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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 financial losses caused by hazards such as severe weather, property crimes, and liability lawsuits. This insurance can prove quite beneficial as is evidenced by the fact that in 2019 alone, businesses in Vermont collected approximately $663 million in insurance claims.
A local independent agent can help you build a business insurance plan that is customized to meet the specific needs of your business.
Liability lawsuits can be quite expensive for businesses to deal with. Take, for instance, a customer slip-and-fall injury. The average amount paid out in insurance claims to cover the liability expenses incurred by businesses for these injuries is $20,000.
It is not uncommon for liability lawsuits filed against businesses to result in judgments of $1 million or more. That is why having the right commercial liability coverage in place is so important when you are building your business insurance policy package.
Here are some other common hazards small businesses in America have been using their business insurance to cover:
A local independent insurance agent can help you be sure that you have the right coverage in place to handle any of the hazards that might impact your Vermont business.
There are several ways that business insurance can shield your company from financial losses. If your inventory is damaged, if a customer files a liability lawsuit, or if an employee is severely injured on the job, as long as you have the right business insurance coverage in place, you won't have to worry about the related expenses will affect your company’s bottom line.
Here are some of the things you can expect a well-built business insurance policy package to do for your business:
A business insurance policy in and of itself is not required by law in Vermont. However, certain types of coverage that are typically included in business insurance policy packages may be required. For example:
To learn more about coverage that you may need to carry, you can talk with a local independent insurance agent.
Commercial insurance premiums are calculated using a number of factors such as:
Insurance coverage needs can vary significantly from one business to the next, so it is best to talk with an experienced insurance agent when you are working to build comprehensive, yet affordable, policy package for your company.
Independent agent agents can help you make sure that you are getting the right coverage for each of your company’s potential exposures while avoiding purchasing policies your business does not need. Also, because they are free to 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 agent.
Yes! There are currently 107 independent insurance agencies in Vermont. These agents are ready to help you find the best and most affordable coverage for your business.
Independent insurance agents can work with several different insurance providers to find you build a comprehensive and competitively priced business insurance portfolio. Contact an insurance agent near you to discover how much time and money you can save by working with one of these experienced and knowledgeable insurance professionals.
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|