10 Ways To Save On Business Insurance

budget for the insurance costs.  In some cases (such as for Limousine, taxi, or trucking services), the insurance costs are a major expense in operating certain types of ventures.

2)      Have the Right amount of Liability protection:  For small businesses, even a one man operation, always consider having a minimum liability limit of ,000,000/,000,000.  The 1 million is per incident, and the 2 million is the “aggregate” total limit per year; anything less than this coverage amount, can put your business in serious financial risk in the event of a major lawsuit.

3)      Group Rates:  Some professional organizations offer group rates.  So always check first to see if this is available for your type of business or profession.

4)      Increase your deductible:  The higher the deductible, the lower the cost of your insurance.  So get a quote for different deductibles to help determine which works best for your budget.

5)      Lower your liability Risk:  Among many things to look out for; wet floor surfaces, cracked or crumbling steps, cracked windows, parking lot with uneven, cracked or broken areas, lose handrails, exposed electrical outlets, and related exposures.  Many of these somewhat minor details could result in a sizable lawsuit if they lead to a serious