{"id":64,"date":"2022-06-16T04:00:00","date_gmt":"2022-06-16T04:00:00","guid":{"rendered":"https:\/\/www.storeyinsurance.com\/blog\/?p=64"},"modified":"2022-06-16T18:30:32","modified_gmt":"2022-06-16T18:30:32","slug":"factors-affecting-your-commercial-insurance-rates","status":"publish","type":"post","link":"https:\/\/www.storeyinsurance.com\/blog\/index.php\/2022\/06\/16\/factors-affecting-your-commercial-insurance-rates\/","title":{"rendered":"Factors Affecting Your Commercial Insurance Rates"},"content":{"rendered":"<p><span style=\"color:#000000\">Keeping your operations cost low means that your net profits will go up as a business. One of the costs that you should be mindful of is your commercial insurance rates. Storey Insurance offers this guide on&nbsp;factors that affect commercial insurance rates for businesses in Senatobia, MS and beyond.&nbsp;<\/span><\/p>\n<h2><span style=\"color:#000000\">Factors Affecting Your Commercial Insurance Rates<\/span><\/h2>\n<h3><span style=\"color:#000000\">1. Potential Risk<\/span><\/h3>\n<p><span style=\"color:#000000\">Some industries and business sectors carry a higher risk than others; for example, construction companies have a greater likelihood of a visitor suing for a site injury than an office corporation or a retail business. Therefore, if your company is in an industry with a higher potential risk, your commercial insurance rates will be higher than those in less risky sectors. <\/span><\/p>\n<h3><span style=\"color:#000000\">2. Business Locations<\/span><\/h3>\n<p><span style=\"color:#000000\">Some regions are more prone to extreme weather events like tornados, snowstorms, and floods than others. If your enterprise is based in a location that experiences extreme weather events, insurers will charge you higher commercial insurance rates and vice versa. Additionally, if your company is located in a high-crime area, your commercial insurance rates will be higher than that of a business located in a low-crime area. This is why at Storey Insurance, we always advise our clients to pick their business locations wisely. <\/span><\/p>\n<h3><span style=\"color:#000000\">3. Claim History<\/span><\/h3>\n<p><span style=\"color:#000000\">Your claims history will affect your feature insurance rates. If you have made a few claims, let&rsquo;s say one or two claims, over the last five years or so, insurers will see your business as a low-risk client, and your commercial insurance rates will be lower. However, if you have made multiple claims over the last couple of years, let&rsquo;s say once every year, insurers will view your enterprise as a high-risk client. Therefore, they will charge you higher commercial insurance rates. <\/span><\/p>\n<p><span style=\"color:#000000\">Are you a business in Senatobia MS, looking for the best on your commercial insurance? Contact Storey Insurance today, and we will provide you with an unbeatable commercial insurance deal. <\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Keeping your operations cost low means that your net profits will go up as a business. One of the costs that you should be mindful of is your commercial insurance rates. Storey Insurance offers this guide on&nbsp;factors that affect commercial insurance rates for businesses in Senatobia, MS and beyond.&nbsp; Factors Affecting Your Commercial Insurance Rates [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[6,5],"class_list":["post-64","post","type-post","status-publish","format-standard","hentry","category-insurance","tag-senatobia-ms","tag-storey-insurance"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.storeyinsurance.com\/blog\/index.php\/wp-json\/wp\/v2\/posts\/64","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.storeyinsurance.com\/blog\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.storeyinsurance.com\/blog\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.storeyinsurance.com\/blog\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.storeyinsurance.com\/blog\/index.php\/wp-json\/wp\/v2\/comments?post=64"}],"version-history":[{"count":1,"href":"https:\/\/www.storeyinsurance.com\/blog\/index.php\/wp-json\/wp\/v2\/posts\/64\/revisions"}],"predecessor-version":[{"id":65,"href":"https:\/\/www.storeyinsurance.com\/blog\/index.php\/wp-json\/wp\/v2\/posts\/64\/revisions\/65"}],"wp:attachment":[{"href":"https:\/\/www.storeyinsurance.com\/blog\/index.php\/wp-json\/wp\/v2\/media?parent=64"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.storeyinsurance.com\/blog\/index.php\/wp-json\/wp\/v2\/categories?post=64"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.storeyinsurance.com\/blog\/index.php\/wp-json\/wp\/v2\/tags?post=64"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}