We offer a number of proven methods of reducing business insurance premiums without affecting coverage. We can review your insurance program to determine if there are ways to reduce costs, and we are ready to help you work through the process. Here are six premium reducing methods we can recommend for you to consider.
Merge insurance policies -- Consolidating auto, property, and liability insurance under one policy can provide “package” credits.
Automobile Program -- Make sure all your commercial vehicles are “classified” correctly. For example, having a pick-up classified as a commercial delivery truck can increase costs. Consider self-insuring physical damage coverage on certain vehicles.
Workers’ Compensation -- If you have had large losses, it could be beneficial to have a third party medical bill review completed.
Increase Deductibles -- Consider increasing your property deductible to $5,000 or even $10,000. Also, think about increasing auto deductibles on older vehicles. If your losses are low, over time you might save enough in premiums to pay for future losses.
Have us complete an audit of your entire program -- We can evaluate exposures your company has, and discover what options would be best for your individual needs. We can become a second set of eyes to uncover exposures not currently addressed.