SBA Hazard Insurance Requirements: What You Need, When You Need It, and How to Certify
Reading Time: 6 minutesKey Takeaways for SBA Borrowers Required by all SBA lenders: Every SBA 7(a) and 504 loan requires hazard insurance on the collateral property before disbursement What it covers: Physical damage to the building and business personal property from fire, wind, theft, and other named perils — essentially commercial property insurance Coverage amount: Must equal the […]
General Liability Insurance for Contractors: Policy Comparisons
Reading Time: 4 minutesGeneral Liability Insurance for Contractors: Policy Comparisons and Complete Coverage Guide 2025 General Liability Insurance Cost Updates The Hartford reports a national average of approximately $1,395 per year for construction-related general liability insurance. General small business GLI averages about $805 annually (≈ $67/month). Next Insurance: 94% of contractors pay around $77/month for GLI. Insureon / TechInsurance: […]