Call Us 814-866-8671 ☰ ˟
Logo
Call Us 814-866-8671
  • Home
  • Our Agency
    • AboutImage of right arrow
      • Our Staff
      • Our Locations
    • Careers
    • Blog
    • Community Involvement
    • Insurance Companies We Represent
  • Products
    • Home & Auto Insurance
    • Auto InsuranceImage of right arrow
      • Liability Coverage
      • Uninsured and Underinsured Motorist
      • Collision Coverage
      • Medical Payments Coverage
      • Minor Violation Forgiveness
      • Classic Car Insurance
      • Rental Reimbursement
      • Motorhome Insurance
      • Vanishing Deductible
    • Home InsuranceImage of right arrow
      • Landlord Insurance
      • Mortgage Protection
      • Property Insurance
      • Homeowner's Liability
      • Scheduled Property Insurance
      • Condo Insurance
    • Life InsuranceImage of right arrow
      • Disability Insurance
      • Group Life Insurance
      • Individual Life
      • Long Term Care
      • Second-to-Die Policy
    • Powersports Vehicle InsuranceImage of right arrow
      • ATV Insurance
      • Boat Insurance
      • Motorcycle Insurance
      • Snowmobile Insurance
    • Other Personal InsuranceImage of right arrow
      • Personal Umbrella & Identity Theft
    • Coverage for Specific IndustriesImage of right arrow
      • Accounting Firm Insurance
      • Alarm Contractors Insurance
      • Insurance for Arborists
      • Bar Insurance
      • Box Truck Insurance
      • Builders Risk Insurance
      • Car Dealership Insurance
      • Cargo Insurance and Freight Insurance
      • Catering Insurance
      • Condo Association Insurance
      • Construction Insurance
      • Consulting Firm Insurance
      • Contractors Insurance
      • Specialty Trade Contractors Insurance
      • Craft Brewery Insurance
      • Dental Practice Insurance
      • Dump Truck Insurance
      • Educational Facility Insurance
      • Financial Institution Insurance
      • Food Delivery and Uber Insurance
      • Food Truck Insurance
      • Fleet Insurance
      • Funeral Home Insurance
      • Handyman Insurance
      • Garage Insurance
      • Healthcare Facility Insurance
      • Healthcare Practice Insurance
      • HVAC Contractors Insurance
      • Law Firm Insurance
      • Life Science Insurance
      • Limousine Services Insurance
      • Liquor Liability Insurance
      • Livestock Insurance
      • Maintenance Contractors Insurance
      • Manufacturing Insurance
      • Media & Advertising Insurance
      • Medical Malpractice Insurance
      • Minibus Insurance
      • Non Profit Insurance
      • Nursing Home Insurance
      • Nursing Insurance
      • Orthotics & Prosthetics Insurance
      • Personal Trainer Insurance
      • Pharmacist Insurance
      • Pool & Spa Insurance
      • Printers & Publishers Insurance
      • Railroad Contractors Insurance
      • Real Estate Businesses Insurance
      • Restaurant Insurance
      • Retail Insurance
      • Rideshare Insurance
      • School Bus Contractors Insurance
      • Scrap Metal Insurance
      • Security Guards Insurance
      • Self-Storage Insurance
      • Septic Contractors Insurance
      • Snow Plow Insurance
      • Specialized Truck Equipment Insurance
      • Technology Services Insurance
      • Tractor Insurance
      • Tow Trucks Insurance
      • Water Well Drillers Insurance
      • Veterinary Insurance
      • Vineyard & Winery Insurance
    • Coverage for Your BusinessImage of right arrow
      • Bonds
      • Business Catastrophe Insurance
      • Business Owners Policy (BOP)
      • Commercial Auto Insurance
      • Commercial General Liability
      • Commercial Property Insurance
      • Commercial Real Estate Insurance
      • Commercial Umbrella Insurance
      • Crime Insurance
      • Equipment Insurance
      • Errors and Omissions Insurance
      • Extortion Insurance
      • Fidelity Bonds
      • Leave Management
      • Loss Control Insurance
      • Inland Marine Insurance
      • Kidnapping Insurance
      • Marine Insurance
      • Mechanical Breakdown Insurance
      • Office Insurance
      • Product Liability Insurance
      • Professional Liability
      • Ransom Insurance
      • Shipping Insurance
      • Small Business Insurance
      • Small Business Liability Insurance
      • Storage Insurance
      • Surety Bonds
      • Technology Insurance
      • Trailer Insurance
      • Transportation Insurance
      • Trucking Insurance and Semi Truck Insurance
      • Workers Compensation
      • Van Insurance
    • Coverage for Your EmployeesImage of right arrow
      • Small Business Retirement Plans
      • Employer-Sponsored Retirement
      • Group Benefits
      • Group Disability Insurance
      • Voluntary Benefits
      • Disability Insurance
      • Individual Life Insurance
    • Farm InsuranceImage of right arrow
      • Crop Insurance
      • Farm Owners Insurance
      • Farm Livestock Insurance
      • Equine Insurance
      • Farm Equipment Insurance
      • Farm Dwelling Insurance
      • Farm Structures Insurance
      • Farm Auto Insurance
      • Farm Umbrella Insurance
      • Farm and Ranch Insurance
      • Farm Liability Insurance
  • Get A Quote
  • Contact Us
Auto Icon

