If you own or manage a business, you are well aware of the expense business insurance can be. We’re going to discuss 11 tips that will help you lower business insurance premiums.
The security business insurance provides is a necessity to taking on the risk which allows your business to grow. Lower business insurance premiums means more cash flow to spend on growth activities and ultimately more revenue in your pocket.
Reducing your business insurance expense doesn’t have to be a major undertaking. Take a few minutes to watch this video explaining each of the 11 tips to lower your business insurance premiums. As you’ll see, most of these tips are minor changes that can have a dramatically positive impact on your bottom line.
Lower Business Insurance Premiums
Here is an outline of the 11 tips we recommend in the video above:
- Be Forthcoming with Information
- Keep Track of Autos and Scheduled Business Equipment
- Keep Track of Employees
- Look for Irrelevant or Duplicate Coverage
- Create a Workplace Safety Plan
- Properly Classify Your Employees
- Ask Your Insurance Agent to Negotiate Your Premiums
- Become Active in Trade Associations
- Adopt Healthy Living in Workplace
- Train Your Employees
- Work with an Independent Insurance Agent
Each one of these tips may not have a significant impact individually on savings, but put them together and the 11 tips to lower business insurance premiums could change the course of your business.
At The Murray Group, we’re not just an insurance provider. We’re a partner to our clients. We care about the success, health and happiness of our clients and community.
Creating educational videos such as this one is a big part of that commitment. Our hope is that you will reach out and call us at (518) 456-6688 if you have questions, concerns or simply would like to discuss receiving a business insurance proposal from our agency.
If you would rather start our discussion by email, use the form on the top right of this page or click here.
Thank you and Good luck,
Ryan Hanley, CIC