Your small business insurance policy protects your long-term financial health.
To ensure you have the right coverage, there are several relevant insurance questions to ask before purchasing one or more business policies.
When you compare business insurance quotes to determine which policy is the most cost effective for your business, your policy could have two kinds of payment limits:
Aggregate limit. Your policy will pay the maximum amount for all of your claims in one year.
Per-occurrence limit. There is a maximum amount that can be received per claim.
Small business insurance costs can be affected by several factors, including the types of policies you are considering and your business operations.
Listed below are some factors that could affect your policy's cost:
The cost of small business insurance can be reduced by bundling policies, but it can also be reduced by creating a safe workplace environment that mitigates risks. It’s also helpful to compare policies from different carriers to find savings and the right coverage for your needs.
IGM Brokerage Corp. is an independent insurance brokerage operating in the Bronx, New York. Over the past 50 years, we have served the tri-state area as a family business. Whether it's for a small business or an individual, our experienced staff can customize the right insurance policy. It is our passion to help our customers save money and form personal relationships with them.
