Keith Sanders Insurance Group
  • Home
  • Quotes
    • Auto Quotes >
      • Auto Insurance Quote
      • ATV Insurance Quote
      • Classic Car Insurance Quote
      • Roadside Assistance Quote
      • Motorcycle Quote
      • RV Insurance Quote
    • Property Quotes >
      • Home Insurance Quote
      • Earthquake Insurance Quote
      • Flood Insurance Quote
      • Landlords Insurance Quote
      • Renters Insurance Quote
    • Life & Financial Quotes >
      • Life Insurance Quote
      • Annuity Quotes
      • Disability Insurance Quote
      • Final Expense Insurance Quote
    • Business Quotes >
      • Business Insurance Quote
      • Business Owners Package (BOP) Insurance Quote
      • Group Benefits Insurance Quote
      • Insurance Bond Quote
      • Workers Compensation Quote
    • Health Quotes >
      • Health Insurance Quote
      • Critical Illness Insurance Quote
      • Dental Insurance Quote
      • Long Term Care Insurance Quote
      • Medicare Supplement Coverage Quote
      • Vision Insurance Quote
    • Other Quotes >
      • Boat Insurance Quote
      • Umbrella Insurance Quote
  • Service
    • Report a Claim
    • Make a Payment
    • Update Contact Info
    • Policy Changes
    • Proof of Insurance
    • Contact My Carrier
    • Online Documents
    • Free Consultation
  • Insurance
    • Vehicles >
      • Auto Insurance
      • ATV Insurance
      • Boat Insurance
      • Classic Car Insurance
      • Motorcycle Insurance
      • Roadside Assistance
      • RV Insurance
    • Property >
      • Home Insurance
      • Earthquake Insurance
      • Flood Insurance
      • Landlords Insurance
      • Renters Insurance
    • Life/Financial >
      • Life Insurance
      • Annuities
      • Disability Insurance
      • Final Expense Insurance
      • Umbrella Insurance
    • Business >
      • Business Insurance
      • Business Owners Package (BOP) Insurance
      • Group Benefits
      • Insurance Bonds
      • Workers Compensation
    • Health >
      • Health Insurance
      • Critical Illness Insurance
      • Dental Insurance
      • Long Term Care Insurance
      • Medicare Supplement Coverage
      • Vision Insurance
  • About
    • Staff Directory
    • Client Testimonials
    • Refer a Friend
    • Insurance Carriers
    • Agency Photo Gallery
    • Blog
    • News
  • Contact

Keith Sanders Insurance Group Blog

Costs of Insurance for Your Small Business

12/12/2019

0 Comments

 
Picture
​Buying insurance for your business has become a necessity nowadays because it covers not only your commercial building, but as well as your brand name, products, and hardworking employees. While most insurance costs depend primarily on your individual business, you can still get a good idea of how much it will cost you by looking at different data from thousands of companies. To help you out in picking the best insurance policy for your budding business, here is a guide to the costs you must consider.
Business Type, Limit, and Deductible
Without considering the industry or the policy purchased, experts find out that the average business insurance will cost small-time owners around $1,281. Over the years the median cost has only increased to $584 from $500. It can be considered positive news for many business owners because it meant that most policies are still under the thousand-dollar mark.

However, there are still factors to be taken into account, such as the kind of policy they bought for different business purchases. The cheapest plan that most firms offer is General Liability Insurance which only costs around $428 yearly. Another one is the limit wherein you decide on the coverage you want, and the firm will price it accordingly. A higher limit will cost you higher average costs. Next is the deductible, or the amount you are going to pay after the insurance company covers some of it. If you choose to get a policy with higher deductibles, then the cost of your plan will decrease.

Business Size and Industry

The size of your business can also affect your policy insurance, especially if you are planning to buy Property Insurance and General Liability Insurance. It takes into account the dimensions of your commercial building, the location of the headquarters, and the size of the lot where it is built. Next one is the industry in which your business belongs. If it considered among the low-risk companies like an accounting firm, then you may have lower premiums, as compared to a construction business This is because you are less likely to file for a claim.

