Are you wondering what it may cost you to purchase insurance for your business? The cost of insurance will vary between businesses, as each business is unique. This means that the cost to purchase an insurance policy for your business will likely be different
than another business due to different factors and characteristics of the business. Some factors that can affect the cost of insurance include:
- The location of your business
The revenue of your business
The size of your business
The history of claims made by your business
The amount of time your business has been operating for
Some additional factors that can influence cost include the amount of coverage and limits you select as well as the industry of your business. If you choose a higher coverage limit, your insurance policy could cost more. The industry of your business could also impact the cost of your coverage; if there is a greater risk of exposure, you may have to pay more to insure your business.
The type of coverage you choose can influence your premium cost. PolicySweet® offers business owners policy (BOP), HomeHQ coverage, and workers’ compensation insurance. You can learn more about the coverages below.
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