How is Property Rate Determined?

Several factors go into the property rate including property size, protection class, age of the building, construction type, etc. Protection Class These rates are determined by things such as the protection class of the property. Protection class is determined by things such as how far your business is from the fire station or how far your business is from the nearest fire hydrant. Construction Type and Age The construction type and age of your building will also affect the property rate on your policy. Masonry construction may receive a lower property rate than frame because it is less susceptible to certain types of losses.

Business Insurance Archives

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Business Succession Planning and Insurance

June 15, 2023

What will the next chapter look like? Here’s what the future involves in terms of business succession planning and insurance:

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What to Consider When Comparing Different Insurance Quotes for Coverage

March 24, 2022

It’s a good idea to get different quotes for coverage. Here’s what to consider when comparing different insurance quotes for coverage:

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Insure to Value: Cost to Buy or Cost to Build

February 10, 2022

For the buildings on your insurance policy, you have to insure to value, the cost to buy or cost to build, to make sure you’re covered.

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What to Know About Home-Based Business Insurance

December 30, 2021

It may be tempting to ignore liability, but here are a few examples of home-based business insurance and what could be at risk:

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How to File a Business Insurance Claim

December 24, 2020

Filing a claim can be stressful. Here’s how to file a business insurance claim and a few things you should do to be prepared:

3 Tips for Buying General Liability Insurance

December 3, 2020

Getting coverage for your business is nuanced process. Here is a high-level overview of a few tips for buying General Liability Insurance:

5 Important Insurance Coverages for Gyms and Fitness Clubs

November 12, 2020

Here are a few important insurance coverages for gyms and fitness clubs that owners should consider adding to their insurance portfolio:

Is Civil Unrest Covered by Insurance and How Can it Affect Your Policy?

September 3, 2020

Is civil unrest covered by insurance & how does it affect your policy? Property may be covered, but there are other potential risks & effects.

3 Steps to Building the Perfect Business Insurance Policy

August 20, 2020

You need to get full coverage in the commercial insurance buying process. Here are 3 steps to building the perfect business insurance policy:

3 Things to Know About Insuring Your Landscaping Business

August 13, 2020

Landscaping businesses are often seasonal in nature. Here are 3 things to know about properly insuring your landscaping business:

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5 Reasons to Review Insurance During COVID-19

July 23, 2020

Business updates can affect your insurance risks. Here are a few business changes that are reasons to review insurance during COVID-19:

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Why Businesses Need Cyber Liability Insurance Now More than Ever

July 9, 2020

As remote work & online transactions increase, so do cyber liability risks. This is why businesses need cyber liability insurance even more:

3 Factors That Affect the Cost of Commercial Insurance Policies

June 18, 2020

Several factors affect insurance costs. Here are a few of the main factors that affect the cost of commercial insurance policies: