Think Twice Before Cutting Back on Business Insurance
Think Twice Before Cutting Back on Business Insurance
We have recently heard the phrases “uncertain times”, “the new-normal”, and “we are in this together.”, quite frequently. The reality is, the economy is in flux and businesses need to be proactive in taking steps to ensure their futures. For some, this may mean lay-offs and furloughs. For others it may mean getting more tasks done from home. For others it will mean cutting back on hours and keeping a closer eye on business expenses.
One has to be cautious, however, in making cutbacks designed to protect your future. In advertising, for example, if a business would totally cut back on their marketing budgets, going out of business may be a self-fulfilling prophecy. Instead, a better option may be negotiating with your media of choice in getting more bang for your advertising dollars. They too, are looking for solutions in maintaining market share.
Businesses also need to consider very carefully before cutting back on business insurance. Eliminating or reducing coverage may place your company in jeopardy. This could potentially turn what is a relatively short-term problem into a situation with permanent ramifications. Instead, contact your independent insurance agent to discuss options. You may be able to increase deductibles or make other adjustments. Our independent insurance agents can even re-quote your coverage, using multiple companies to find the coverage you need at a price you can afford. To simply drop coverage without looking at other options could have dire consequences. Instead, reach out and let’s discuss your situation.
Challenging times can create the need for innovative solutions and decisive decision making. But those decisions don’t necessarily have to be radical or risky. If your business has been negatively impacted by the events of the day, let us do what we do best. Let us help find you loss prevention solutions that you can still maintain and afford. Contact us today for a no cost, no-obligation quote. We promise to work diligently in getting you the protection you deserve to continue to protect your business at the highest possible level.
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
Interesting Origins of Rock N Roll Band Names
You May Know Some and Others May Have Been a Mystery
Expert Guidance and Your Small Business
Some Free Expert Guidance May Just Be a Phone Call Away
Pre-Planning Doesn’t Require Pre-Paying
You Don’t Have to Wait Until You Are Financially Ready to Pre-Plan Final Services
Fear of Fire: How Flames Have Caused Destruction Across America
Early Fires in America Were Often Devastating
America’s Castles
Amazing Mansions and Estates from Around the Country
Seven “Must Do’s” When Visiting Florida
There is Much More to Florida Than Roller Coasters and Beaches
How to Handle Negative Online Feedback
Your Online Reputation is Valuable and Worth Managing
How to Encourage Kids to Have Healthier Eating Habits
They May Not Eat Perfectly But They Certainly Can Eat Better
How Are Your Driving Skills?
Is It Just All the Other Drivers Who Are Unsafe?
Making Your House More Toddler Safe
The Joys of Playing Hockey Goalie with Your Two-Year Old