You May Be Able To Save On Your General Liability Insurance

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General Liability Costs

If you already have a general liability insurance policy in place for your business, you may be in luck when it comes time to renew your policy. More insurance underwriters are jumping into the general liability insurance game, creating a “soft” market, meaning that there is more supply than demand for the policies.

If your general liability insurance profile is low risk, such as if you are not in a high-risk industry or have not made too many claims in the past, your policy may come at a much lower price when you renew. Some commercial insurance companies are dropping their renewal prices by as much as 15 percent.

Since there are more companies providing general liability policies, they are competing for your business, which works in your favor. To get your business, these insurance companies are more likely to add coverage options to your policy at lower prices or reduce your premiums significantly if you have a clean credit claims history.

Since preventing general liability claims is one of the easiest ways to save money on your general liability insurance policies, finding ways to prevent claims should be one of your top priorities. Keep these tips in mind to reduce your claims.

  • Keep all walkways and parking lots clear of any obstacles that could lead to an injury for visitors or clients.
  • Limit access to slick or cluttered areas on your property.
  • Install handrails next to all inclines or steps on your property.
  • Implement strict quality controls for all products that you provide or any customer property that you handle.

For all of your business insurance needs, and to ensure that you have the right amount of coverage all at the right price, contact American Premier Insurance in Phoenix, Arizona.