Insurance Facts & Sources

Nationwide, 15.4% of U.S. drivers, more than one in seven, were uninsured in 2023.

Added Jun 2026 · Last checked Sep 2026

In 2023, driving too fast for conditions, in excess of the posted speed limit, or racing was a reported factor for 10,739 drivers involved in fatal crashes, 18.5 percent of the 57,939 drivers involved.

Added Jun 2026 · Last checked Sep 2026

Distracted driving killed 3,208 people in the U.S. in 2024.

Added Jun 2026 · Last checked Sep 2026

Speeding-related crashes killed 11,288 people in the U.S. in 2024 and were a contributing factor in 29 percent of all traffic fatalities.

Added Jun 2026 · Last checked Sep 2026

In a 2022 Insurance Research Council survey, 45 percent of drivers said they made significant safety-related changes to how they drive after participating in a telematics program.

Added Jun 2026 · Last checked Sep 2026

Phone screen interaction while driving rose to 2 minutes 12 seconds of every driving hour in 2022, and 58 percent of trips involved phone screen interaction.

Added Jun 2026 · Last checked Sep 2026

Consumer advocates caution that without effective oversight, telematics programs could result in unfair pricing, improper use of personal information, and data insecurity.

Added Jun 2026 · Last checked Sep 2026

Airbnb's Host Liability Insurance covers third-party bodily injury and property damage claims up to $1,000,000 per Airbnb stay. In the United States, the policy is underwritten by Generali US Branch or Assicurazioni Generali Spa. For hosts with five or fewer active listings, coverage is primary (effective March 1, 2025).

Added Jun 2026 · Last checked Sep 2026

VRBO's Liability Insurance Program is underwritten by Generali U.S. Branch (NAIC# 11231) and applies only to stays booked through VRBO's online checkout.

Added Jun 2026 · Last checked Sep 2026

The ISO Personal Auto Policy (PP 00 01 09 18) covers accidents and losses within the United States (including territories and possessions), Puerto Rico, and Canada only. Mexico is not in the policy territory; accidents there receive no coverage under an unendorsed PAP.

Added Jun 2026 · Last checked Sep 2026

The ISO PAP (PP 00 01 09 18) Part A Exclusion A.5 excludes liability while any insured vehicle is used as a public or livery conveyance, including any period when a driver is logged into a transportation network platform — whether or not a passenger is in the vehicle.

Added Jun 2026 · Last checked Sep 2026

Instacart's Independent Contractor Agreement (Section 6.2) places full insurance responsibility on shoppers: they must secure their own auto liability, workers' comp, health, and disability insurance. Instacart explicitly states it is not responsible for providing any of that coverage, and failure to obtain it is a material breach of the agreement.

Added Jun 2026 · Last checked Sep 2026

Uber Optional Injury Protection costs $0.024 per mile for passenger vehicle drivers, provides up to $1,000,000 in medical expenses, $500/week disability benefit, $150,000 survivor benefit, $50,000 accidental death, and $200,000 accidental dismemberment. Underwritten by Atlantic Specialty Insurance Company. Available in 42 states including Georgia.

Added Jun 2026 · Last checked Sep 2026

Chase Sapphire Reserve provides primary auto rental collision damage waiver coverage up to $75,000 for rentals under 31 consecutive days, including valid loss-of-use charges, administrative fees, and towing. No exotic vehicle exclusion within the $75,000 limit.

Added Jun 2026 · Last checked Sep 2026

Chase Sapphire Preferred provides primary auto rental collision damage waiver coverage up to $60,000 for rentals under 31 consecutive days, including valid loss-of-use charges. Certain expensive and exotic vehicles are excluded.

Added Jun 2026 · Last checked Sep 2026

Capital One Venture X provides primary auto rental collision damage waiver coverage up to the actual cash value for vehicles with original MSRP up to $75,000, for rentals up to 15 consecutive days within the country of residence and 31 days outside it. Loss of use explicitly included.

Added Jun 2026 · Last checked Sep 2026

The American Express Platinum Card's built-in Car Rental Loss and Damage Insurance (CRLDI) provides SECONDARY coverage up to $75,000 per rental agreement for up to 30 consecutive days, including loss of use. No per-rental charge.

