance: Protects against lawsuits claiming negligence or failure to deliver services.
- Workers' Compensation: Provides wage replacement and medical benefits to employees injured during work.
- Business Owner’s Policy (BOP): Bundles property and liability coverage for comprehensive protection.
Research Plans: Hiscox Insurance
2. Progressive Commercial
- Commercial Auto Insurance: Covers vehicles used for business operations, including accidents and damage.
- General Liability Insurance: Covers third-party bodily injury, property damage, and legal costs.
- Property Insurance: Protects business property and equipment from damage or theft.
- Workers’ Compensation: Covers employees' medical costs and lost wages from work-related injuries.
Research Plans: Progressive Commercial Insurance
3. The Hartford
- Business Owner’s Policy (BOP): Includes property, general liability, and business interruption insurance.
- Workers’ Compensation: Pays for medical care and lost wages for employees injured on the job.
- Professional Liability Insurance: Protects against lawsuits related to professional services and errors.
- Commercial Auto Insurance: Covers vehicles used for business activities.
Research Plans: The Hartford Insurance
4. State Farm
- General Liability Insurance: Provides protection against claims of bodily injury and property damage.
- Business Property Insurance: Covers physical assets like equipment, inventory, and furniture.
- Workers' Compensation Insurance: Pays for employee work injury-related medical costs.
- Commercial Auto Insurance: Covers vehicles used for business purposes.
Research Plans: State Farm Insurance
5. Nationwide
- Business Owner’s Policy (BOP): Combines general liability, property insurance, and business interruption.
- General Liability Insurance: Protects against property damage or injuries caused by your business.
- Workers' Compensation Insurance: Covers employee medical costs and lost wages from workplace injuries.
- Cyber Liability Insurance: Protects against data breaches and cyberattacks.
Research Plans: Nationwide Insurance
