Blog

Oct
24
3 Tips for Saving on Business Insurance

Business insurance is practically a necessity at this point for business owners, as that coverage can protect their livelihood in the case of any potential accidents or hazards. But business insurance doesn’t always come cheap, and it can be intimidating to business owners new and old.

Luckily there are ways to save on business insurance. Here are a few of them:

  1. Policy bundle: You’re probably aware of this option for your personal insurance, particularly if you bundle your auto, home and life insurance. It works for business insurance too! You will typically save on your business insurance if you get all of it from one provider. Not only will that save you money, but it will make it easier to manage your different policies, instead of bouncing around to different accounts and providers. Insurance providers don’t want you getting insurance from their competitors, so they’ll typically try to save you some money if you stick with them
  2. Higher deductible: It might be tough to swallow at first, but a higher deductible means your monthly rates will decrease. Those monthly payments happen more frequently than paying a deductible so in the long run, this gives you more savings.
  3. Security discount: A basic concept of saving on any type of insurance is that you pay less money for lower risks. This applies to businesses as well; if you put work into securing your business by installing safety measures and anti-theft measures, you’ll be less risky to insure. Thus, you’ll pay a cheaper rate.

Business insurance doesn’t have to break the bank. Talk to your independent agent to learn more about these and other ways to save.

We’ll help you find the best combination of policy and price. Call Huntington Pacific Insurance Agency at (714) 841-6283 for more information on Huntington Beach business insurance.