Added Jun 2026 · Last checked Sep 2026

American Express Premium Car Rental Protection (PCRP) upgrades Platinum card rental coverage to primary for a per-rental fee. Basic plan: $19.95/rental, primary coverage up to $75,000, 42-day rental period. Plus plan: $24.95/rental, primary up to $100,000, 42 days. Both include loss of use.

Added Jun 2026 · Last checked Sep 2026

Visa Infinite cards provide primary auto rental collision damage waiver coverage for vehicles with original MSRP up to $75,000, including valid loss-of-use charges. The network standard is 15 consecutive days within country of residence and 31 days outside. Vehicles above $75,000 MSRP, trucks, motorcycles, limousines, and RVs are excluded.

Added Jun 2026 · Last checked Sep 2026

Visa Signature auto rental collision damage waiver reimburses damage or theft up to the actual cash value of most rented cars. What it pays depends on your own cover: if you have personal auto insurance, the benefit reimburses your deductible plus any unreimbursed administrative, loss-of-use and reasonable towing charges; if you have no auto insurance at all, it reimburses the covered loss itself. Renting outside your country of residence, the benefit is primary. Rental periods of 15 consecutive days inside your country of residence and 31 days outside it are covered. Expensive, exotic and antique cars are excluded, and Visa defines those by make rather than by price.

Added Jun 2026 · Last checked Sep 2026

American Express Car Rental Loss and Damage Insurance (CRLDI) is secondary coverage built into eligible Amex consumer and small-business cards. The maximum benefit per rental agreement varies by card: $50,000 under benefit guide 371-396 and $75,000 under benefit guide 371-397, for a rental of up to 30 consecutive days, when the cardholder pays with the eligible card and declines the rental company's collision damage waiver. Premium cards such as the Platinum and Centurion carry the $75,000 tier; cardholders should confirm the specific limit in their own card's benefit guide.

Added Jun 2026 · Last checked Sep 2026

American Express Premium Car Rental Protection (PCRP) -- the per-rental upgrade that switches CRLDI from secondary to primary coverage -- is available on U.S. Consumer and Small Business cards issued by American Express National Bank. This covers the full personal and small business Amex lineup. PCRP is NOT available to residents of New Hampshire or U.S. Territories, and technically requires National Bank issuance (Centurion is Travel Related Services, though cardholder forum evidence shows enrollment occurs in practice).

Added Jun 2026 · Last checked Sep 2026

The following American Express cards carry the $50,000 / 30-day CRLDI tier (secondary): Gold personal, Green personal, Blue Cash Preferred, Blue Cash Everyday, EveryDay, EveryDay Preferred, Business Gold, Delta Gold personal, Delta Platinum personal, Delta Gold Business, Delta Platinum Business.

Added Jun 2026 · Last checked Sep 2026

A current World Elite Mastercard guide to benefits provides auto rental collision damage waiver that is secondary within the cardholder's country of residence, meaning it applies in excess of any other valid and collectible insurance including the cardholder's own auto policy. Mastercard sets a floor and each issuer decides what sits above it, so limits, excluded vehicles and rental length differ from card to card and this describes one issued guide rather than a network-wide standard.

Added Jun 2026 · Last checked Sep 2026

American Express Premium Car Rental Protection national standard pricing as of 2026: Basic plan $19.95 per rental (up to $75,000 primary coverage, 42 days); Plus plan $24.95 per rental (up to $100,000 primary coverage, 42 days). Florida residents pay $12.25 (Basic) / $15.25 (Plus). California residents pay $15.95 (Basic) / $17.95 (Plus). Washington state residents limited to 30-day rental periods. Loss of use included in both plans. Excluded countries: Australia, Ireland, Israel, Italy, Jamaica, New Zealand.

Added Jun 2026 · Last checked Sep 2026

Amazon Flex provides $1,000,000 auto liability coverage during active delivery blocks in all U.S. states except New York

Added Jun 2026 · Last checked Sep 2026

Gopuff publishes an Occupational Accident policy for its couriers covering driver injury, and its own disclosure states that policy does not cover damage to personal property such as the courier's car or phone. Gopuff does not publish a commercial auto liability policy for couriers. Couriers operate as 1099 independent contractors and rely on their personal auto policies, which commonly exclude delivery work.

Added Jun 2026 · Last checked Sep 2026

The ISO Personal Auto Policy Part A (Liability) does not condition non-owned vehicle liability coverage on the vehicle owner's explicit permission. Exclusion A.8 bars coverage only when the driver used 'a vehicle without a reasonable belief that that insured is entitled to do so.' Actual owner permission is neither necessary nor sufficient: a driver who reasonably believed they were authorized may have coverage without explicit permission; a driver with explicit permission but no valid license may still be excluded.

