Protect Your Business While Saving Money
For most businesses, every dollar has to be accounted for. Business owners don’t want to spend unnecessarily high costs on overhead that eats into their profits every month. While your business has to be insured, the right policies don’t have to break the bank. Are you interested in learning how to save money on your business insurance in Renton, WA? Read on.
Sure, it’s easy enough to go online and select the first commercial insurance policy you see online – but is it really right for your needs? Keep in mind that the cheapest policy isn’t necessarily the best. Start by collecting quotes from three reputable, local insurance agents. Don’t just look at the total premium, either – Look their ratings, the deductible, the policy limits, and any exclusions.
Bundling policies is a great way to save and make managing your insurance coverages a snap. Many carriers offer a price break when you take out multiple policies, so be sure to enquire with your agent. A business owner’s policy (BOP) is the most common discounted insurance bundle for small businesses. It combines general liability and commercial property insurance in one easy and affordable plan.
A great way to save money on insurance is to maintain a safe working environment and reduce hazards. Many insurers will offer a discount on property insurance for businesses that invest in a central burglar alarm. Also consider adding security cameras, secure locks, handrails on stairs, and lighting to dark areas to prevent accidents and damage.
The right commercial insurance policy doesn’t have to cost the earth. For a policy to suit your business and property at the right price, contact the team at Humble & Davenport Insurance today.