Auto

We browse through a wide variety of coverages and find the right one for you.

Learn More
Home Icon

Home

We browse through a wide variety of coverages and find the right one for you.

Learn More
Farm Icon

Farm

We browse through a wide variety of coverages and find the right one for you.

Learn More
Business & Commercial Icon

Business & Commercial

We browse through a wide variety of coverages and find the right one for you.

Learn More
Life Icon

Life

We browse through a wide variety of coverages and find the right one for you.

Learn More
Home > Blog > 3 Ways to Save on Business Insurance
THURSDAY, DECEMBER 29, 2022

3 Ways to Save on Business Insurance

This economy has been tough on many businesses, particularly small ones that don’t generate as much income as larger companies. However, insurance is still an important consideration for every business. Think about the costs of rebuilding after a fire or the losses incurred after an overnight theft. These expenses can quickly exceed the cost of insurance, and can even mean closing business doors in extreme cases. Rather than getting rid of valuable coverage, try these three tips for saving on insurance premiums. 

1. Bundle your policies: Insurance companies want more business from customers, and bundling all of your policies with a single insurer is giving that company what it wants. This often means discounts across the board on your policies.  Another bundling option for small businesses is called a business owner’s policy (BOP), which is a single policy that includes property and liability coverage, along with additional coverages of your choice. This option is often a cheaper way to get comprehensive coverage for businesses that employ fewer than 100 employees and earn less than $1 million annually. a person sitting at a desk in front of a computer

2. Pick a higher deductible: A deductible is the expense a covered business is responsible for paying when filing a claim; the insurer will cover the rest of the costs following a covered event (up to policy limits). Choosing a higher deductible will often decrease monthly premiums, but it also means that your business will have to pay a higher amount when making a claim. It’s recommended that you pick the highest amount that your business can feasibly afford at any given time so you can enjoy lower premiums year-round. 

3. Install security features: Insurance companies calculate premiums by how much of a potential risk a business poses. You can reduce the risk of a covered event occurring on business property by installing security features, such as burglar alarms, security cameras, smoke alarms, fire sprinklers, a stronger firewall on computers, etc. These devices will require an initial investment, but they help make your business much more secure. This added security can reduce your premiums and/or qualify your business for a safety discount. 
Posted 2:36 PM

Tags: business, insurance, bop, business, owners, policy, commercial
Share |


No Comments


Post a Comment
Required
Required (Not Displayed)
Required


All comments are moderated and stripped of HTML.

NOTICE: This blog and website are made available by the publisher for educational and informational purposes only. It is not be used as a substitute for competent insurance, legal, or tax advice from a licensed professional in your state. By using this blog site you understand that there is no broker client relationship between you and the blog and website publisher.
Blog Archive
  • 2023
  • 2022
  • 2021

  • insurance(22)
  • coverage(14)
  • auto(8)
  • policy(7)
  • business(6)
  • car(6)
  • accident(5)
  • ranch(4)
  • farm(4)
  • powersport(4)
  • homeowners(3)
  • vehicle(3)
  • owners(3)
  • atv(3)
  • bop(3)
  • commercial(3)
  • livestock(2)
  • equipment(2)
  • safety(2)
  • crop(2)
  • farm insurance(2)
  • agriculture(2)
  • weather(1)
  • liability(1)
  • general(1)
  • classic(1)
  • mobile(1)
  • payments(1)
  • winter(1)
  • home insurance(1)
  • golf cart(1)
  • missing(1)
  • effects(1)
  • recreational vehicle(1)
  • home(1)

View Mobile Version

Contact Us Today!
814-866-8671

Social Social Social

Resources

  • Products
  • Customer Service
  • Payment Options
  • Report a Claim
  • About Us
  • Refer A Friend
  • Our Carriers
  • Blog
  • Contact Us

Contact Us

4420 Peach Street
Erie, PA 16509

Ph: 814-866-8671 | Fx: 814-866-1535
© Copyright. All rights reserved. | Powered by Insurance Website Builder