Added Jun 2026 · Last checked Sep 2026

During the Delivery Service Period (order accepted through delivery completion), DoorDash provides third-party liability coverage with a $1,000,000 combined single limit in most U.S. states. Kentucky is an exception at $250,000 combined. DoorDash provides NO vehicle physical damage coverage (collision or comprehensive) in any state — damage to a Dasher's own vehicle is the Dasher's responsibility. During Period 1 (app on, no active order), DoorDash provides no coverage in most U.S. states including Georgia; the Dasher's personal auto policy is primary. Period 1 (called 'Delivery Available Period') coverage exists only in four states: North Dakota (eff. August 1, 2023), Indiana (eff. July 1, 2024), Kentucky (eff. January 1, 2025), and West Virginia (eff. July 1, 2025).

Added Jun 2026 · Last checked Sep 2026

In 2021, the average cost of a treat-and-release emergency department visit in the United States was $750.

Added Aug 2026 · Last checked Sep 2026

The NCOIL model act for transportation network companies sets Period 1 minimums, covering the time a driver is logged on and available but has not accepted a ride, at $50,000 for death and bodily injury per person, $100,000 per incident, and $25,000 for property damage. A model act is a template for legislatures, not law in itself; what binds a driver is whatever their own state enacted.

Added Aug 2026 · Last checked Sep 2026

The NCOIL model act for transportation network companies sets a minimum of $1,000,000 for death, bodily injury and property damage while a driver is engaged in a prearranged ride, which covers both the drive to the pickup and the trip itself. A model act is a template for legislatures, not law in itself.

Added Aug 2026 · Last checked Sep 2026

Nearly all U.S. states and the District of Columbia have enacted legislation setting insurance requirements for transportation network companies, and many of those laws followed one common framework. The limits themselves still vary by state, so the framework describes the shape of the rules rather than the numbers any particular driver is subject to.

Added Aug 2026 · Last checked Sep 2026

Most enacted TNC legislation does not require comprehensive or collision coverage during the period when the app is on but the driver has not been matched with a passenger. A driver can therefore be left without physical damage coverage for their own vehicle in that window unless they buy additional coverage from a personal auto insurer.

Added Aug 2026 · Last checked Sep 2026

Home reconstruction costs rose about 16 percent in a single year between mid 2020 and mid 2021, which can leave the dwelling limit shown on your declarations page behind what it would actually cost to rebuild.

Added Jun 2026 · Last checked Sep 2026

About two-thirds of insured U.S. homeowners may lack key coverages that protect against underinsurance, such as automatic inflation guard, extended replacement cost, and building-code coverage.

Added Jun 2026 · Last checked Sep 2026

On an older roof, an actual cash value settlement can pay far less than the cost of a new roof.

Added Jun 2026 · Last checked Sep 2026

Standard homeowners policies exclude water that backs up through sewers and drains.

Added Jun 2026 · Last checked Sep 2026

Wind and hail are the leading cause of homeowners insurance losses, with 2.8 percent of insured homes filing a wind or hail claim.

Added Jun 2026 · Last checked Sep 2026

In 2021, 5.3 percent of insured homes had a claim, according to ISO.

Added Jun 2026 · Last checked Sep 2026

NOAA reports that about 1,200 tornadoes hit the United States in an average year.

Added Jun 2026 · Last checked Sep 2026

NOAA's Storm Prediction Center logged 5,432 hail events across the U.S. in 2025, up slightly from 5,373 in 2024.

Added Jun 2026 · Last checked Sep 2026

A standard homeowners policy typically limits theft coverage for jewelry to about $1,500; higher-value pieces need a scheduled floater (which also covers accidental loss and carries no deductible) and a professional appraisal.

Added Jul 2026 · Last checked Sep 2026

Airbnb's Host Damage Protection covers guest-caused property damage up to $3,000,000 per stay. It is a voluntary reimbursement program, not an insurance contract, and pays after any applicable personal insurance has responded.

Added Jun 2026 · Last checked Sep 2026

The ISO HO-3 homeowners policy form (HO 00 03 10 00) contains a 'Business' exclusion in Section II that covers any activity earning more than $2,000 in the prior 12 months. Short-term rental income above that threshold typically qualifies as 'business' under this definition.

