Save Money on Business Insurance

Determining risks and premiums for a company can be a complex process that depends on the type of industry, the age of your facilities and the number of staff in your operations.

However, there are some actions you can take to potentially lower your company’s insurance premiums including:

• Conduct a risk assessment of your company to ensure you have the appropriate levels of coverage on your business.

• Review your deductibles with your broker to decide whether you should increase them.

• Review the inventory levels that you keep on hand on to see if you can reduce these levels.

Premium discounts
Depending on your situation, your business may be eligible for discounts to your insurance premiums. Factors that could make you eligible for a discount include:

• Operating an on-premises alarm at your company facilities
• Hiring a security company to watch your company’s facilities

For more information on how to save money on business insurance, contact our Business Insurance experts at (604) 543-7788 (toll free at 1-800-899-3093) or e-mail business@westland-insurance.com