As commercial insurance rates skyrocket, how can business owners keep costs down?

Over the last two decades, insurance premiums for commercial properties have steadily increased, costing business owners thousands of dollars to protect their workplaces.have steadily increased, costing business owners thousands of dollars to protect their workplaces. Unfortunately, the trend is continuing this year.How can businesses — particularly small businesses — keep their insurance costs under control this year? Here are few things to consider.

“It doesn’t cost us anything to shop policies, and by looking out for our clients’ best interests, we’ll be able to keep them for a longer period of time,” she says. “If you’re seeing an increase in premiums, you should always be pushing your broker to shop around and look for better deals.

“It’s a big deal if you’re a small-business owner and have to wait for your insurance company and it could potentially delay work or even payment,” said, head of small commercial at The Hartford. “In most cases, our system can deliver a certificate within minutes of requesting.”When you find a good carrier, consider bundling policies with them. Many carriers offer business owners’ plans that combine key coverages — liability, property, cyber — in one plan and at a discount.

İnsurance İnsurance Latest News, İnsurance İnsurance Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

California Insurance Commissioner and CEO of Farmers Insurance Find Common Ground at Global Sustainable Insurance SummitCalifornia Insurance Commissioner Ricardo Lara and CEO of Farmers Insurance, Raul Vargas, discuss the state's insurance crisis at the Global Sustainable Insurance Summit in Los Angeles. The summit brings together insurance commissioners, government officials, industry representatives, nonprofits, and academics to address the challenges faced by California residents in obtaining affordable insurance.
Source: mercnews - 🏆 88. / 68 Read more »

California insurance chief, Farmers CEO ‘look outside’ for answers to insurance crisisThe Global Sustainable Insurance Summit in L.A. gathered California Insurance Commissioner Ricardo Lara and other insurance stakeholders.
Source: CalMatters - 🏆 261. / 63 Read more »

Health Insurance 101: How to Choose Health Insurance if You Have Asthma7 questions to explore when you’re evaluating health insurance options for asthma care
Source: HealthyWomen - 🏆 29. / 68 Read more »

Millions of homeowners don't have homeowners insurance due to high costsDue to rising homeowners insurance cost, more and more homeowners are choosing to forgo getting insurance.
Source: FoxBusiness - 🏆 458. / 53 Read more »

California insurance market ‘in chaos,’ says former insurance chief. Can the new chief fix it?Insurance non-renewals in California continue even as Commissioner Ricardo Lara introduces regulations favored by the industry.
Source: CalMatters - 🏆 261. / 63 Read more »

How much is full coverage pet insurance?Wondering how much a full coverage pet insurance policy will cost you? Find out more here.
Source: CBSNews - 🏆 87. / 68 Read more »