Affordable small business insurance can feel like something that is difficult to find. Many small business owners believe that business insurance is an added cost that they simply can’t afford. Business insurance can be expensive, but it doesn’t have to be if you take the time to do your research. We are going to share some tips to help you find affordable business insurance or ways to reduce our premiums.

Choosing the right type of coverage, provider and deductible amount for your business can make a big difference in your monthly premiums. The right type of coverage is a policy that is tailored to your unique business needs, providing adequate coverage to your property, employees, bottom line, company vehicles and liability protection.

3 things you can do to get affordable business insurance:

• Security system: If you own a retail store, garage or commercial property, having a centrally monitored security system provides extra security, and may also give you a discount on your insurance premiums. In the event of an incident, a centrally monitored security system may also help speed up the claims process.
• Building: If you are opening a business outside of your home, choosing the right building can also make a difference in what you pay for premiums. For example, if you are opening a bakery, finding a location inside of a newer building is a wise choice. Newer buildings are often made of non-combustible materials and may come with a sprinkler system that could lower the risk of property damage due to fire.
• Location: Choosing the right location is another important factor. For example, flooding is another risk that businesses and homeowners face. Before choosing a new retail location, doing some research into whether or not it is in a valley, adjacent to water or in a flood plain can lower your risk of flood and therefore your premiums.

Do you own a home-based business?

If you own a home-based small business, TruShield offers affordable business insurance for as little as $50 per month! This policy has been created specifically for small business owners that run their businesses from home. On top of your property and liability coverage, TruShield insurance also includes great added services, which come included in every policy, such as Legal Assist & Trauma Assist. CLICK HERE TO GET A QUOTE TODAY