Risk management means taking as many precautions as possible to avoid having to call on your business insurance. Many insurers offer premium reductions for following their recommended risk management practices, which can include workplace safety, disaster preparation, and human resource intervention. Premium reduction strategies like security systems and fire prevention measures also warrant discounts, and for certain coverages, just having an official insurer inspection may reduce premiums. Most insurers are up-front about these available discounts, but if your agent forgets to bring it up, you can ask. Ask again at renewal time, as your insurer may have added a new program since last year.
Posted on: Sat, 18 Jan 2014 22:35:22 +0000
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