Commercial Insurance
In Indiana
Indiana is one of the best states to set up a business. The state had a per capita income of $44,165 and a gross state product of $359 billion in 2017. Some of the state’s top business and investment opportunities include retail like shoe shops and furniture stores, vehicle services like car dealerships and auto repair, and pet services. If you plan to launch a business in the state or already have one, you might have heard you need commercial insurance.
Commercial Insurance Requirements in Indiana
Commercial insurance requirements in Indiana are somewhat complicated. Some commercial insurance coverages are required by state law, and others aren’t. According to state law, enterprises with one or more staff must have worker’s compensation insurance. Additionally, businesses that use vehicles must have commercial auto insurance. On the flip side, general liability insurance and any other commercial insurance coverages aren’t mandated by state law. Whether commercial insurance coverage is required by state law or not, we at Trestle Insurance Agency Inc. in Evansville, IN recommend a more inclusive commercial insurance policy to protect your enterprise and yourself.
How Much Does Commercial Insurance Cost in Indiana?
How much you pay for commercial insurance will depend on several factors. These include:
- The number of staff you have
- Whether or not you are in a high-risk sector
- Where in the state is your business located
- The duration the business has been running
- Your gross sales and annual revenue
- The favorability of your claims history
- The deductibles and policy limits you opt for
- The insurance provider you pick
Need Commercial Insurance in Indiana?
Trestle Insurance Agency Inc. in Evansville, IN is one of the state’s most accomplished commercial insurance providers. Our experienced insurance professionals help you craft a custom commercial insurance policy that offers your enterprise and you optimal protection. Contact us today for more insights on commercial insurance.
