![]() Industry - If you own a white collar business like an accountant, your premiums can be lower than a roofing company, where the potential risks for bodily injury and property damage are higher.So if your small business earns less than $30,000 annually, your premiums may be lower than a larger corporation that earns more than $2,000,000. Gross Sales - The more revenue you have, the higher your premium can be.Experience - A business with more experience can often get lower premiums that newer businesses with less experience.Employees - The more people working for your company typically translates into higher insurance costs.If you raise your deductibles (out-of-pocket costs), your premium will usually decrease. Deductibles - Like medical insurance, lower deductibles for small business insurance mean higher premiums.If you have claims on your policy, your premium will typically increase. Claims History - Similar to auto insurance, more claims can mean higher costs.What Does Workers Compensation Insurance Cover?įollowing is a list of the main factors that determine the costs of small business insurance:.What Does Professional Liability Insurance Cover?.What Does Equipment Breakdown Insurance Cover?.What Does Employment Practices Liability Insurance Cover?.What Does Directors And Officers Liability Insurance Cover?.What Does Cyber Liability Insurance Cover?.What Does Commercial Umbrella Insurance Cover?.What Does Commercial Property Insurance Cover?.What Does Commercial General Liability Insurance Cover?.What Does Commercial Crime Insurance Cover?.What Does A Business Owners Policy Cover?.What Does Business Auto Insurance Cover?.What Is The National Association of Insurance Commissioners?.How Much Does Small Business Insurance Cost?.What Are The Commercial Insurance Requirements For Small Businesses?.Small Business Insurance General Information: You can skip to the following types of small business commercial insurance using these links: Learn about small business insurance requirements, costs and coverages including: Commercial General Liability, Commercial Property Insurance, Workers Compensation, Business Owner's Policy (BOP), Errors & Omissions (professional liability), Commercial Auto Insurance and more.īelow are some answers to commonly asked small business commercial insurance questions: Carrying adequate small business insurance to protect your business shouldn't be a question - it's a must if you want to make sure that you don't get put in a position where you have to lose your business or pay money out of pocket to cover expenses associated with a loss. Having high enough limits in your commercial liability coverage should be a cornerstone of any business plan. Commercial insurance helps protect your business and potentially your personal assets from lawsuits and settlements that can reach into the millions. If you own a small business, this article will help you understand some the of most common policies available. We ensure a quality of work that exceeds our customer’s expectations as we continue to deliver our commitment of excellence.Small Business Insurance. Monark Equipment is the sole authorized dealer of CATERPILLAR, the world’s leading manufacturer of construction, industrial & mining equipment, diesel & natural gas engines. Site Preparation (Corinthians, Philippine Shipyard, Chico Irrigation Canal, Kalayaan Pump Storage, Aurora Transbasin, Jamjoon-Hydro).Power Plants (Bataan Nuclear, Makban Geothermal, Masiway).Dams (Pantabangan, Magat, Wandaslintang).Building Excavations (Metrobank, Sharaton, Makati Medical Center, Makati Stock Exchange, San Miguel, DBP, PLDT)Īnd as a joint venture partner and lead group in Hydro Resources in the ‘70s until 1985, MII played a vital role in the successful completion of:.Mines (Pan-Asia, Marinduque/Nonoc, Nickel, Acojo).Cement Plants (Island, Continental, Northern, Floro, Hi-Cement). ![]() MII became instrumental in many progressive changes in our country since the 1960’s. (MII) moved into equipment rentals and the earth-moving contracting field areas where it developed unmatched capability and track record. (MII) which catered to the forest industry. Onofre Banson, bought Caterpillar Machines and formed Monark International Inc. It was in 1962, when a pioneering man, the late Mr.
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