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What type of insurance do you need?
They understand your risks and will find you the coverage you need.
Business insurance is designed to safeguard your company against the various financial losses it may experience due to hazards such as damaging weather events, property crimes, and liability lawsuits.
This coverage can prove quite beneficial as is evidenced by the fact that businesses in Arkansas collected more than $1.4 billion in insurance claims in 2016 alone.
A local independent agent can help you build a customized business insurance plan that is designed to meet the specific coverage needs of your company.
Experts estimate that as many as 40% of all small businesses are likely to experience a property damage or general liability lawsuit setback in the next 10 years. One of the most common types of liability lawsuits faced by businesses are customer slip and fall injuries, which average about $20,000 per claim.
The following are some of the other common hazards American companies have experienced in recent years as well as the approximate average amount they collected when filing claims:
In Arkansas, business insurance can cover losses associated with a variety of potential hazards so that your business doesn’t have to experience large financial losses.
Here are some of the many ways you can expect a well-built business insurance policy package to safeguard your company’s finances:
A business insurance policy is not required by law. However, some types of commercial insurance that are often included in a comprehensive business insurance plan may be. For example:
To learn more about coverage that you may need to have for your business, you can talk with a local independent insurance agent who will be familiar with your state’s requirements.
Business insurance rates are calculated according to a number of factors such as:
Coverage needs can vary significantly from one industry to the next, so it is best to work with an experienced insurance agent who can help you build a suitable and comprehensive policy package for your company.
A comprehensive business insurance policy package will consist of several different types of policies. Because independent agents can work with multiple insurance companies, they are able to search for the best price for each type of coverage you need.
Sometimes this means building a business insurance portfolio that includes policies from several different insurance companies. Don’t worry. You will still only have one point-of-contact with your local independent insurance agent.
Yes! There are currently 220 independent agents in Arkansas. These agents are available and ready to help you with all of your business insurance coverage needs.
Did you know that independent insurance agents can work with several different insurance providers to find you build a comprehensive, yet competitively priced, business insurance policy portfolio? Work with an independent agent near you to ensure that your business is fully covered against all of its various exposures.
Number of businesses in the US: 27,626,360
Burglary rate per 1,000 residents in the US: 3.76
Auto theft rate per 1,000 vehicles in the US: 2.29
|City||No. businesses||Burglaries / 1,000 people||Auto thefts / 1,000 cars|
|North Little Rock||5,576||6.49||4.35|