Insurance companies decide which businesses are eligible for commercial liability insurance. They also decide how much you are eligible to get coverage for. Insurance companies have their own classifications which they depend on while considering businesses to cover. Any new business that applies for commercial liability insurance coverage under falls into one of the insurance company's classifications or categories.
The premiums for commercial liability insurance depends on the insurance company and their classification criteria. Based on the rating assigned to your business by your insurance company, you might have to pay a higher premium with a new insurer even if you have a great track record.
External Resources:
Commercial Liability Insurance Policies
Insurance Companies - Commercial Liability Insurance
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