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Business owner's policies are not available to every business. [7] Eligibility requirements vary among insurance providers, but the typical business that is eligible for a business owner's policy: [8] Has fewer than 100 employees; Has a small office, workplace, or other premises; Makes less than $1 million in annual revenue; Operates in a low ...
Starting your own business requires a significant investment of both time and money. Millions of people continue to step up to the challenge with 33 million small businesses active in the U.S. as ...
Business owners may also find a recent income statement useful for proving your current income stream. Self-employed people may also be allowed to use rental income or government payments as a ...
A business owner might start a business because they have a business idea and may have observed a gap in the market. They may also want to go into business for themselves because they have ...
Directors and Highly Compensated Employees: At time of contract issue, the insured employee was a director, or a 5% or greater owner of the business at any time during the preceding year, or received compensation in excess of $95,000, adjusted for future inflation, in the preceding year, or was one of the five highest-paid officers, or was ...
Whether or not general liability insurance covers construction defects or "faulty workmanship" is a matter of some debate, as some insurers have viewed poor workmanship as a risk that is covered by a surety bond rather than an insurance policy given that a construction professional may have some influence (through attention to detail, skill, and effort) over whether such a defect occurs.
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