ARE YOU PAYING TOO MUCH FOR COMMERCIAL INSURANCE?

November 25th, 2008 by admin

Securing a solid insurance policy is essential for protecting your business and peace of mind, but that doesn’t mean you have to stick with a company that charges you an inflated bill every month. In today’s soft market, insurance quotes are very completive. It takes a little research to find ways to lower your insurance costs, but the reward can be well worth the effort. Here are four tips that may save you some money.

  1. Go with an Atlanta Insurance agent
    Not only can Insurance Agents save you time and money, they often provide industry-specific coverages that you need to protect your particular business–often at very competitive rates. Insurance agencies can recommend ways that you can prevent losses and usually know the best ways to invest your insurance dollars where they will do your business the most good.
  2. Evaluate rates & compare coverage
    Depending on your zip code, your unique risks, the coverage and deductibles you choose, as well as the insurance company you go with, insurance rates can vary by hundreds of dollars. It is in your best interest to do some research and understand the value of your policy as a whole. Careful not to choose your insurance based only on the cheapest rate. Keep in mind that claims performance is also very important. How claims are handled in the event of a loss separates an average insurance company from a great one.
  3. Finance Your Coverage
    Especially if you have a seasonal business you may benefit from an insurance company that offers financing on qualified premiums. This way, you can spread your premium payments over the course of the year to suit your cash flow.
  4. Minimize Your Risks and Request Credits
    Practicing safety is the best way to prevent loss. Make sure that your property and employees adhere to the proper safety procedures pursuant to your industry. You may also get discounts from insurance companies for installing dead bolts, burglar alarms, smoke detectors, fire doors, fire extinguishers and sprinkler systems.



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