Business hazard insurance costs a median of $63 per month, according to Insureon, a small-business insurance marketplace. That’s for a policy with a $60,000 limit and a median deductible of $1,000. Business hazard insurance is a term that is sometimes used interchangeably with business property insurance. It covers the cost of repairing or replacing property…

Rosalie Murphy writes for NerdWallet. Email: rmurphy@nerdwallet.com.

The article How Much Does Business Hazard Insurance Cost? originally appeared on NerdWallet.

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