Are you looking for a suitable policy for your new business from an insurance company in New Hampshire? When you are shopping for insurance, it pays to be armed with a few tips for saving money. These include:
• Consider buying a package policy. BOPs (Business Owner Policies) are package deals that have been developed with smaller and mid-sized businesses in mind. BOPs include coverage for property and contents, liability, and business interruption, and are usually flexible enough to have some specialized types of insurance added-on if required. However, they do not include insurance for workers compensation or commercial vehicles, and these would require separate policies.
• Look into the policy deductibles. This is the amount that the policyholder needs to pay in an accepted claim before the insurance applies. Higher deductibles usually mean you pay a lower premium. Whether to go for a higher deductible depends on how likely you think you will be to file claims for losses.
• Take action to help prevent losses from occurring. This includes good building security to help prevent burglaries, and developing a safe workplace – which involves learning how to apply good risk management strategies in your business. Should you own your business property, you could also look into ways to improve its resistance to local hazards such as high-winds and wildfire.
Lastly, it may help to speak to an agent who understands the local region and economy for advice on strategies that could help you save money. Contact one of our agents if you need guidance and help in sourcing a suitable policy from a local insurance company.
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