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Proven Ways to Reduce Your Business Insurance Cost

bigstock-Shady-image-of-a-business-team-47773903A Chicago Business Insurance Update

Saving money on your business insurance is not always an easy thing for many companies to do. You have many options regarding insurance agents and insurance companies that at times can be confusing.  There are several ways to reduce your business insurance cost without jeopardizing coverage. Here are a few;

Use a broker who knows and understands your industry. Having an understanding of your risks, and what markets are best suited for your risks, can result in lower costs. Have us shop your insurance. We have access to many insurers, which allows us to offer you many options.

Provide driver’s training. Having educated and trained drivers can reduce your business auto insurance cost by up to 5%.

Have proper safety equipment. Do you have sprinklers and central station smoke detectors? These can help reduce insurance costs.

Remove irrelevant coverage. Before agreeing to a business insurance policy, ask us which items are optional endorsements. Some endorsements can be removed if you don’t require the coverage. Removing irrelevant coverage can reduce your insurance premium.

Combine all your commercial insurance into one package. Insurers often give credits for more than one line of insurance (Property, Auto, Liability, Excess, Professionals).

Increase deductibles. Insurers will often provide good credits if you increase your deductibles on property or auto physical damage.

At Lakeview Insurance Agency, we pride ourselves on our great customer service. We are an independent, individually owned insurance business that treats our clients like family. We understand that claims, changes, emergencies and accidents happen – and we’re dedicated to helping you deal with them.

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Office Contacts
Ph: 773-871-8000
Ph: 847-250-1500
Fax: 773-871-8062
info@lakeviewins.com

Lakeview Insurance Agency of Illinois, Ltd.
3438 N. Southport Ave.
Chicago, IL 60657 map
Walk-Ins Welcome

Lakeview Insurance Agency of Illinois, Ltd.
1167 Wilmette Avenue, Ste 201
Wilmette, IL 60091 map
By Appt Only

After-Hours Emergency Claims
Ph: 630-423-5587
bkonen@lakeviewins.com