Location, Revenue, and Employees
Another is the location of your business. Same business in Montana may find the premiums lower than those in California. As for the revenue, the more you earn, the higher the premiums will be. Lastly, the number of employees that you have can affect other insurance policies, such as the Workers’ Compensation Insurance, General Liability Insurance, and Professional Liability Insurance.

The type of policy you are going to get can also affect the amount you are going to pay. More coverage means more monthly premiums to pay. Shop around for different offers because you do not want to get less than what you pay for or buy more than what you need.

At Keith Sanders Insurance Group, we do our best in making sure that our clients are well-protected with affordable and comprehensive policies. We make sure to go the extra mile to help you with your needs. To learn more about how we can help you, please contact our agency at (254) 235-8185 or Click Here to request a free quote.
0 Comments



Leave a Reply.

    Contact Us

    (254) 235-8185​
    6801 Steinbeck Bend Dr
    Waco, TX 76708
    Click Here to Email Us

    Archives

    March 2020
    February 2020
    January 2020
    December 2019
    November 2019
    October 2019
    September 2019
    August 2019
    July 2019
    June 2019
    May 2019
    April 2019
    March 2019
    August 2018

    Categories

    All
    Auto Insurance
    Business Insurance
    FAQs
    Financial
    Home Insurance
    Insurance
    Life Insurance
    Local
    Motorcycle Insurance
    Safety

    RSS Feed

Navigation

Homepage
Insurance Quotes
Policy Service
Insurance Products
Contact Us
Agent Login

Connect With Us

Share This Page

Contact Us

Keith Sanders Insurance Group
6801 Steinbeck Bend Dr
Waco, TX 76708
(254) 235-8185
Click Here to Email Us
Review Us

Location

Website by InsuranceSplash - 1
  • Home
  • Quotes
    • Auto Quotes >
      • Auto Insurance Quote
      • ATV Insurance Quote
      • Classic Car Insurance Quote
      • Roadside Assistance Quote
      • Motorcycle Quote
      • RV Insurance Quote
    • Property Quotes >
      • Home Insurance Quote
      • Earthquake Insurance Quote
      • Flood Insurance Quote
      • Landlords Insurance Quote
      • Renters Insurance Quote
    • Life & Financial Quotes >
      • Life Insurance Quote
      • Annuity Quotes
      • Disability Insurance Quote
      • Final Expense Insurance Quote
    • Business Quotes >
      • Business Insurance Quote
      • Business Owners Package (BOP) Insurance Quote
      • Group Benefits Insurance Quote
      • Insurance Bond Quote
      • Workers Compensation Quote
    • Health Quotes >
      • Health Insurance Quote
      • Critical Illness Insurance Quote
      • Dental Insurance Quote
      • Long Term Care Insurance Quote
      • Medicare Supplement Coverage Quote
      • Vision Insurance Quote
    • Other Quotes >
      • Boat Insurance Quote
      • Umbrella Insurance Quote
  • Service
    • Report a Claim
    • Make a Payment
    • Update Contact Info
    • Policy Changes
    • Proof of Insurance
    • Contact My Carrier
    • Online Documents
    • Free Consultation
  • Insurance
    • Vehicles >
      • Auto Insurance
      • ATV Insurance
      • Boat Insurance
      • Classic Car Insurance
      • Motorcycle Insurance
      • Roadside Assistance
      • RV Insurance
    • Property >
      • Home Insurance
      • Earthquake Insurance
      • Flood Insurance
      • Landlords Insurance
      • Renters Insurance
    • Life/Financial >
      • Life Insurance
      • Annuities
      • Disability Insurance
      • Final Expense Insurance
      • Umbrella Insurance
    • Business >
      • Business Insurance
      • Business Owners Package (BOP) Insurance
      • Group Benefits
      • Insurance Bonds
      • Workers Compensation
    • Health >
      • Health Insurance
      • Critical Illness Insurance
      • Dental Insurance
      • Long Term Care Insurance
      • Medicare Supplement Coverage
      • Vision Insurance
  • About
    • Staff Directory
    • Client Testimonials
    • Refer a Friend
    • Insurance Carriers
    • Agency Photo Gallery
    • Blog
    • News
  • Contact