Business Insurance
Leonard Insurance is in the business to lower your overall costs while ensuring you have the coverage you need.
Consider how these ideas might be used to improve your business insurance.
Carry a High Property Deductible
Discounts are given for a high Property Insurance deductible.
Buy In Bulk
A package of insurance coverage (e.g. Business Owners Policy) is the most cost effective way to obtain the broadest amount of coverage for your business.
Invest in an Inexpensive Package of Options
Your business may need some additional insurance to handle things such as spoilage for perishable items or your business computer equipment. Buying a package of options is much more cost effective than buying individual coverage. Although you may end up with slightly more insurance than you actually need, this approach offers the best value.
Invest in Protective Devices
Arming your building with protective devices such as sprinklers, fire alarms and burglary systems lowers the cost of insurance.
Maintain Good Records
Keeping detailed, up to date records of your business property ensures that your belongings are accurately valued and that your business is not over or under insured.
Prevent Losses
Implementing a sound loss prevention program that includes promoting a safe work environment, adhering to product safety procedures, and thoroughly training employees will help reduce injuries, risk of losses and lowers your insurance premium.
Penny Wise Pound Foolish
Your business assets are at risk every day from losses that could financially ruin your business. An Umbrella Policy is an inexpensive way to ensure that your business has the right protection. Skimping on this coverage could put you out of business.
Auto Savings
Consider increasing or limiting the physical damage deductibles on older vehicles. Do not skimp by carrying minimum Uninsured Motorist limits.
Check Driving Records
Routinely check the driving records of all employees that are driving vehicles for business use and eliminate drivers with poor records. Promote drivers safety, particularly if deliveries are a routine part of your business.
Utilize Direct Billing Options
A Direct Bill plan allows you to spread your insurance payments over the course of the year which is less of a burden on your cash flow and a more predictable way to plan your budget.
These money saving tips include general suggestions and are for informational purposes only. For more details contact Leonard Insurance.
Small Business Insurance is an important part of our Business.
We use the best companies.
We have many years of experience.
We are a Dedicated Team of Service Professionals:
Claims are dealt with personally, efficiently and promptly.
Flexible Billing:
We offer several billing options to make it easier on your budget.
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