You'll gain insight on the different factors that go into a commercial property portion of a policy, such as class rating, specifically rating, how business owner policies (BOP) work, and combined coverage pricing. You’ll gain insight on how the liability portion of a policy protects you in the event of a lawsuit, which could be from a product you sold or someone slipping and falling on your premises. You’ll also learn that liability portions of policies are often specific to the type of business. For instance, it’s often based on sales in retail businesses and on payroll for contractors or trades businesses.
To understand how commercial insurance works and to ensure you have the appropriate coverage for your business, look to Dave Smith, Vice President of Commercial Insurance at United Insurance. He’s an expert at helping businesses understand commercial insurance coverage and is committed to helping his clients construct the right policy to fit their needs. There are many components that need to be considered when finding the perfect insurance policy for your business. Including, the factors that affect the commercial property portion of a policy, how liability affects the cost of the policy and why you should shop for insurance. While also considering, how you can negotiate major savings on a premium by contacting the underwriter once that premium’s been determined, and the importance of building long-term relationships with clients.