Business insurance rates are calculated according to a number of factors such as the type of business you own, it’s annual revenues, the value of your business assets, the number of workers you employ, your company’s liability coverage needs, and the amount of coverage you want to buy.
Insurance coverage needs can vary significantly by industry, so it is best to work with an experienced independent agent when you are building a comprehensive business insurance policy package for your company. These agents can make sure that you are getting the right coverage for each of your company’s potential exposures while helping you avoid paying for policies your business does not need.
Also, because independent agents can work with multiple insurance providers, they can 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.