SBA Hazard Insurance Requirements: What You Need, When You Need It, and How to Certify
Reading Time: 8 minutesEIDL hazard insurance is property insurance the SBA requires you to carry on any collateral securing an Economic Injury Disaster Loan over $25,000. The requirement is written into the loan authorization: coverage must equal at least 80% of the loan amount or the full replacement value of the collateral, whichever is less, with the SBA […]
General Liability Insurance for Contractors: Policy Comparisons and Coverage Guide
Reading Time: 6 minutesGeneral liability insurance for contractors costs most operations between $700 and $3,000 per year for low-risk trades, while high-risk trades like roofing, demolition, and excavation pay significantly more based on payroll, project type, and claims history. For a comparison of digital insurance platforms, see our Otto Insurance review. Companies with commercial vehicles should review our […]