Insurance For Small Business Company
Insurance For Small Business Company
What are the average rates for small business insurances (liability)?
I am starting a company and am looking to get average prices and best companies to get small business insurance. Help!
You forgot to mention what your small business will be doing. The rates vary significantly between different occupations. I am sure that you already know that the rates for a small business that replaces roofs will be different than for someone who is going to open a shop selling posters.
You have to call an independent agent in your area to get an accurate premium so that you can build that expense in to your expense planning. If you will be charging an hourly rate you need an accurate figure to build in to the rate you plan on charging. If you are opening a shop you need to build in the cost of insurance as well as other expenses to calculate the mark up you will need to make a profit.
The fact is you need an accurate answer and you won’t get it here. An average premium is of no value. You need to call an independent agent in your area to get an accurate estimate.
Check your Yellow Pages or go to this link to find an independent agent – http://www.iiaba.net/agentlocator/findagent.aspx
Good luck on your new business.
Companies find the cost of insurance to a large earthquake jolt, many without coverage because of high premiums and deductibles. As small business owners in Southern California, Hilario Sanchez knows all too well the shock, the damage and of course the inevitable cleanup after an earthquake.
