How Much Does Insurance Cost For A Small Business?
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How much does insurance cost for a small business is a common and understandable question as people want this information for planning and budgeting purposes and understanding your cost structure and making a best, worst and expected revenue projections is all part of good small business planning. Unfortunately answering the question “how much does insurance cost for a small business?” isn’t quick, simple or easy as the answer to how much does insurance cost for a small business is based on the specific details of the small business insurance products that are purchased, the amount of small business insurance needed, what geography the small business insurance will be covering etc. etc.
In addition, there technically is no such thing as a singular product called small business insurance as each small business has different needs and preferences about the what small business insurance they would like or require. However, to help with the question “how much does insurance cost for a small business?” we’ve provided some benchmarking information on our small business insurance clients and click here to learn more about typical small business insurance products.
Benchmarking Insurance Cost For A Small Business
ALIGNED Insurance specializes in small business insurance and based on it’s large portfolio of small business insurance clients across the country we’ve provided the below real data to help you better understand how much does insurance cost for a small business.
Average insurance cost per small business insurance policy: $2,331*
Average number of small business insurance policies per client: 1.47*
Average total cost of small business insurance per client: $3,426*
*Kindly note these are average small business insurance costs and individual small business costs can be as low as $400 per year, but all small business insurance costs are determined based on the specific details of each business and by the type and amount of insurance purchased.
To find out how much does insurance cost for a small business or for insurance questions, insurance quotes call us toll free at 1-866-287-0448
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