How to Keep Your Small Business’ Insurance Costs Manageable

For many small business owners, the cost of doing business can become overwhelming when you view the big picture.  Not only do you have costs for materials and supplies, labor and employment taxes, and overhead for maintaining an office space or warehouse, but you also have a variety of small business insurance costs that must be maintained in order to remain operational.

Business Insurance

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You can take steps to keep your small business insurance costs manageable with a few helpful tips:

  1. Obtain all your coverage through one carrier or agency.  When you have several different policies through several different agencies, you are not getting the best rates possible for your business.  Not only does bundling your coverage with one agency give you better rates, but you can also get discounts for bundled policies if they are offered by the agency or carrier.
  2. Reconsider your deductibles and raise them to lower your rates.  Lower deductibles mean less money out of your pocket when claims arise, but it also means higher rates on a monthly or annual basis.
  3. Sit down with your insurance agent on a periodic basis, at least once a year, to review your coverage and evaluate whether particular policies or options are still needed for your business.  Business owners often pay more because they are still paying for coverage they no longer need.
  4. Work with an independent agency to have a variety of major insurance carriers and their policies being offered through one point of contact.

Our expert agents here at Schumacher Insurance Group can work with you to get the best coverage for your small business, at the best possible rates.  Contact us today to find out more about how we can work with you to help with your small business insurance needs.

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About Schumacher Insurance Agency

Why trust us? What do we do different than every other insurance agency? Consider this an invitation to get to know us. We believe we are an exceptional team of protection specialists that work hard to do things the right way, to educate our clients on insurance, and make the experience effortless. We are excited to introduce a new insurance experience for our customers. We encourage you to speak with our team who can show you how different we are… from text messaging services for late payments to educational insurance concepts on Facebook. We will prove our innovative approaches to obtain the proper coverage’s for you, your family, your business. Insurance is likely not the most interesting affair for everyone, but it is most certainly ours! Yes, we are insurance geeks!

Posted on May 12, 2015, in Agency, Uncategorized and tagged , , , . Bookmark the permalink. Leave a comment.

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