Commercial Insurance Quote
TOTAL ANNUAL PREMIUM $350 (varies by state)* ===> CLICK HERE FOR CERTIFICATE <===
See below for coverage limits
| Liability Coverages | Limits of Insurance | Premium |
|---|---|---|
| Business Liability Insurance Each Occurrence | $1,000,000 | |
| General Aggregate | $2,000,000 | $ Included |
| Products/Completed Operations Aggregate | $2,000,000 | $ Included |
| Personal and Advertising Injury | $1,000,000 | $ Included |
| Damages to Premises Rented to You | $ 300,000 | $ Included |
| Medical Expenses | $ 10,000 | $ Included |
Key components
In order to obtain a commercial insurance quote there are some specific items that need to be addressed.
Classifying your small business correctly is the first step in obtaining a commercial insurance quote. A detailed description of your products and services is important for the general liability classification process.
The next step in getting a business liability insurance quote is to determine the rating basis from which the premiums are promulgated. Some of the typical rating factors include:
- square-footage of your small business
- the annual gross payroll
- the annual gross sales
- number of employees
Another component of getting a commercial insurance quote is to assess the claims and losses. Insurance companies typically frown upon high-frequency or high severity claims potential. Most insurance companies are not looking to provide insurance for general liability claims that are frequent and severe.
Risk management and loss control are an important factor in getting a commercial insurance quote from insurance companies. The subjective part of the pricing for an insurance quote can be usually debited or credited up to 25% of the premium depends upon whether or not your small business has sound risk management practices in place.
If you as a small business owner will address these four steps in obtaining a commercial insurance quote, you will be well on your way to obtaining the best pricing possible. The first two steps are more objective while the last two steps are more subjective. Presenting your small business in the best possible light to the insurance companies will in turn provide you with the best possible commercial insurance quote from the insurance companies.