Added Jun 2026 · Last checked Sep 2026

A 2027 revision of NAICS is in progress. The Census Bureau posted a Request for Comments on Proposed Updates for 2027 on July 13, 2026, following a December 20, 2024 request for comments on possible 2027 revisions.

Added Jul 2026 · Last checked Sep 2026

Homeowners policies cap certain categories of personal property -- including jewelry, silverware, and furs -- under a section called 'Special Limits of Liability,' found in Section I, Personal Property.

Added Jul 2026 · Last checked Sep 2026

Actual cash value (ACV) is the current value of property, usually arrived at by taking the replacement cost and deducting for depreciation brought about by physical wear and tear, age, and other factors.

Added Jul 2026 · Last checked Sep 2026

Most homeowners policies protect against jewelry theft, but additional coverage is usually needed to protect jewelry against damage or loss.

Added Jul 2026 · Last checked Sep 2026

A scheduled personal property endorsement (or 'personal article floater') covers jewelry, furs, stamps, coins, guns, computers, antiques, and other items whose value might be greater than the normal limits in a homeowners policy.

Added Jul 2026 · Last checked Sep 2026

Insurers will, in many cases, require a professional appraisal before scheduling jewelry for full coverage.

Added Jul 2026 · Last checked Sep 2026

For jewelry and similar gifts that may gain value over time, NAIC advises consumers to consider a rider that pays the increased value if the item is stolen or damaged.

Added Jul 2026 · Last checked Sep 2026

State insurance regulators ensure insurance policy forms and rates comply with state laws and enforce state laws relating to company conduct.

Added Jul 2026 · Last checked Sep 2026

GIA does not certify or appraise any material submitted for analysis. GIA reports (not certificates) offer technical information on the dimensions, quality, and identifying characteristics of a diamond, and value may be determined from this information, but no appraisal value is stated.

Added Jul 2026 · Last checked Sep 2026

Burglaries occurring in residence locations in the United States decreased each year from an estimated 565,842 offenses in 2020 to an estimated 405,776 in 2024.

Added Jul 2026 · Last checked Sep 2026

US jewelry industry firms reported $142.5 million in total dollar losses from crime in 2024, a 7.0% increase from $133.2 million in 2023.

Added Jul 2026 · Last checked Sep 2026

The Knot's 2024 Jewelry and Engagement Study put the average cost of an engagement ring nationwide at $5,200.

Added Jul 2026 · Last checked Sep 2026

The annual average gold price rose about 23% in 2024 to US$2,386/oz, with the LBMA (PM) gold price reaching 40 new record highs during the year.

Added Jul 2026 · Last checked Sep 2026

Jewelers Mutual's standalone jewelry insurance offers a $0-deductible option, worldwide coverage, and coverage for jewelry that disappears without explanation; filing a jewelry claim under a homeowners policy can raise homeowners premiums or affect renewal, while a dedicated jewelry policy keeps a jewelry claim separate from homeowners coverage.

Added Jul 2026 · Last checked Sep 2026

The price paid for a home, or its current market price, may be more or less than the cost to rebuild it.

Added Aug 2026 · Last checked Sep 2026

FORTIFIED is a voluntary, beyond-code construction and re-roofing standard from the Insurance Institute for Business & Home Safety (IBHS) to strengthen homes and buildings against high winds, hail, hurricanes, and tornadoes; FORTIFIED Roof is the entry level (below Silver and Gold) and, per IBHS, keeps wind and rain out to prevent a cascade of damage.

Added Aug 2026 · Last checked Sep 2026

American Express Car Rental Loss and Damage Insurance is an excess plan, meaning it pays only what other cover does not, and for rentals in the United States it reimburses the lesser of the repair cost, the wholesale book value less salvage and depreciation, or the purchase invoice price. The plan documents state no dollar cap on the rental vehicle itself. What they do state is an eligibility exclusion: cars with an original manufacturer's suggested retail price at or above the threshold in the cardmember's own plan document are not covered at all, along with exotic cars, cargo vans and custom vans. That threshold is $75,000 in the Business Platinum document and $50,000 in other riders, so it is a figure to check on your own card rather than a single Amex-wide number.

Added Aug 2026 · Last checked Sep 2026

About one in three occupied homes in the United States is rented rather than owned.

