Managing Business Insurance Risks to Save Money

Managing Business Insurance Risks to Save Money

If you want to save money on auto insurance, improve your driving record. Buying life insurance when you are young and healthy will help you get better life insurance rates. Installing safety and security features in your home can result in home owner insurance discounts.

What about business insurance? Are there steps you can take to minimize risks and help achieve lower business insurance premiums?

First, it should be understood that not all steps you take to reduce risks will result in immediate discounts. Long-term, however, fewer claims will result in lower premiums.

Here are some ways you can minimize risks to your business that could result in savings.

Security Systems

Employee theft is a big problem in the U.S. It is estimated employee theft alone accounts for $50 million in losses. Furthermore, one-third of all bankruptcies are the result of employee theft. Add in break-ins and vandalism and theft significantly impacts business. Security systems could result in direct discounts on some business insurance plans.

Improved Background Checks

Not only do your employees represent your business, you are responsible for their actions while on the job. This is why background checks and employee screenings are so vital. Take a little extra time and spend a little more when recruiting and it can minimize your long-term risks.

Better Safety Training

Rigorous safety training can not only reduce on the job injuries and liability claims, it demonstrates your organization’s commitment to safety. Even if an incident should occur, having a solid safety training system in place demonstrates due diligence.

Safer Working Conditions

No matter what type of business you are in, there may be steps you can take to improve employee safety. This is a good example where employee feedback can be valuable. Ask your staff where safety issues may be of concern.

Some business sectors provide specialized training to minimize risks for specific industries. These training and consulting services can result in a more sound, safer work environment. Contact our independent business insurance agents to see if they may also translate into better business insurance premiums.


Leave a Comment

Annual Events That Have Lost Some Luster

April 28, 2023

Why Do Your Customers Like You?

April 27, 2023

Life Insurance 101: What Everyone Should Know

April 26, 2023

Car Detailing Tips to Keep Your Car Looking Great

April 25, 2023

What Can You Do When Your Neighbor is Annoying

April 24, 2023

Ten Most Challenging to Remember State Capitals

April 21, 2023

Surround Your Business with These On-Call Professionals

April 20, 2023

Buying Life Insurance When You Have the Most Options

April 19, 2023

Car Insurance Myths

April 18, 2023

Prepping for a Garage Sale

April 17, 2023

Rock Bands That Played in Costumes

April 14, 2023

Should You Have Business Insurance If You Don’t Own the Real Estate?

April 13, 2023

Unique Situations That Call For a Life Insurance Quote from an Independent Agent

April 12, 2023

Car Horn Laws and Etiquette

April 11, 2023

Making Your Home More Convenient

April 10, 2023

Reasons You May Want to Visit Florida’s Space Coast

April 7, 2023

How to Win More Customers

April 6, 2023

Why Term Insurance Is So Popular

April 5, 2023

Interstate Highway Trivia

April 4, 2023

6 Questions to Ask About Your Home Insurance Quote

April 3, 2023

First Jobs of Famous People

March 24, 2023

Sharpening the Marketing Axe For Your Business

March 23, 2023

Setting a Life Insurance Goal

March 22, 2023

Automotive British Speak

March 21, 2023

The Benefits of Buying a New Constructed Home

March 20, 2023

When Did Super Bowl Halftime Shows Become Such a Big Deal?

March 17, 2023

Why You May Be Required to Have Business Insurance

March 16, 2023

Should You Have Life Insurance? HINT: Ask Your Spouse

March 15, 2023

Changes in the Auto Industry You May Have Missed

March 14, 2023

Six Things You Will Not Regret Splurging On

March 13, 2023

How Television Marked the Seasons

March 10, 2023

Think You Can’t Afford Business Insurance?

March 9, 2023

Is Life Insurance a Part of Your Financial Plan?

March 8, 2023

What to Contemplate When Getting an Auto Insurance Quote

March 7, 2023

Buying a Home 101

March 6, 2023

Awesome Rock Band Names

March 3, 2023

Clubbing for Businesses

March 2, 2023

The Power of Color

March 1, 2023

Frustrated with Other Drivers? Blame Luigi and Princess Peach

February 28, 2023

It May Not Be Illegal to Go Without Home Insurance. You May Still Be Required to Carry It. Here’s Why.

February 27, 2023

Spoiler Alerts: Surprise Endings to Classic Movies

February 24, 2023

One of Your Biggest Obligations as a Business Owner

February 23, 2023

Addressing Some of the Most Uncomfortable Topics in Life Insurances

February 22, 2023

Gas, Pumps, and Service Stations

February 21, 2023

Making the Most Out of a Small Apartment

February 20, 2023

Tricks Grocery Stores Use To Get You to Spend More

February 17, 2023

Attorney Advertising and Your Business

February 16, 2023

Improving Your Life by Improving Your Sleep: All About Mattresses

February 15, 2023

Six Car Care Tips Your Mechanic Would Emphasize

February 14, 2023

Home Insurance “Unknown Zones”: Fences, Sidewalks, and Tree Lawns

February 13, 2023

Items Those Under 30 May Never Have Used

February 10, 2023

Why It’s Important to Review Your Life Insurance

February 8, 2023

Hot Rods to Tuners: Car Modifications Through the Years

February 7, 2023

Home Insurance and Solar Power

February 6, 2023

Things That Are Hard to Find at Hotels Anymore

February 3, 2023

Thoughts About Naming a New Business

February 2, 2023

Can Healthcare Be Interesting?

February 1, 2023

The Land of Misfit Cars

January 31, 2023

Bugs, Insects, Pests, and Home Insurance

January 30, 2023

Garage Sale Bingo

January 27, 2023

Contact Us



Have A Question?

We have an answer. Call us at 1-303-745-0300
AI Agency LOGO

Like Us On Facebook!

2020 S ONEIDA Suite 203 DENVER, Colorado 80224


© Copyright 2023 A I AGENCY OF COLORADO INC  |   All Rights Reserved
Site by ICA Agency Alliance

2020 S ONEIDA Suite 203 DENVER, Colorado 80224

© Copyright 2023 A I AGENCY OF COLORADO INC  |   All Rights Reserved
Site by ICA Agency Alliance