1. Remove the Coverage that You Do Not Need
Sometimes, you buy an insurance policy without considering the important aspects. For example, get rid of your employment liability coverage if you do not have employees working for you. Also, remove the commercial car insurance if you are not really using a vehicle for business operations.
2. There Are Many Bundles to Choose From
Many insurance providers sell bundles of home insurance, commercial insurance, car insurance, and many others. This is actually beneficial to you as insurers usually give discounts to those who purchase several types of coverage. Getting more than one policy with the same insurer leads to saving some money while getting the coverage that you need.
3. Choose a Business Owner’s Insurance Bundle
Choose a business owner’s policy that comes with other types of coverages like property insurance and some liability insurance. You can get them in one single insurance plan at a lower rate. Remember to read and understand your policy first before making a decision it ensure that all important policies are included in it. For example, the policy should include workers compensation, professional liability insurance, or a car insurance.
4. Ask for a Claim-free Discount
Insurance companies value account holders who do not file several claims in a year. Your provider is likely to give you a discount if your business did not file any claims for a number of years. The best thing to do is to ask the insurance carrier about it as it can also be beneficial to your business.
5. Understand the Relationship Between Your Premium and Deductible
Did you know that in order to reduce your premium, you need to increase your deductible? Keep this in mind if you want to save on your commercial insurance plan. However, what you need to know is that you need to pay the amount of your deductible first. This amount is paid with your own money before the insurance kicks in.
Use a strategic approach to get all the coverages that you need for your business insurance. Consider all avenues that will help keep you from filing a claim. At the Sungate Insurance, we take pride in making sure our clients are well-protected at prices that they can afford. To learn more about how we can help you please contact our agency at (407) 878-7979 or Click Here to request a free quote.
Contact SunGate Insurance Agency today learn more about the type of insurance you need. Click here to contact us or call (407) 878-7979.
SunGate Insurance Agency Coverage
Home Insurance, Auto Insurance, Group Insurance, Property Insurance, RV Insurance, Renters Insurance, Event Insurance, Insurance Bonds, Life Insurance, Business Insurance, Workers Comp, Flood Insurance, Umbrella Insurance and more!
Located in Lake Mary, Florida (serving clients Nationwide and locally in Orlando, Heathrow, Longwood and surrounding Central Florida areas.