Added Jun 2026 · Last checked Sep 2026

There are roughly 44.6 million renter-occupied homes in the United States, a large pool of households that may need renters insurance.

Added Jun 2026 · Last checked Sep 2026

Far fewer renters carry insurance than homeowners, leaving many tenants' belongings unprotected.

Added Jun 2026 · Last checked Sep 2026

A condo association's master policy covers the shared common areas of the building - such as the roof, basement, elevator, boiler and walkways - for both liability and physical damage.

Added Jun 2026 · Last checked Sep 2026

Under a 'bare walls' condo master policy, the association insures only the bare walls, floor and ceiling, leaving the unit owner responsible for interior items like kitchen cabinets, built-in appliances, plumbing, wiring and bathroom fixtures.

Added Jun 2026 · Last checked Sep 2026

Nearly half of U.S. renter households - over 21 million, or 49.7% of the 42.5 million renter households - spent more than 30% of their income on housing in 2023, underscoring why low-cost renters insurance matters for budget-stretched tenants.

Added Jun 2026 · Last checked Sep 2026

In a "bare walls-in" condo or co-op, the association's master policy insures only the bare walls, floor and ceiling, leaving the unit owner's HO-6 policy to cover everything inside (fixtures, built-ins, flooring, and structural elements the owner is responsible for).

Added Jun 2026 · Last checked Sep 2026

A condo unit owner's loss-assessment (unit assessment) coverage reimburses the owner's share of an assessment the association charges all unit owners after a covered loss, such as repairing fire damage to a shared lobby.

Added Jun 2026 · Last checked Sep 2026

The average annual renters insurance premium in the United States was $170 in 2021, according to the National Association of Insurance Commissioners.

Added Jul 2026 · Last checked Sep 2026

Flood damage and sewer backup are not covered under a standard homeowners insurance policy, and sewer backup is not covered by flood insurance either.

Added Jun 2026 · Last checked Sep 2026

FEMA's NFIP Residential Condominium Building Association Policy (RCBAP) can be purchased only by a condo owners' association and only covers buildings where 75% or more of the floor area is for residential use.

Added Jun 2026 · Last checked Sep 2026

FEMA's NFIP flood policy for condo associations (the RCBAP) can pay up to $250,000 in building loss payments for any one unit in the building.

Added Jun 2026 · Last checked Sep 2026

Just one inch of floodwater can cause roughly $25,000 in damage to a home.

Added Jun 2026 · Last checked Sep 2026

Nearly one-third of National Flood Insurance Program claims over 2014-2024 came from areas outside current high-risk flood zones.

Added Jun 2026 · Last checked Sep 2026

Hurricane Helene generated more than 57,400 NFIP flood insurance claims totaling more than $4.5 billion across the Southeast, including Georgia.

Added Jun 2026 · Last checked Sep 2026

Under the NFIP, the maximum flood Building Property coverage for a residential condominium building's master flood policy (RCBAP) is $250,000 multiplied by the number of units in the building.

Added Jun 2026 · Last checked Sep 2026

Flooding is the most common and most expensive natural disaster in the United States, causing more than $8 billion in damage to homes and businesses in 2024 alone.

Added Jun 2026 · Last checked Sep 2026

Floods are the most common and costly natural disasters in the United States - a key reason standard homeowners policies exclude flood and a separate NFIP or private flood policy is needed.

Added Jun 2026 · Last checked Sep 2026

Raising an NFIP flood policy deductible to the $10,000 maximum can lower the yearly cost by up to 40%.

Added Jun 2026 · Last checked Sep 2026

NFIP flood insurance typically has a 30-day waiting period between purchase and when the policy becomes effective, so it cannot be bought when a storm is already in the forecast.

Added Jun 2026 · Last checked Sep 2026

Standard NFIP flood insurance policies carry a 30-day waiting period before coverage takes effect, with exceptions for loan transactions and properties newly mapped into a high-risk flood zone.

Added Jun 2026 · Last checked Sep 2026

Federal law requires flood insurance for the life of a loan when a property sits in a FEMA-designated Special Flood Hazard Area (SFHA) in an NFIP-participating community and is financed with a loan from a federally regulated lending institution.

Added Jul 2026 · Last checked Sep 2026

FEMA defines a Special Flood Hazard Area (SFHA) as the area inundated by the flood having a 1-percent chance of being equaled or exceeded in any given year (the base flood or 100-year flood); SFHAs are the A and V map zones, and are where NFIP floodplain-management regulations and the mandatory purchase of flood insurance apply.

