Why does business insurance cost so much?

If you own a business then you have paid business insurance. You can't open the doors without it. Many ask however why is it so expensive? You may be surprised to know it is not the 'greedy insurance companies". Business Insurance is expensive because there are claims, lots of them. Most insurance companies pay out 80% of every dollar they bring in. This doesn't give much of a margin for profit by the time you add in expenses. Here in Delaware, the business insurance rates may be slightly higher than average because we are a small state and there just isn't as many businesses for insurance companies to insure. Looking to keep costs down, business owners should look to specialists that insure businesses. Thats where we come in, so don't hesitate to call. Until next time be careful out there and know your risks.
G. Kevin Nemith, Agent, Broker,  CNC Insurance Associates in Dover Delaware is a specialist in business insurance and small bsuiness insurance, that can help keep Delaware business insurance costs down for business owners. Get quotes at www.cncinsurance.com or learn more at www.bizinsurancetv.org

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