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.

  1. 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.
  2. 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.
  3. 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!
  4. 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.
  5. 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

Buzz Your
Insurance Agent

Search for a local agent with our agent finder map.

Agent Finder

Search All Blogs

Search
Generic filters
Exact matches only
Search in title
Search in content
Search in excerpt

Buzz Your
Insurance Agent

Search for a local agent with our agent finder map.

Agent Finder

Want to learn more about our blog writer?

Read more about KayLynn's background.

Click Here

Search All Blogs

Search
Generic filters
Exact matches only
Search in title
Search in content
Search in excerpt

Notable Car Racing Themed Movies

Charlie Chaplin to Elvis to Lightning McQueen Have All Starred in the Genre

Seven Dishes College Students Must Know How to Make

It May Not Be Fine Dining But It’s a Start

How Some Companies Built Brand Loyalty

From Toys to Trading Cards, Companies Have Tried it All to Build Loyalty

Surprising Product Origins

Success May Just Be a Mistake or Coincidence Away

Mathematics, Statistics, Odds and Life Insurance

The Odds of Certain Events Happening in Your Life

Wow! I Wonder What THAT Costs?

Check Out the Prices of These New Vehicles

Most Common At-Home Accidents

The Ways You Are Most Likely to Be Injured Around the Home

South America 101-: Interesting and Little Known Facts

Discover ore About This Large and Diverse Part of the World

Incredibly Successful Businesses Started by Women

Here Are Some $1 Billion Plus Companies Started by Women

The ABC’s of Policy Loans

Learn More About This Potentially Valuable Feature of Your Life Insurance Policy