It can be frustrating to begin to get a small business insurance quote and find out you don't even have all the information together that you need. This information should save you time and energy by helping you gather all the essential information that you need to get an accurate quote and avoid the back and forth.
Most Business Insurance quotes require basic information like:
Your daily operations are considered when determining the risk exposure. For example, a Residential Contractor has a different risk exposure than a Commercial Contractor.
An Inland Marine Endorsement to your Business Insurance Quote can offer protections to your equipment and building materials. The information needed for an Inland Marine endorsement would include:
Listing specific equipment valued over $1,000 will likely require making, model, serial number specifications, and value.
Inland Marine Insurance is insurance coverage that protects transportable good s on land and inland waterways. Transportable goods can include building materials, tools, and portable computer equipment like tablets and laptops.
For example, a Painter may want to insure an expensive paint spray rig and other tools with an Inland Marine Endorsement since this equipment is transported to various job sites. Likewise, a Carpenter can insure cabinets and other building materials to be installed at a job site.
If you have employees, you are generally required to carry Workers' Compensation Insurance. Prepare to provide:
Note that Owners and Partners are not considered employees.
When insuring a commercial property through a Business Owners Policy (BOP), you'll need to provide:
The construction and use of your building can influence the insurance premium quote. For example, a fire-resistant building with automatic sprinklers has a lower exposure than a building lacking these features.
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124 West Capitol Ave, Suite 1886, Little Rock, AR 72201
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