Liability, property, vehicles, directors, officers, employees – you can buy an insurance policy for many of the risks your business faces. While going without insurance is generally a penny-wise, pound-foolish decision, considering ways you can reduce the cost of your premiums makes sense. For example, you might ask about higher deductibles. The deductible is the amount you pay in the event of a loss before your insurance company will write a check. For more money-saving tips that can benefit your business, contact us.
There are a lot of recurring expenses like insurance that should be reviewed every couple of years to see how your current provider might want to keep your business with a better product for the same price or the same product for a lower price. Don’t buy it, turn in on auto pilot and never review it again.
For business consultation like this and much more, contact our firm today.