Save on Business Insurance

Investigate trade associations. Most trade associations conduct industry research to help participants make better decisions. Additionally, they orchestrate deals for bulk discounts and often provide competitive insurance for members. Bundling various insurance policies into one package can save you boat-loads. If you aren’t risk averse, increase your deductible. Although you’ll pay a larger portion of your claims, your monthly premiums will be lower. Regarding medical insurance, inquire about past claims and the company’s loss ratio (the total dollar amount of settled claims divided by the premiums collected).

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