Business insurance costs, just like any other business overhead, can have a substantial impact on the costs of running any business. However unlike many other business overheads eg: business rates and rent, business insurance costs can be reduced with a little forward planning.
How to reduce your business insurance costs
- Don’t get just one quote you - can compare business insurance costs online quickly saving you both time and money
- Increase your voluntary excess
- Combining cover such as buildings, employees and public liability insurance into one policy is often cheaper than individual policies
- Becoming a member of a trade association or professional body can reduce your premiums
- Chose a specialist business insurance broker