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
Little Known Facts of Our Favorite Games
Some of the Family Games We Play Have Interesting Origins
Some Common Mistakes of Small At-Home Businesses
Is Your Small Home-Based Business Guilty?
The Right Recipe For Your Life Insurance Program
What Are the Ingredients for Your Life Insurance Program?
Car Production Facts Which You May Not Know
Ford’s invention of the assembly line made cars affordable for millions of Americans. Read some interesting car production facts you may not have known.
When Pizza and Beer Isn’t Enough
Moving used to just take a pickup truck, some friends and pizza and beer. That may just not be enough anymore.
Saints, Forts and Presidents, Why Our Cities are Named What They Are.
Many US City Names Have their Origins in Common
The Business Plan Debate
Are Traditional Business Plans Still Viable?
Facing the Inevitable
Have You Had That Uncomfortable Conversation with Yourself Yet?
You Have More Impact on Your Car Insurance Rates Than You Think
Car Insurance Rates Aren’t Chosen at Random
Upgrading Your Garage Floor
Could Your Garage Floor Benefit from a Facelift?