Best insurance for newlyweds • Commercial Insurance • Benzinga


A stableman (or groomer) is a horse professional who is responsible for caring for, cleaning and sometimes boarding horses. Many grooms assume they don’t really need professional indemnity insurance because their job may not involve hazardous chemicals or heavy machinery. The truth is, any type of occupation involving horses can come with a wide range of legal liabilities that can cost you thousands of dollars in attorney fees if sued without insurance. This is why it is important to find the best insurance for the bride and groom.

A comprehensive business insurance policy can help protect your business and safeguard your livelihood. Our guide to groom’s insurance options will help you learn more about coverage choices, the types of protections you need and more. We’ll also introduce you to a few of our favorite insurance providers offering wedding insurance policy choices.

best married insurance

There is a very wide range of insurance providers offering coverage options for groomers. Because there is no single all-inclusive policy for the bride and groom, insurance options may vary depending on the provider you choose to service your policy.

Not sure where to start your search? Consider getting started by collecting quotes from a few of our favorite coverage providers with married insurance options below.

Types of married insurance

Just as you have the choice of insurance provider, you can also combine coverage options to meet your unique business needs. The best type of insurance for your business will vary depending on where you work, the services you provide, the types of horses you deal with and more. Browse some of the most common types of insurance that newlyweds choose to protect their business below.

General liability insurance

General liability insurance is a type of umbrella policy that protects you against a range of legal risks and claims. Some of the coverages you might see on your general liability insurance policy might include:

  • Third party bodily injury: This coverage helps pay for your legal fees and court judgments if a client is injured on your property. For example, if a horse steps on a client’s foot and breaks one of its toes, that client could sue you for the cost of their medical bills. Your general liability insurance would help you defend your business in court.
  • Material damage from third parties: This helps you cover legal fees you incur after damaging a client’s property. Suppose a customer hands over their laptop to you, you drop it, and the customer sues you for the cost of a replacement. Your general liability coverage would help pay for the legal defense and damages you are ordered to pay.
  • Advertising wounds: Advertising injury coverage helps cover legal costs incurred if a competing business owner sues you for defamation or copyright infringement. For example, if you accidentally use a competitor’s brand slogan to advertise your business, your general liability insurance will help you defend yourself in court.

Commercial property insurance

Commercial property insurance is a type of coverage that helps cover the cost of damage you sustain to your physical commercial space and property. Like a home insurance policy, most commercial property insurance policies include a list of covered “perils” or dangerous situations under which you are protected. Some risks covered by most commercial insurance policies include:

  • Crimes and vandalism
  • Fire
  • Electrical storms

If your business property is damaged by a covered peril, you can file a claim with your insurer to help cover the cost of repairs.

Your policy will likely also include a list of excluded perils. Some common examples of excluded perils include earthquakes and floods. If you work in an area where an excluded peril is common, you may be able to add a supplemental insurance policy to your coverage to extend your policy to cover these types of damages.

Business Owners Policy (BOP)

If you need both general liability and commercial property insurance, you can combine the two coverages with one business owners policy (BOP). A BOP is a single policy that includes both types of coverage with 1 monthly premium from one company.

Most business owners choose a BOP rather than buying each individual coverage separately because a BOP allows them to save on both coverages. You can also customize your BOP to include risks related to the location of your commercial property – for example, adding coverage for floods and earthquakes.

workers compensation insurance

You may be required to purchase a workers’ compensation insurance policy as soon as you hire your first employee. Workers’ compensation is a type of insurance that compensates employees for medical expenses and injuries after they are injured while performing work-related tasks. If an employee loses their life on the job, your workers’ compensation insurance may also cover end-of-life expenses on behalf of the employee’s family.

Workers’ compensation laws vary from state to state. Depending on where you operate your business, you may be legally required to have some level of workers’ compensation coverage if you have 1 part-time or full-time employee. Consider your state’s workers’ compensation laws and requirements before choosing a policy.

Groom’s insurance cost

The specific price you will pay for your insurance will vary depending on a wide range of factors. Some of the things that could influence what you should budget for insurance expenses may include:

  • Your location: Certain types of natural disasters and property crimes are more common in certain states and cities. If you are operating your business from an area where you are statistically more likely to suffer damage to your commercial property, you will pay more for coverage.
  • Types of services you offer: The types of services you offer your customers play a direct role in the risk an insurance company takes when offering you a policy. For example, if you only offer basic grooming services, your business is less risky. If you offer riding lessons and boarding services in addition to grooming, your insurer will charge you more each month because you are at an increased risk of filing an insurance claim.
  • Number of years of experience you have: Even the most careful groom can make a mistake. However, as you accumulate years of experience, you are less likely to make a major mistake that would cause a client to take legal action against you. Expect your insurance costs to decrease over time as you build your reputation.
  • Number of employees you hire: If you own your business and have at least 1 employee, your state may require you to carry workers’ compensation insurance. The more employees you have working at your site, the more likely an injury is to occur. Expect your insurance costs to increase as you increase your payroll.

The best way to get an accurate estimate of how much you should expect to pay for your insurance coverage is to speak with at least 3 competing insurers requesting a quote. Since each insurance provider uses their unique formula to determine the level of risk you bring to the business, it is possible to receive the same insurance coverage from 10 different companies at 10 different price points.

A great place to start your search for the right insurance is with our favorite insurance companies. Simply enter your zip code above to start exploring married insurance options in your area. Don’t be afraid to collect multiple quotes from all of the companies listed above to get the best possible idea of ​​what you’ll be paying for your insurance.

How married insurance works

The term “bride and groom insurance” does not refer to a single, specific policy designed solely for equine care professionals. Instead, the term refers to a set of common coverages grooms often use to protect themselves and their property from liability damages and expenses.

Two of the most common types of coverage that grooms buy are general liability insurance and commercial property insurance. Depending on your insurer, you may be able to combine these coverages with a single BOP. Most business owners choose to purchase a BOP rather than individual coverages because this all-inclusive policy offers a single monthly premium. You can also usually save money by purchasing both covers through a BOP.

Depending on where you operate your business, you may be required to purchase workers’ compensation insurance if you have even one employee. Consult a local insurance expert to learn more about workers’ compensation requirements in your area.

Find the coverage you need today

Finding the right insurance coverage for your business doesn’t have to be a long and confusing process. Insurers are making it easier than ever to quickly compare quotes and price information. Just enter your zip code above to start exploring some of our top married insurance picks across the country.

Q

What is the most important type of married insurance?

A

The best type of groom insurance depends on your business, but many experts agree that every business should have liability insurance.

Q

Can you mix and match different types of trade assurance?

A

Yes, you can combine different business insurance policies to get the best insurance policy for your business.

Q

Does a groomer need professional insurance?

A

Like any other type of business, a groomer should have business insurance to protect their interests.


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