So you just started a business and need to select a commercial insurance plan.

But how do you know what kind of commercial insurance to pick?

If you are in Atlanta, GA we here at Stellar Insurance can help you find the right fit.

There are a few things you should consider before purchasing commercial insurance. Take time to think about the size of your business, the number of employees and risks associated with your industry.

While there are several aspects involved with selecting a commercial insurance policy, these are the top three things to keep in mind.

What impacts your commercial insurance rates?

Knowing what may affect your insurance rates will help you shop more wisely. This may be how big your company is, your business’s location and more. Most of these factors will be outside of your control. However, there are a few things you have a say in. For example, ensure that you have continuous coverage since lapses usually increase your rates. You should also take time to invest in a safe working environment for your employees, as this will lessen the chance of an injury on the job. Lastly, take time to vet your employees and hire people that have a good work history.

How much is your deductible?

Check to see how much your deductible will be for your insurance policy. The deductible is how much money you’ll pay before your insurance company takes over and starts to cover losses. If you have a high deductible, you’ll have a lower monthly premium. While this may seem like a good way to save money, it could hurt you in the end. Take time to calculate a realistic deductible that you can pay while still meeting your monthly budget.

What kind of reputation does the insurance company have?

Some lesser-known insurance companies may tout lower rates, but it may not be worth it, especially if they don’t have good customer service ratings. Insurance companies with a long-standing history of great coverage and excellent client support are worth the extra money. And while opting for a tried-and-true insurance company is always a good idea, it’s also important to check reviews from current and past policyholders. These reviews will give you some insight into how the company manages claims and what industries they support. Take time to investigate several different insurance companies to learn more about their history and reputation.

Shopping for commercial insurance can be overwhelming at times, and there are plenty of variables you may not realize on your own. Working with a professional insurance agent will help you find the right policy for your needs and give you a point of contact to ask questions when they arise.

Here at Stellar Insurance, we pride ourselves on providing our clients with effective, comprehensive policies that meet their needs and budget.

Curious what kind of commercial policy your business needs? Contact us today to learn about your options! We look forward to working with you.