One Day Business Insurance: Liability, Cost & Quotes From $3

 

One day business insurance is a coverage for business activities that don’t take more than one day to complete. As the name implies, 1 day business insurance protects your business for a day, ensuring you have the flexibility to meet your business’s specific needs. 

Single day business insurance policies can provide protection against business property damage, and third party lawsuits. 

If you do not have comprehensive insurance, small business insurance for one day ensures that you still do not run the risk of paying out of pocket or possibly business closure. 

 

One Day General Liability Insurance

Primarily offered as a general liability coverage, one day commercial insurance protects your business against third party property damage or personal injury claims. Here’s how the policy works:

  • In property damage claims, general liability insurance will reimburse the value of the property that was destroyed or damaged due to your business operations
  • In personal injury claims, general liability insurance will reimburse or cover the medical expenses of third parties who got injured due to your business operations 

 Depending on who it is underwritten for, one day general liability insurance can have different types of optional policies. 

One Day Public Liability Insurance 

Public liability insurance for one day event or commercial activities is a specialized 24-hour coverage that covers personal injury and property damage claims. While you could get general liability insurance, you should opt for one day public liability insurance that is relatively more affordable. This comes in handy when you only land business opportunities once in a while and would rather not incur the cost of long term public liability insurance. 

when you buy public liability insurance for one day, it doesn’t provide rented premises liability coverage and completed operations coverage. This is the reason why public liability insurance for a day is cheaper than general liability insurance.

1 day public liability insurance provides $1 million-$2 million coverage for personal injuries and property damage claims.  

 

One Day Public Liability Insurance Cost  

Seeing as every business is different, one-day public liability insurance costs vary just as much. 

  • The cost of the one-day public liability insurance will depend on;
  •  The type of business
  • The number of employees 
  • The type of risks involved while carrying out your business. T

typically, however, one day public liability insurance cost range between $45-$110 per day. Some insurers will allow your business to extend the one-day public liability coverage from just 24 hours to more extended periods. 

One Day Business Car Insurance  

Typically sold as a short-term commercial auto insurance, this steps in to protect you from paying out of pocket for any unexpected events that might occur while using the motor vehicle commercially for a day. 

One day business car insurance isn’t different from a 6-month or 12-month policy. It also has the following coverages:

  • Auto liability coverage-This will cover or refund the medical expenses of third parties who got injured. Auto liability coverage also reimburses the value of damaged property owned by third parties and also cover the legal expenses on your behalf 
  • Physical damage coverage-Physical damage coverage is included in the terms of one day commercial auto insurance. This is available as a comprehensive or collision policy.  
  • Uninsured/underinsured motorist coverage-Uninsured/underinsured motorist coverage will take care of cost if your vehicle got involved in an accident another vehicle caused.

 One Day Workers Comp Insurance  

Right now there are no insurance companies that provide one day workers comp insurance. It’s because the policy is designed to cover employees so long as they’re employed under you. That said, instead of one day workers comp insurance, what insurance companies offer as an alternative is a pay-as-you-go workers comp. 

Similar to a standard workers compensation insurance, pay as you go workers comp provides coverage for the following when an employee or you sustains a work-related injury or disease:

  • Medical treatment/procedure-When an employee or you sustains a work-related injury it will cover surgeries, therapies, and other medical treatments/procedures
  • Hospitalization-Workers compensation insurance will cover bills if you or an employee needs to stay in the hospital for days, weeks, or months to receive intensive care for a work-related injury or disease 
  • Lost wages -Pay-as-you-go worker’s compensation insurance will cover lost wages if you or an employee can’t work due to a work-related injury or disease. 

One Day Rental Equipment Insurance

If you’re working as a one day contractor, then chances are you’ll need to hire some equipment for a project.  And if you’re only using such equipment for a task which can be completed in one day, It might be smarter to get one day rental equipment insurance. 

One day rental equipment insurance covers all types of construction equipment you rented for a day. Particular risks covered are:

  • Collisions
  • Falling objects
  • Fire
  • Flood 
  • Explosions
  • Overturns
  • Theft
  • Vandalism

 

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One Day Business Insurance Cost

The price ranges between $45 and $115 per day for a $1 million general liability insurance. Others will require that you renew the cover every 24 hours to ensure continued coverage.

 This flexibility comes in especially handy when you do not know how long the current project you are handling will take. Your business, location, the number of employees, and risk factors will determine how much one day business insurance cost. 

Best One Day Business Insurance Companies

Thimble

Thimble’s one-day business insurance is available as a short-term policy that lasts hours, days, weeks, or months. You can add other helpful insurance products that Thimble can underwrite. This policy is tailored for numerous industries, with provisions made even for the most unlikely business spheres. 

Average cost: $5 

Our rating: 9/10

Pros

  • Thimble offers online quotes 
  • Providers cover a wide range of industries 
  • Thimble can tailor the one-day business insurance cover to meet your needs 

Cons

  • You can only reach customer service via the official Thimble website or application 

 

The Hartford 

The Hartford sells short-term general liability insurance which you can avail as a one day coverage. This is a policy underwritten by its partner Putty Insurance.  Another thing to understand is that only businesses in the construction or home service industry can get covered.  

Average cost: $32 

Our rating: 8/10

Pros 

  • Get covered for a minimum of 2 hours, 1 day, or more 
  • $300,000 – $1 million general liability coverage
  • Fast online quotes 
  • Add landlords as additional insureds

Cons

  • Only covers businesses in the home service and construction industries 

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Hiscox 

The one day business insurance you’ll get from this company is underwritten by Thimble. Hiscox helps you manage the policy of its partner. 

Since it’s working with Thimble, your one day general liability insurance or professional liability insurance from Hiscox can be added with additional insureds.

Average cost: $5 for a  one day $1 million general liability coverage

Our rating: 8/10

Pros

  • One day professional liability insurance
  • One day general liability insurance
  • ACORD 25 certificate of insurance
  • Cheap deductibles 

Cons

  • One day liability insurance is underwritten by Thimble 

National Unity 

National Unity Insurance provides coverage for motor trucks and commercial autos owned by businesses operating in or outside of the US.

 One day business car insurance is available as a policy having a combined single $100,000 limit or a policy having a $100,000 limit split into 30/60/25 for bodily injuries, property damage, and legal expenses respectively.  

Average cost: $69 

Our rating: 7/10

Pros

  • Fast online quotes
  • Covers commercial autos and motor trucks
  • Cheap rates for vehicles manufactured after 1992

Cons

  • Doesn’t include uninsured/underinsured motorist coverage on its one day business car insurance
  • The amount of coverage provided is lackluster
  • You can’t name any other driver to your policy 

 

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