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The question is too broad to give a completely definitive answer. The factors include (1) the amount of coverage, (2) the type of business, (3) unusual risks, (4) classification of workman's compensation insurance, (5) credit history, (6) length of time in business and dozens of other factors. In effect, that is an insurance broker's job, to take your situation to market and bid it out among competing insurance companies. Wrapping the package into a BOP (an all inclusive policy) will cut down on costs. An agent's job is to understand your risk factors and put your limited insurance dollars in the right place. Each situation is individual.
What else can I help you with?
How much does it cost to own a small business?
Canno't really say. Depending on what business it is, how much insurance you have to pay, how much are your suppliers selling you their products.
What is the cost of insurance?
It depends on a number of factors. The first is what type of business you are operating, where you are located in the U.S., and what the rating basis is for the company you are getting the quote from. Some charge on sales, payroll, square footage of your business etc.Your state insurance department is your best resource for insurance-related questions and concerns. Find information on insurance companies and agents, rate quotes and comparisons, insurance buying tips, claims filing information and much more!State Insurance Department websites:
How do insurance companies determine if business are underinsured?
Under insurance is the situation where your insurance coverage is less than what is required to cover any loss you would incur. Insurance companies do random checks and base any quotes on the market averages to try to avoid the occurrence of under insurance.
How much would the electric cost for a small restaurant business be?
It would cost about $20,000.
Is insurance premiums for fire insurance an example of variable cost?
is insurance premiums for fire insurance an example of variable cost?
How much does small business insurance cost?
£300 - £500
How much does business car insurance cost?
The cost of a business car insurance varies on the number of factors that include location of business, type of business and number of employees. It's best to discuss this with an insurance agent who can quote you the appropriate prices.
How much does it cost to own a small business?
Canno't really say. Depending on what business it is, how much insurance you have to pay, how much are your suppliers selling you their products.
Where can a small business find comparisons of the cost of business insurance from different providers?
Small business owners can look for comparisons of the cost of business insurance from different providers in a few ways. One is to contact an insurance broker who specializes in business insurance.
How much does insurance on a store cost?
It would cost around 250-350 because it is a retail business and insurance is expensive also very important to have. That is way it is a tad bit expensive. :)
What is the cost of bonding insurance in Raleigh NC for a cleaning business?
The cost of bonding insurance depends on the amount of insurance you would like to purchase for your business. You can usually get a policy for a couple hundred dollars.
How much can I expect to pay in health insurance for a small business?
The cost for your companies health insurance will depend on many factors,including the number of employees and there ages.
What does an insurance company's actuarial department do?
Studies Claims, its history, cost of doing business and mortality statistics. Pretty much they set rates for Insurance Company's' lines of insurance in order to maximise profits.
How much is business car insurance?
Business insurance depends on your business income and home much you can put forth during a years time. Business car insurance should be pretty standard to regular insurance unless you have multiple drivers added to your plan.
What is the average cost of small business?
There is no actual "average" cost for small business insurance. The cost is dependent on your business's income, and therefore cannot be calculated without more information.
How much does insurance cost for a retail store?
The insurance cost for a retail store will vary depending on a number of factors. An average retail store will pay premiums of $500 to $2,500 per year based on the business worth.
How much does it cost of a certificate of liability insurance policy?
The answer depends on the type of business.: Human-being Scientific Development & Advanced Association.
