EASY 10 POINTS: How much is usually commercial insurance? In this case, it's for a business.?

Question

EASY 10 POINTS: How much is usually commercial insurance? In this case, it's for a business.?

Answer 1

In all cases, commercial insurance is for a business. The premium can vary greatly, depending upon the business and location. It can also vary by the amount of property and liability coverage. I've seen commercial insurance as low as $1000 a year to the tens of thousands.

Answer 2

Depends on the business.  I've seen as low as $750 minimum premium (lowest charge a company will charge for premium) up to $100,000 per policy per year.  Then, also, there are several kinds of policies all of which can be very expesnive or very inexpensive depending on the business (commercial package - porperty & liability, workers comp, professional liability - errors & ommissions, commercial auto, etc).  We insure some companies that have 5-10 different policies, all of which they need..