Five Ways to Save on Business Insurance
Five Ways to Save on Business Insurance
Even in the best of times, businesses need to be prudent about how they spend their money. It is even more critical when the economy is evolving. Today, businesses are searching for ways they can operate more efficiently and trim back where necessary.
Business insurance doesn’t have to be a casualty of cutbacks. In fact, there are ways you can save on your business coverage while having little to no affect on your coverage. Here are five ways to save on your business insurance.
- Use an independent insurance agent. If the insurance agent you use is “captive” it means he can only represent the products of the insurance company he works for. On the other hand, an independent insurance agent represents you. He has access to many companies and is able to compare the policies of these different providers. This can be particularly beneficial when building a custom business insurance plan. If you are looking to save on your business insurance, the place to start is with an independent insurance agent.
- Get an insurance review. A business insurance review verifies your coverage and serves as a reminder of where you are and aren’t covered. Some companies have had their business insurance in place for years without taking a step back to see if it still serves its intended purpose. An insurance review allows you to reset your coverage to appropriate levels for today’s business needs.
- Pay through auto-pay. Many insurance companies provide an automatic discount when premiums are paid annually, semi-annually or through an auto payment plan. These are discounts you can take advantage of without affecting your business insurance coverage at all!
- Ask about discounts you may qualify for. Are you conducting more of your business virtually? Are more of your employees working from home? Has the number of your employees changed? These are just some of the factors that could lead to a discount in your business insurance.
- Make your workplace safer. One of the best ways to save on business insurance, especially liability and workers’ compensation, is to focus on creating a safer working environment. Installing fire alarms, video security systems and alarms and enhancing security are ways to earn discounts.
Get Started Today
Start by contacting one of our independent insurance agents and schedule a business insurance review. Find out where coverage is sufficient and where there may be gaps. Our agents will go to work finding you the coverage you need and deserve at competitive prices. You have nothing to lose. We look forward to assisting you.
Do you have questions about your insurance? Find an insurance agent near you with our Agent Finder
Search All Blogs
Search All Blogs
Read More Blogs
The Thrill of the Grill: A Masterclass in BBQ Perfection
An ultimate guide to mastering grilling and barbecue, with tips, techniques, and delicious recipes.
The Entrepreneur’s Armor: A Guide to Protecting Your Business
A crucial guide to business insurance, covering essential policies and strategies for entrepreneurs.
The Gift of Security: A Simple Guide to Life Insurance
An easy-to-understand guide to life insurance, explaining policy types and a simple way to calculate your needs.
Hitting the Road Safely: Understanding Your Auto Insurance Policy
A simple guide to auto insurance, explaining coverage, premiums, and tips for finding the best policy.
The Homeowner’s Handbook: Protecting Your Property and Peace of Mind
A clear guide to home insurance, covering policy types, inventory tips, and how to save money.
The Art of the Perfect Pizza: From Dough to Delight
A comprehensive guide to making delicious, restaurant-quality pizza at home, from dough to toppings.
Shielding Your Enterprise: The Small Business Owner’s Guide to Insurance
A deep dive into business insurance, covering essential policies and strategies to protect your company from risk.
Your Legacy, Your Promise: A Practical Guide to Life Insurance
A clear, practical guide to life insurance, explaining term vs. permanent policies and how to calculate your needs.
The Driver’s Blueprint: Demystifying Auto Insurance Coverage
A complete guide to auto insurance, explaining all coverage types and how to get the best deal.
Beyond the Basics: Navigating the Nuances of Home Insurance
A comprehensive guide to home insurance, covering everything from standard policies to essential riders and the claims process.