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Ways To Save Money On Business Insurance

by host on Tuesday, October 20, 2015 9:31 AM
Every business owner looks for ways to cut down on expenses and increase profit margins. One of the ways to achieve this is to reduce the costs of the business insurance. Though having a comprehensive business insurance plan is a necessity, there are a lot of ways that can help you lower the premiums while getting sufficient coverage. Some of these have been discussed below:

Get quotes from different insurance providers: It is important that you shop around and get quotes from different insurance companies. Finalize the one that offers low premium rates with maximum coverage. Browse through the Internet and gather information about the companies that specialize in business insurance policies. Compare the prices and services provided by them. 

Buy combined coverage policies: There are many business owner policies that merge different types of coverage. For instance, you can get protection for your property, business interruption and several professional liabilities under a single policy. This comes at a lower price as compared to what you may have to pay in case you buy these coverages separately. So, you must ask your insurance provider regarding combined insurance coverages.
Get multiple insurance coverages: You can also opt for insurance cover in other categories from the same insurance company. Ask your agent if they offer any discount if you purchased an auto or home insurance along. This will contribute towards your savings and benefit your business in the longer run.
Select a higher deductible: Deductible is the amount of money you need to pay before your insurance policy commences. If you have a higher deductible, you will have to pay less money as premium. Since the deductible needs to be paid before you receive any claim, make sure you have enough money set aside for this purpose. 
Ask for recommendations to reduce losses: You should consult your insurance agent for suggestions on reducing the premium for certain coverages. These could include areas such as safety at the workplace as well as disaster preparation.
Inquire about claims-free discount: If your business has not filed for any claim for a long period of time, you can be eligible for a claims-free discount. So, you should avoid filing for small claims to benefit later on in the future.

We, at Smith-Reagan Insurance Agency, provide a wide range of business policies and coverage options for our clients. For more information, you can call us at (956) 399 - 1353 or visit our office at 148 N. Sam Houston Blvd, San Benito, TX 78586.


The auto insurance policies provided at Smith-Reagan Insurance Agency are specifically tailored for each client in San Benito and McAllen, TX

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