Andrew Troi
I have had an incredible experience with Harrison Insurance and Jennifer in particular. She is true professional and handles all questions and concerns in a timely and kind manner. I’m so glad I switched my auto and renters policy to Erie and Harrison insurance.
Andrew Troi
Kayla Courtois
Fantastic customer service! Very knowledgeable, patient, and friendly. We were a new business starting up with absolutely NO clue what to do. Fred made the process very simple and got us the coverage we needed in a field that is hard to get coverage in!
Kayla Courtois
Thomas Sweeney
Used Fred for my executor bond, he worked with me over the phone as I was out of town to fill out the paperwork. The prices were much cheaper than anywhere else I found.
Thomas Sweeney
bryan acheson
Fred and team at Harrison Insurance are awesome. I requested a review of my insurance coverage for my business and found that I was grossly under covered. Fred explained where I was needing additional coverage and why it was important. Needless to say, I'm now a client. Fred truly cares for his clients. I think my premiums basically stayed the same, for additional coverage I might add, but I would have been willing to pay more just for the service and knowing I was being taken care of. I highly recommend Fred for your business.
bryan acheson
Kayla Furrow
Harrison Insurance is a great company to work with! I worked with Fred and the personal touch he adds makes you feel like you’re truly being taken care of, like you’re a part of the family. Fred never settles for the bare minimum, and if he sees something lacking in your insurance policy, he will tell you what he can do to fix it and what kind of options you have to make sure you’re covered in every area possible. Harrison Insurance is a small town agency, but their impact is huge. If you’ve got any kind of insurance, it is always worth giving Harrison a call and seeing where you can improve your coverage while lowering your rates. You definitely won’t regret touching base with them!
Kayla Furrow
Wes Tatum
Highly recommend this company. Fred Zehrer was my agent and he provided top notch service. The process was simple and Fred saved me over $600 a year on my business vehicle insurance. I can't say enough good things about Fred and Harrison Insurance. If you want peace of mind and fair prices, this is where you need to be.
Wes Tatum

Understanding the Costs of Business Insurance

Business insurance services

Understanding the Costs of Business Insurance

Business insurance is a crucial component of any successful enterprise, offering protection against unforeseen risks and providing peace of mind for business owners. However, understanding the intricacies of business insurance can be a complex endeavor. In this comprehensive guide, we will explore various types of business insurance and delve into the possible costs associated with each. Keep in mind that the actual cost of insurance can vary significantly depending on the size, location, industry, and specific circumstances of the business. Our goal is to provide you with an educational overview that will help you make informed decisions about your business insurance needs.

Builders Risk Insurance

Builders risk insurance, also known as course of construction insurance, is designed to protect property under construction or renovation. This type of insurance covers damage caused by events such as fire, vandalism, theft, and certain weather-related incidents.

Possible Costs: The cost of builders risk insurance depends on factors like the construction value, location, and the duration of the project. Typically, it is estimated as a percentage of the total construction cost. For example, you might pay 1% to 4% of the construction cost for this coverage.

Commercial Auto Insurance

Commercial auto insurance provides coverage for vehicles used in your business operations. It is essential for protecting your company’s vehicles, employees, and assets in case of accidents, theft, or damage.

Possible Costs: Commercial auto insurance costs vary widely based on factors like the type of vehicles, their usage, the number of vehicles insured, and the driving history of your employees. On average, businesses may pay anywhere from a few hundred to several thousand dollars per vehicle annually.

Cyber Liability Insurance

In today’s digital age, cyber liability insurance is crucial for safeguarding your business against data breaches, cyberattacks, and other digital threats. It covers the costs associated with data recovery, legal fees, and public relations efforts to manage the aftermath of a breach.

Possible Costs: The cost of cyber liability insurance depends on factors like the size of your business, the industry you’re in, the amount of data you handle, and your cybersecurity measures. Premiums can range from a few thousand dollars to several tens of thousands of dollars annually.

Farm Insurance

Farm insurance is tailored for agricultural businesses and provides coverage for farm structures, equipment, livestock, and liability protection. It helps protect against risks like natural disasters, accidents, and crop losses.

Possible Costs: The cost of farm insurance varies widely based on the size of the farm, the types of crops or livestock, and the specific coverage needed. Premiums can range from a few hundred to several thousand dollars annually.

Garage/Car Dealer Insurance

Garage or car dealer insurance is essential for businesses that sell, service, or store vehicles. This coverage protects against liability claims, property damage, and theft related to the vehicles on your premises.

Possible Costs: The cost of garage/car dealer insurance depends on factors such as the number of vehicles in your inventory, the size of your dealership, and your location. Premiums can range from a few thousand to tens of thousands of dollars annually.

Professional Liability Insurance

Professional liability insurance, also known as errors and omissions insurance, is crucial for service-based businesses and professionals. It provides protection against claims of negligence or errors in your professional services.

Possible Costs: The cost of professional liability insurance varies based on your industry, the scope of your services, your claims history, and the coverage limits. Premiums can range from a few hundred to several thousand dollars annually.

Property/Liability Insurance

Property and liability insurance, often bundled together in a Business Owner’s Policy (BOP), is a foundational insurance package for many businesses. It covers property damage, theft, and liability claims, such as slip-and-fall accidents on your premises.

Possible Costs: The cost of property/liability insurance depends on factors like the size of your business, the location, the property value, and the coverage limits. Premiums can range from a few hundred to a few thousand dollars annually.

Workers Compensation Insurance

Workers compensation insurance is a legal requirement in most states and provides benefits to employees who suffer work-related injuries or illnesses. It covers medical expenses, lost wages, and rehabilitation costs.

Possible Costs: The cost of workers compensation insurance is based on your payroll, the nature of your business, and your claims history. Premiums are typically calculated as a percentage of your payroll expenses and can vary significantly.

In conclusion, business insurance is a vital investment for safeguarding your company’s future. While we’ve discussed various types of business insurance and possible cost factors associated with each, it’s important to remember that these costs are highly variable and dependent on your unique circumstances. To determine the precise cost of insurance for your business, we are here to help! Give us a call at (804) 520.1040 to get started. By securing the right coverage, you can protect your business and its assets, allowing it to thrive even in the face of unforeseen challenges.