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Why do DBA insurance minimum premiums exist?

April 18, 2024DBA exist Insurance minimum premiums

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Why do DBA insurance minimum premiums exist?

2 Answers

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Alex 1.56K Posted April 18, 2024

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The minimum premiums for DBA insurance are generally determined by the carrier to cover significant upfront and administrative costs, including without limitation contract administration, underwriting, claims handling, reinsurance, accounting, etc.