3 Ways You Can Save on Business Insurance

Policy bundle: Buying your business insurance policies piecemeal from various insurance providers is not helpful to your business’ bank account. In fact, by bundling your entire business portfolio with a single insurance provider, you can save up to 15 percent across the board. Why? Insurance providers want more of your business, which they reward with a discount. It’s that simple!  

 Higher deductible: Even though the thought of paying a higher deductible may make you cringe, think about it this way: a higher deductible means a lower monthly premium. And you pay your monthly premium much more often than a deductible anyway. So why not save now? It can help fund that higher deductible if a future event necessitates filing a claim.

 Security discount: Your business’ insurance premiums are calculated based on risk. The higher your risk, the higher you’ll pay. So what can you do? Reduce your risk by increasing your business’ security. Install smoke detectors, fire sprinklers, a security alarm, motion sensor lighting, security cameras etc. Many insurance providers offer safety discounts (among others) because it helps protect their investment in your business.