Commercial insurance premiums are calculated using a number of factors such as:
- The type of business you own
- The value of your company assets
- The number of workers you employ
- Your liability coverage needs
- The amount of coverage you want to purchase
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.