Total revenue made by small businesses in Delaware: $22.2 billion
Without insurance, business claims have to be paid out of your pocket, meaning they have to be paid out of your business’s revenue. So if an intense winter storm, an unexpected fire or a criminal act damages your property, you'll have a serious financial loss.
40% of small businesses are likely to experience a property or general liability claim in the next 10 years.
Delaware business insurance will pay for covered claims so your business doesn’t have to. It's a financial protection plan that gives you peace of mind when something unexpected happens so you can focus on your bottom line.
Here’s what a standard business insurance policy should do:
Sometimes, these coverages are not enough to properly protect a business against risk. Your business most likely faces unique risks and may need additional coverages. For example, if you offer financial services or legal counsel, you will need much different coverages from a retail store or manufacturing factory.
To make sure you're properly insured, we can match you with the right independent insurance agent who specializes in your field. That way, you'll receive comprehensive, affordable and personalized insurance.
While a commercial insurance policy is not required of business owners, certain aspects of it may be. In this state, businesses that employ at least one full- or part-time employee must carry workers' compensation insurance. Additionally, businesses that have company-owned vehicles must carry commercial auto insurance. To learn more about coverage that you may need to carry, you can talk with a local Trusted Choice® agent.
Primarily, it depends on how risky your business is. The riskier your business is, the higher your insurance will be. Here are two examples.
Business insurance rates are calculated using a number of factors such as the risks to your business property, your liability coverage needs, and the amount and types of coverage you want. Policies can vary significantly by business industry, so it is best to talk with an experienced insurance agent when building a suitable and comprehensive policy for your business.