5/24/2023 0 Comments Well sweep herb farmFor example, a general liability policy with a $1,000,000 limit per claim will cost more than one with a $300,000 limit. Policy Limits - When you buy a policy, you can decide how much coverage you want, and you typically will pay more for higher limits.For example, if your business is located in Calistoga, your business insurance costs may be lower than a similar business located in Los Angeles or San Francisco. Location - Your zip code can have a significant impact on your premium.Industry - If you own a white collar business like an accountant, your premiums can be lower than a roofing company, where the potential risks for bodily injury and property damage are higher.So if your small business earns less than $30,000 annually, your premiums may be lower than a larger corporation that earns more than $2,000,000. Gross Sales - The more revenue you have, the higher your premium can be.Experience - A business with more experience can often get lower premiums that newer businesses with less experience.Employees - The more people working for your company typically translates into higher insurance costs. ![]() If you raise your deductibles (out-of-pocket costs), your premium will usually decrease.
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