Try out these suggestions to cut your commercial coverage costs.

As a business owner, securing the right insurance to protect your company is a priority.  However, with all the money-saving opportunities out there, securing the right coverage doesn’t need to break the bank.  Here are some of the things that you should do to save money on your business insurance.

  • Improve Workplace Security

Business owners can unlock special discounts for upgrading the security of their workplace.  For instance, you can lower your rates by installing a security system, fire sprinkler system, worker safety programs, driving safety programs, and so on.

  • Raise Your Deductibles

Your business’s insurance premiums and deductibles have an inverse relationship.  This means that raising your deductibles will result in lower premiums.  However, it’s important that you do not set your deductibles too high as this could prevent you from securing coverage when you need it the most.

  • Regularly Review and Update Your Policies

As a business owner, you have a lot on your plate.  This is why it may be tempting to simply renew your business insurance policies without taking the time to review them.  However, renewing without reviewing could mean that you are paying more for your coverage than you have to.  To ensure that you aren’t simply throwing your money away, it’s important that you carefully review your coverages during your renewal period.  Oftentimes, you will find that your insurance needs have changed.  By updating your coverage accordingly, you can avoid dangerous coverage gaps and sometimes lower your rates.

Try out these suggestions to save money on your business insurance.  Do you have additional questions regarding your commercial coverage?  If so, then contact the experts at the Scavone Insurance Agency Center LLC in White Plains, New York today.

COVID-19 Update:

Due to the ongoing COVID-19 outbreak, our office is working with limited staff. We are requesting people to come in ONLY IF NECESSARY! We have all the resources to continue servicing your Insurance needs. Should you need to contact us, please call the office first!! 914-428-7111. You can also reach us by email [email protected], or fax 914-428-7764.
You are more than just our Policyholders; you are our friends and “Insurance family”! We hope you stay safe and we will get through this together!! COVID-19 Info