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.

Often referred to as one day commercial insurance or one day small business insurance, this specialized insurance policy provides a shield against many common business hazards. Single day business insurance policies can provide protection against business property damage, third party lawsuits, etc. 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.

Also read:

• Basic Business Insurance: Liability, Cost & Quotes from $7
  

One Day General Liability Insurance

Primarily offered as a general liability coverage, 1 day liability 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.

For example, the one day general liability insurance for weddings can be added with rented premises liability coverage and host liquor liability coverage.  Rented premises liability coverage will reimburse the owner if the venue for the wedding is damaged due to a fire.  As for host liquor liability insurance, this will cover attorney fees, administrative costs, and settlements on behalf of the wedding hosts if an overly drunk guest sustains injuries and files a claim

One day general liability insurance for farmers market and flea market vendors has rented premises liability coverage and product liability coverage. Rented premises liability coverage will take care of expenses if a rented booth is damaged by fire. Product liability coverage, on the other hand, covers costs if a customer files a claim because the product bought is spoiled, has expired, or turned out to be defective. 

Just for one last context, let’s take a look at the intricacies of  general liability insurance for one day event. The one day general liability insurance for events comes with optional products and completed operations coverage, and tools and equipment coverage. Products and completed operations coverage will take care of attorney fees, administrative costs, and other legal expenses if an attendee or any other third party files a claim after sustaining personal injuries or property damage due to the event’s activities. Tools and equipment coverage will reimburse losses if an owned or rented equipment for the event becomes damaged. 

It might sound absurd to only purchase liability insurance for one day. However, this is the best option for those who don’t have any meaningful use for a full-term general liability insurance policy. This is, in fact, the most reasonable insurance option for part timers and other businesses that don't have daily operations. 

General liability insurance for a one-day cover is not legally required. Still, it goes a long way toward ensuring that you have peace of mind while carrying out the project during the day.  

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. Overall, public liability insurance for a day provides you with the peace of mind you need to conduct your business during the day without worrying about any third-party claims. 

Note that 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.

So how much money can you get from the policy? 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 you're in, the number of employees you will be working with during the day, and the type of risks involved while carrying out your business. 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. Consider shopping around for cheap one day public liability insurance quotes. 

One Day Business Car Insurance  

Consider a situation where you will be using a vehicle for just the day to carry out your business. You need to protect the goods loaded, the passengers, the driver, as well as the car itself.  Since a full-term commercial auto insurance isn’t an option, get 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-Auto liability coverage will help if the vehicle you’re using commercially for one day causes an accident. 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. Protection doesn’t only extend to financial liabilities but also to legal expenses as this insurance will cover attorney fees, administrative costs, and other 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.  Comprehensive physical damage coverage will cover expenses if the vehicle incurs damage due to theft, fire, vandalism, and other covered perils. Collision physical damage coverage, on the other hand, will cover costs if your vehicle got damaged after colliding with an object or another vehicle 

• Uninsured/underinsured motorist coverage-Uninsured/underinsured motorist coverage will take care of cost if your vehicle got involved in an accident another vehicle caused. If the other driver can’t cover your personal injuries or property damage, underinsured/uninsured motorist coverage will provide the money so that you can take care of expenses 

So what specific situations does one day business car insurance become truly useful? Get this insurance when:

• Using the car of your mom, dad, sibling, friend, or colleague for work-related purposes 

• Using a company car that’s uninsured or doesn’t have adequate amount of commercial auto insurance

• Unplanned use of your car as a vehicle to haul equipment, materials, or goods to be used for business operations 

Note that one day business car insurance can’t be used to cover any vehicle you rent or hire for commercial purposes. To get it covered, you need to purchase a stand-alone rented/hired auto insurance. 

Also, there are only a few carriers that offer one day business car insurance in the USA. In fact, no major insurance companies offer this coverage to customers. In case, you really fail to find one, alternative options are non-owner car insurance policy or a commercial auto insurance which you can stop anytime without any cancellation fees. 

One Day Commercial Truck Insurance 

Suppose you have a commercial truck that you use to ferry your wares and employees. While you could possibly have the truck insured, you want to go a step further and get one day commercial truck insurance to cover you for the 24 hours during which you will be utilizing the commercial truck. It is essentially an extra level of protection you get, further cushioning you from any accidents that might occur involving the commercial truck. It is barely over the top and very much necessary, especially in today's business environment where it seems people are quick to file lawsuits. 

One Day Workers Comp Insurance  

Right now there are no insurance companies that provide workers comp for one day. 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. 

Pay-as-you-go workers comp insurance takes your actual monthly payroll instead of the projected payroll for the whole year when determining premiums. The main benefit of pay-as-you-go workers comp is that premiums are easier to estimate. Moreover, it doesn’t force the policyholder to have rates that are too much to handle. 

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 or disease, pay-as-you-go workers comp 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 

• Medication-You or an employee can use the funds provided by pay-as-you-go workers compensation insurance to buy medicines needed to recover from a work-related injury or disease 

• Rehabilitation-Similar to medication, pay as you go workers' compensation insurance also covers rehabilitative costs if you or an employee becomes impaired due to 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. Compensation for lost wages is a weekly allowance equal to two-thirds or 67% of the average weekly wage. However, this can be entirely different depending on the provisions of the worker's comp law of your state 

• Death benefits-Pay as you go workers comp will cover dependents and funeral expenses if you or an employee dies due to a work-related injury or disease 

Failure to get workers' compensation insurance is punishable by law. This is why you should opt to have this coverage even if you’re only working with an employee for a brief period of time. Depending on where you are the punishment can be:

• Imprisonment 

• A fine twice you would’ve paid for workers comp premiums

• An accumulating fine multiplied by the days you didn’t have workers comp

One Day Commercial Drone Insurance

Businesses using drones commercially for 24 hours will find one day drone insurance useful. This will cover expenses if a drone causes personal injuries or property damage. Additionally, one day coverage for drones comes with hull insurance. This will cover costs if the drone and its equipment becomes lost or incurs damage due to impact, winds, fire, theft, and vandalism. 

One Day Rental Equipment Insurance

If you’re working as a construction 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, there’s no need to schedule them on your annual policy's equipment coverage. It might be smarter for you to get one day rental equipment insurance. 

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

• Collisions

• Falling objects

• Fire

• Flood 

• Explosions

• Overturns

• Theft

• Vandalism

While rental equipment insurance isn’t a requirement, you'll be forced to get this as many owners won’t lend their equipment if you don’t have any insurance ready and waiting. 

One Day Business Insurance Cost

Your business, location, the number of employees, and risk factors will determine how much one day business insurance cost. The price ranges between $45 and $115 per day for a $1 million general liability insurance. Similar to the one day public liability insurance, providers are open to you extending the coverage for more than 24 hours. 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. Here's a breakdown of one day business insurance costs from the best one day business insurance companies in the market today.

We strongly recommend you to compare quotes before buying a one day business insurance policy from any carrier. By comparing quotes, you get to see which company provides the best coverage at the most reasonable rate. Start comparing quotes by clicking the “Get Quotes” button on this page.