Buying commercial insurance is a complex process, and represents a significant expense for your business. Partnering with a trusted advisor can help simplify the process and add cost-saving tips into your company’s risk management strategy.
Follow these four tips to lower your business insurance costs:
- Don’t shop around every year. If you constantly shop around, they will know and may not offer you a competitive quote, or even a quote at all. The best strategy is to work with a broker you trust, and have them strategically shop the market for you every 2-3 years.
- Opt for an industry-specific program for greater savings. Insurance programs designed for specific industries offer big benefits. They understand the operations and unique risks to your business. They can help you avoid unnecessary coverage, and provide the tiny print coverage your business needs.
- Look for package discounts. Ask your broker about how you can package multiple lines of insurance together to earn package discounts. This is often overlooked, and an easy way to lower costs.
- Partner with a team that offers more. Risk-management experts provide professional, customized advice, and not just a quote. Partner with an advisor that has broad access to various markets to help you design a customized risk management strategy for continued cost savings.
Insurance Options Designed for You
GreenGuardian offers customized insurance options at a competitive price, all through a single source that is easy for you to access and utilize. Discover other business insurance tips at mygreenguardian.com.
Have questions? Contact our Ewing EARN/GreenGuardian Service Team at 602.635.4840 or ServiceTeam@aimsinsurance.com.