Added Aug 2026 · Last checked Sep 2026

Under the National Flood Insurance Program (NFIP), a single-family residential building can be insured for up to $250,000 in building coverage, and residential contents (belongings) for up to $100,000. These are the maximum federal flood coverage limits for a residential policy; protection above them requires private or excess flood insurance.

Added Aug 2026 · Last checked Sep 2026

A home inside a FEMA Special Flood Hazard Area, the high-risk zone on a FEMA flood map, has a 26 percent chance of suffering flood damage during a 30-year mortgage. The figure applies to the flood-zone designation, not to any particular city or state.

Added Aug 2026 · Last checked Sep 2026

A personal umbrella policy adds liability protection in $1 million increments over your home and auto limits.

Added Jun 2026 · Last checked Sep 2026

A personal umbrella policy pays out only after you exhaust the liability limits on your underlying auto or home policy, adding a layer of coverage on top of them.

Added Jun 2026 · Last checked Sep 2026

Most insurers require you to carry at least $250,000 of auto liability and $300,000 of homeowners liability before they will sell you a $1 million personal umbrella policy.

Added Jun 2026 · Last checked Sep 2026

Jury awards have climbed sharply: the median of the 50 largest U.S. verdicts more than doubled from $28 million in 2014 to $58 million in 2018, the kind of judgment that can far exceed standard auto or home liability limits.

Added Jun 2026 · Last checked Sep 2026

U.S. home insurers paid out $1,862 million for dog bite and other dog-related injury liability claims in 2025, and the average cost per claim has risen 97.0 percent from 2016 to 2025 as settlements, judgments and jury awards climb - the kind of large liability award a personal umbrella policy is designed to cover above a homeowners policy's limit.

Added Jun 2026 · Last checked Sep 2026

A landlord's insurance does not cover a tenant's belongings or personal liability.

Added Jun 2026 · Last checked Sep 2026

A landlord or rental dwelling policy generally costs about 25 percent more than a standard homeowners policy.

Added Jun 2026 · Last checked Sep 2026

A landlord's insurance covers only the building structure and the owner's financial interest in it; the tenant's personal belongings are not covered by the landlord's policy.

Added Jun 2026 · Last checked Sep 2026

Because a landlord's policy does not cover a tenant's belongings, many landlords require tenants to buy renters insurance before signing a lease.

Added Jun 2026 · Last checked Sep 2026

A landlord's insurance policy covers only the building structure, not the tenant's belongings or living expenses, which is why renters need their own policy for personal property and liability.

Added Jun 2026 · Last checked Sep 2026

Nationwide in 2024 the Coast Guard verified 3,887 recreational boating incidents that caused 556 deaths, with incidents up 1.1 percent and deaths down 1.4 percent from 2023.

Added Jun 2026 · Last checked Sep 2026

The 2024 U.S. recreational boating fatality rate was 4.8 deaths per 100,000 registered recreational vessels, a 2 percent decrease from 4.9 in 2023.

Added Jun 2026 · Last checked Sep 2026

Where the cause of death was known in 2024 boating incidents, 76 percent of victims drowned, and where life-jacket use was known, 87 percent of those who died were not wearing one.

Added Jun 2026 · Last checked Sep 2026

In 2024, 6,228 motorcyclists were killed in U.S. traffic crashes, 16 percent of all traffic fatalities.

Added Jun 2026 · Last checked Sep 2026

Per mile traveled in 2024, motorcyclists died at a rate of 28.00 per 100 million vehicle miles against 1.05 for passenger car occupants, almost 27 times higher.

Added Jun 2026 · Last checked Sep 2026

Per 100,000 registered vehicles in 2024, the motorcyclist fatality rate was 67.25 against 10.81 for passenger car occupants, over 6 times higher.

Added Jun 2026 · Last checked Sep 2026

In calendar year 2024, the U.S. Coast Guard counted 3,887 recreational boating incidents nationwide, which caused 556 deaths, 2,170 injuries, and roughly $88 million in property damage.

Added Jun 2026 · Last checked Sep 2026

States registered 11,674,073 recreational vessels in 2024, a 1.1% increase over the prior year, underscoring how large the pool of insurable recreational boats in the U.S. is.

