How Much Does Business Insurance Cost?
If you own a business or if you’re just starting a new business in Arnold Missouri, you may be searching the internet for “Business Insurance Quote Arnold MO .” Finding the best commercial insurance policy for your business can be challenging. As a business owner, you will need to cover a range of risks and potential incidents, like accidents, injuries, equipment and property damage, theft and liability claims – even if you have a well-established corporation.
An experienced, independent, commercial insurance agent with MJM Insurance® can make this insurance task much easier. We will assess your business risk, determine the insurance coverages that you need, and for the best price. Many business risks are quite complicated; it is best to have a commercial insurance agent who specializes in business.
There are no average business liability insurance costs for both small and large businesses. Some businesses may need to carry Errors and Omissions Insurance, if they give professional advice, some carry business auto insurance because they drive a vehicle for their business. For example: a sole proprietor might pay $500 per year for general liability insurance, but a small consulting firm is likely to pay over $3,000 per year.
There are many ways to package policies, get discounts, and reduce your business insurance costs. Small business owners can often get a combined policy that provides all the basic coverage a small business needs. Known as a “business owner’s policy” or “BOP” this type of packaged policy can make the cost of business insurance very affordable for a small enterprise.
Costs will vary considerably depending on the specific risks of the business. Professional liability insurance covers the “human error” risk when you give advice or offer consultation. While this coverage is typically associated with advisors, such as accountants and consulting firms, many different types of small businesses carry this coverage to hedge against the risk of a law suit. Average business insurance costs for E & O coverage for small firms is typically in the range of $1,000 to $3,000 annually per million dollars of coverage.
Rest assured when you are working with an MJM Insurance® agent, you are working with someone with experience and knowledge in commercial coverage when obtaining business insurance quotes. If you are like many business owners, you have put sweat and equity into building your company, and we will make sure you are not at risk of losing all that you have worked so hard to achieve.
Don’t guess if the coverage you have is right for your needs and is fairly priced. Start your search for “Business Insurance Quote Arnold MO ” by calling a professional commercial insurance agent with MJM Insurance® to be certain. We have access to many carriers to shop for your business insurance and get the same or better coverage for less cost. While we are able to shop many companies, we also have expertise in a variety of industries such as Animal Hospitals, Auto Repair Shops, Contractors and Beauty Shops.