Frequently Asked Questions

A deductible is the pre-determined amount for which a policy holder is responsible in the event of a loss. This is the amount you pay out-of-pocket, and insurance covers the remainder up-to the policy limits.

There are any number of factors that are used to determine the premium on an insurance policy including but not limited to - previous losses, the value of the insured item(s), as well as the risk associated with what is being insured.

Commercial Lines Insurance has experienced 25 straight quarters of premium increases, with the average annual increase being 7% (insurancejournal 3/4/24).

It is a best practice to shop your commercial insurance policy (general liability, business owners' policy, commercial auto, ect.) every two years. However, you should be speaking with your broker at least once a year. While premium is important, ensuring that your policy covers your business's risks is crucial. What good is a policy that doesn't protect what you need?

Without reviewing your policy it's impossible to say for certain, but you may be overpaying. At Standard Commercial Insurance we use a straightforward process to quote you through our network. You'll then receive the most competitive and comprehensive quote. We're providing you with the information to make the best business decision possible; after that, it's up to you. 

A risk assessment is a preliminary tool we use to understand our customer's unique situations and develop a comprehensive, proactive strategy designed to protect the customer from excessive risk exposure.