Added Jun 2026 · Last checked Sep 2026

Collisions - with other vessels, with fixed objects, and groundings - were the most frequent type of recreational boating accident in 2024, making up 56% of all reported incidents; collision with a fixed object alone was the single leading incident type at 929 incidents.

Added Jun 2026 · Last checked Sep 2026

Per mile traveled, motorcyclists are far more likely to die in a crash than people in passenger cars. In 2024 the motorcyclist fatality rate per 100 million vehicle miles was almost 27 times the passenger car occupant rate.

Added Jun 2026 · Last checked Sep 2026

Motorcycles made up 3 percent of registered vehicles in the United States in 2024 and only 0.7 percent of miles driven, yet motorcyclists were 16 percent of traffic deaths.

Added Jun 2026 · Last checked Sep 2026

Most U.S. motorcyclists already wear a federally approved helmet, but a large share of those killed are not. National DOT-compliant helmet use was 73.8% in 2023, and there were 6,335 motorcyclists killed that year, up from 6,251 in 2022.

Added Jun 2026 · Last checked Sep 2026

A business owners policy bundles property and liability coverage, often for less than buying each separately.

Added Jun 2026 · Last checked Sep 2026

There are more than 36 million small businesses in the United States, accounting for 99.9 percent of all U.S. businesses.

Added Jun 2026 · Last checked Sep 2026

A business owners policy (BOP) bundles the two core coverages most small businesses need into one package: property insurance for your building and business property, and liability insurance for injuries to others.

Added Jun 2026 · Last checked Sep 2026

General liability protects a business against third-party claims of bodily injury and property damage.

Added Jun 2026 · Last checked Sep 2026

General liability insurance protects a business against financial loss from third-party bodily injury, property damage, medical costs, libel, slander, and the cost of defending lawsuits.

Added Jun 2026 · Last checked Sep 2026

Legal system abuse and litigation trends added between $231.6 billion and $281.2 billion to U.S. liability insurance losses over the past decade, pushing up premiums far faster than economic inflation alone.

Added Jun 2026 · Last checked Sep 2026

CDC estimates that 48 million people in the United States get sick from a foodborne illness each year. Of those, 128,000 are hospitalized and 3,000 die.

Added Aug 2026 · Last checked Sep 2026

Slips, trips, and falls are a leading cause of serious workplace injury, killing 805 U.S. workers in 2020.

Added Jun 2026 · Last checked Sep 2026

Beyond deaths, falls caused 211,640 severe injuries that forced private-industry U.S. workers to miss work in 2020.

Added Jun 2026 · Last checked Sep 2026

Private-industry employers across the U.S. reported 2.5 million nonfatal workplace injuries and illnesses in 2024, down 3.1 percent from 2023 and the lowest in the series back to 2003.

Added Jun 2026 · Last checked Sep 2026

The U.S. private-industry incidence rate of total recordable workplace injury and illness cases was 2.3 cases per 100 full-time equivalent workers in 2024, down from 2.4 in 2023.

Added Jun 2026 · Last checked Sep 2026

U.S. workers' compensation benefits paid to injured workers and their medical providers totaled $61.7 billion in 2022.

Added Jun 2026 · Last checked Sep 2026

Workers' compensation and medical expenses from workplace falls are estimated to cost about $70 billion every year in the United States, underscoring how expensive slip, trip, and fall injuries are for businesses and their insurers.

Added Jun 2026 · Last checked Sep 2026

There were 5,283 fatal work injuries in the U.S. in 2023, a rate of 3.5 fatalities per 100,000 full-time-equivalent workers, averaging about 15 worker deaths a day, down from roughly 38 a day in 1970.

Added Jun 2026 · Last checked Sep 2026

Falls are the leading cause of death in construction: in 2024 there were 389 fatal falls to a lower level out of 1,034 total construction fatalities.

Added Jun 2026 · Last checked Sep 2026

Transportation incidents were the most frequent type of fatal work event in 2024, accounting for 38.2 percent of all occupational fatalities, with 1,937 deaths.

Added Jun 2026 · Last checked Sep 2026

Personal auto policies exclude most business use, a gap that commercial auto coverage fills.

Added Jun 2026 · Last checked Sep 2026

In 2024, 5,340 people were killed and an estimated 161,201 were injured in U.S. traffic crashes involving large trucks.

