Manhattan KS Business Insurance

Manhattan KS Business Insurance 

It's tough to understand the local insurance marketplace in Manhattan KS without being a resident of the city and community.  There is a diverse base of businesses in the area and each type of industry has it's own unique set of insurance needs.  For a general overview of all our business insurance services, visit our Kansas specific business insurance page.

When evaluating a business insurance policy in Manhattan KS, you need to take into consideration the following:

  • Elevation above sea level.   One of the major concerns that businesses and insurance carriers have alike is the peril of floods.  The closer you are to sea level, the more prone you are to having a flood.  Some carriers will actually give you a better rate if you're on the higher end of being above sea level.  
  • Construction Costs.  Manhattan KS has a relatively stable construction market.  The cost of building a home is measured by construction cost per square foot.  The cost includes materials and labor.  Typically, a general contractor will be hired by a land developer.  The general contractor will sub-contract out to other contractors who put the pieces of the house together like framing, foundation, drywall, siding, flooring, roofing, electric, plumbing, heating, and more.  From dealing with local contractors and using reputable replacement cost calculators, the cost for all this work can range from $50-60 to $90-100 for higher end buildings.  The general average is $76 per square foot to build a Manhattan KS business property.  It's important to note that outside factors like natural disasters can drive up construction costs.  This is because they might limit the supply of building materials which drive up the cost.  When insuring your Manhattan KS business property, determining the cost per square foot to rebuild your property will dictate the amount of insurance you need. 
  • Weather conditions.  Manhattan is known for it's dreary winters.  Snow, hail, sleet, and gusting winds are all hazards to a business property.  Making sure your insurance policy covers these perils is vital.  Manhattan KS business insurance policies are written on specific policy forms.  The most popular are ISO forms.  These policies state that they'll cover certain perils like fire, lightning, wind, etc.  

Though there are many other factors that need to be considered when evaluating Manhattan KS business insurance, these tips above should give you a solid groundwork to get started.  We're a Manhattan KS insurance agency that has expertise in the local insurance marketplace.  Our expertise in the local area separates us from the national carriers who sell direct.  

It's important to take special consideration of local factors that could effect you negatively if you don't have the right type of business insurance.  If you have any questions about these tips please feel free to contact us and we'll make sure your Manhattan KS business insurance is the most appropriate for you!

For more information on the types of business insurance you can obtain, click here.