Commercial Insurance Buying Tip #1
Ask your broker or agent how the insurance carrier is rating your Liability policy.
Factors used can be revenue, payroll, sq ft, # of employees, or other factors to generate the premium and ask if the policy have a year end final audit?
The different rating factors used will often produce quite a difference in premiums. Let's use the one that gives you the best pricing!
Directors & Officers Liability
Professional Liability (E&O)
Business Owners Policies
Marine Liability / Ship Repairers
Commercial Auto / Truckers
Employment Practices Liability