TIPS ON LOWERING COMMERCIAL PROPERTY & GENERAL LIABILITY INSURANCE COSTS

TIPS ON LOWERING COMMERCIAL PROPERTY & GENERAL LIABILITY INSURANCE COSTS

Ethan Andrew Kosmin Ethan Andrew Kosmin

Ethan Andrew Kosmin

⚡ 27,777+ Hours of Insurance Experience Protecting Businesses & Families ⚡ Bad insurance advice could cost you millions.

Published Dec 18, 2019
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  1. Review all insurance policies each year, and note any changes that may affect your coverage costs. For example, your premiums could be impacted by the addition or reduction of employees, client product offerings or inventory; alterations to your building or equipment; or changed state regulations.
  2. Find out how plans differ to ensure you are purchasing the best policy for your particular business at a competitive price.
  3. Claim a tax deduction for your premiums on fire, casualty and burglary insurance.
  4. Avoid purchasing overlapping policies. Carefully read the terms to make sure you are not covered for the same item in two separate policies. This type of policy examination also helps you ensure that you are not missing crucial coverage in other areas.

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