Added Jun 2026 · Last checked Sep 2026

Most people killed in large-truck crashes are not the truck occupants: in 2024, 70 percent of those killed were occupants of other vehicles.

Added Jun 2026 · Last checked Sep 2026

A personal auto policy does not cover commercial use of a vehicle, and a vehicle owned by a business has no coverage under a personal auto policy, so businesses generally need commercial auto insurance.

Added Jun 2026 · Last checked Sep 2026

An estimated 528,177 large trucks were involved in police-reported traffic crashes nationwide in 2023, and an estimated 153,452 people were injured in crashes involving large trucks.

Added Jun 2026 · Last checked Sep 2026

For-hire interstate motor carriers transporting nonhazardous property in a vehicle with a gross vehicle weight rating of 10,001 pounds or more must maintain at least $750,000 in public liability insurance.

Added Jul 2026 · Last checked Sep 2026

Professional liability, or errors and omissions, covers claims that your work or advice caused a client a financial loss.

Added Jun 2026 · Last checked Sep 2026

Professional liability insurance, also called errors and omissions (E&O) insurance, covers claims that general liability insurance does not, including negligence, misrepresentation, violation of good faith and fair dealing, and inaccurate advice.

Added Jun 2026 · Last checked Sep 2026

Most professional liability (E&O) policies are written on a claims-made basis, meaning the policy must be in effect both when the event happened and when the lawsuit is filed for a claim to be paid.

Added Jun 2026 · Last checked Sep 2026

The U.S. Small Business Administration advises that businesses providing services to customers need professional liability insurance, which protects against financial loss from malpractice, errors, and negligence.

Added Jun 2026 · Last checked Sep 2026

A professional who works out of their home needs a separate professional liability policy, because a standard homeowners policy does not cover professional services performed for a fee.

Added Jun 2026 · Last checked Sep 2026

About 7.4% of all physicians can expect a medical malpractice (professional liability) claim to be filed against them in any given year, showing how routinely service professionals face negligence claims.

Added Jun 2026 · Last checked Sep 2026

Roughly 78% of medical malpractice claims close with no payment to the claimant - meaning most professional liability claims are defended rather than paid, which is exactly why services firms need E&O coverage to fund a legal defense even on claims they ultimately win.

Added Jun 2026 · Last checked Sep 2026

Small businesses are frequent cyberattack targets, often because they lack dedicated security staff.

Added Jun 2026 · Last checked Sep 2026

Nationwide in 2025, the FBI's Internet Crime Complaint Center logged 1,008,597 complaints and a record $20.877 billion in reported losses, a 26 percent increase in losses over 2024.

Added Jun 2026 · Last checked Sep 2026

A CISA systematic review of cyber-incident cost studies found that the lowest published estimates put the average total cost of an incident for a small or mid-sized business at $117,000 and $149,000. Those two figures come from Kaspersky Lab research published in 2017 and 2018, which CISA identified as the low end of the range across the studies it reviewed. Higher estimates in the same review run well above them.

Added Jun 2026 · Last checked Sep 2026

Business Email Compromise accounted for $3.05 billion in reported losses to the FBI's Internet Crime Complaint Center in 2025.

Added Jun 2026 · Last checked Sep 2026

A farmowners (farm package) policy insures the dwelling and farm structures, including mobile homes, household belongings, and both listed and unlisted farm personal property on the premises.

Added Jun 2026 · Last checked Sep 2026

The liability section of a farmowners policy protects the farm or ranch owner against claims for bodily injury or property damage arising from the premises or farm operations.

Added Jun 2026 · Last checked Sep 2026

The U.S. had 1,900,487 farms covering 880 million acres in 2022 - the first time the national farm count fell below 2 million since before the Civil War - a 7% drop in farms and 2.2% drop in farmland since 2017.

Added Jun 2026 · Last checked Sep 2026

U.S. farms and ranches earned $1.26 billion from agritourism and on-farm recreation services in 2022 (up 12.4% from 2017 after inflation), with about 57% of counties reporting agritourism income - a fast-growing liability exposure for farm owners who host visitors.

Added Jun 2026 · Last checked Sep 2026

No licence, fee, or permission is required to store and display the U.S. Census Bureau's NAICS reference files. The Census Bureau publishes them under a Public-Use Statement whose only obligation is to cite the Census Bureau as the source; conclusions drawn from the data are the user's own responsibility.

Added Jul 2026 · Last checked Sep 2026