If you’re opening up a new business near Amarillo, TX, Nest Insurance Agency is here to help make sure you are covered with a commercial insurance policy. Opening a new business takes a lot of hard work and determination, so we’re here to help you during the process. Below are just a few of the factors that will affect how much you’ll pay for commercial insurance premiums.  

Business location 

Where your business is located affects how much you’ll pay. Areas known for high crime rates may pay higher premiums, as well as rural areas that may be harder to access by fire crews in an emergency. Whether the business is in its own stand-alone building or located within another structure, like a shopping mall, determines how much you’ll pay. 

Amount of coverage 

This is the most significant factor in determining how much you’ll pay. Commercial insurance comes in a variety of forms, depending on your business’ needs. Basic commercial insurance covers property damage caused by natural influences like lightning, hail, and wind. It also covers damage caused by vandalism or civil unrest (riots). Broad policies cover everything basic policies cover, plus damage from falling objects, structural collapses, or damage caused by faulty equipment. Special form insurance protects all kinds of losses and is the most comprehensive kind of commercial insurance. 

Type of business

The type of business you’re insuring will also affect your premium. Is it a brick-and-mortar business? What activities will your customers engage in? Will employees use their own vehicles as part of operating the business? You’ll want different coverages based on these factors, and this will affect how much you’ll pay in premiums. 

Are you looking for commercial insurance for your business near Amarillo, TX? Nest Insurance Agency can help! Visit our website or call our office to see what kind of coverage we can acquire for your business.