Average insurance rates for a retail store?
What would be the average insurance rate for a retail store that sells books? How much more would it be with a children's unit? If a child was injured in the play clause how much would the rates spike up? I need this for an economics class where we are abstractly building a buisness and running it. Any help is appreciated.
Answers:
Rates include the cost of replacing all the business property (books). A business policy includes business property and liability ( contained by case anyone get hurt).
Actually the liability element of the policy is very cheap. It is the business property that cost a lot. So, if you hold just a small amount of books the policy would not cost that much, maybe $500 minmum. If you hold 3 stories of books then the policy will cost you a lot more. The business property covers contained by case there is a fire or pinching.
Hope that helps a little. Call some local agents for some quotes.
Related Questions:
Answers:
Rates include the cost of replacing all the business property (books). A business policy includes business property and liability ( contained by case anyone get hurt).
Actually the liability element of the policy is very cheap. It is the business property that cost a lot. So, if you hold just a small amount of books the policy would not cost that much, maybe $500 minmum. If you hold 3 stories of books then the policy will cost you a lot more. The business property covers contained by case there is a fire or pinching.
Hope that helps a little. Call some local agents for some quotes.
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