What are the most effective ways to lower business insurance premiums?

Review policies annually, compare quotes from multiple carriers, bundle coverages, consider a higher deductible, improve workplace safety, strengthen cybersecurity, reduce claims frequency, and work with an independent agent.

Does raising my deductible really reduce premiums?

Yes. A higher deductible usually lowers premiums, provided the deductible remains an amount your business can comfortably cover in the event of a claim.

Is bundling policies with one insurer cheaper?

Often. Insurers commonly discount when you combine general liability, property and business interruption—such as through a Business Owner’s Policy (BOP).

How often should I review my coverage?

At least once a year, or any time your operations change significantly, to remove outdated coverages and close potential gaps.

Can safety and cybersecurity improvements lower my rates?

Yes. Demonstrating robust safety practices and cyber controls can reduce incidents and claims, and some insurers offer related discounts.

Why work with an independent insurance agent?

Independent agents shop multiple carriers, identify discounts, and tailor coverage so you avoid overpaying for protections you don’t need.

insurance coverage Archives - Garrett Insurance

How to Lower Your Business Insurance Premiums Without Losing Coverage

Commercial Insurance

Business insurance is essential for protecting your company from unexpected risks, but the cost of premiums can be a concern for many owners. The good news is that there are practical ways to reduce insurance expenses without sacrificing the coverage your business needs. By being proactive and strategic, you can strike the right balance between […]

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What to Know About Estate Planning for the Future

Home insurance

Planning for the future is not always easy, but estate planning is one of the most important steps you can take to protect your family and assets. An estate plan is more than just a will. It is a comprehensive strategy that outlines how your property, finances, and medical decisions will be managed if you

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The Importance of Employee Wellness Programs in Retention

Commercial Insurance

In today’s competitive job market, attracting and keeping top talent requires more than offering competitive salaries. Employees want to feel supported, valued, and cared for beyond their day-to-day tasks. One of the most effective ways companies can achieve this is through employee wellness programs. Wellness programs are more than perks, they’re a critical part of

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Which Farm Program Is Not Covered by Animal Insurance?

Farm & Ranch Insurance

If you’re looking at purchasing farm insurance, you may have already found that it’s more complex than auto or home insurance. You’ll have to understand and choose from among several different types of farm and ranch insurance coverages. In most cases, insuring your farm won’t completely protect your livestock. And likewise, animal insurance doesn’t cover

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Should All Farm Owners Have an Umbrella Policy?

Farm & Ranch Insurance

Agriculture is like any other major economic sector: possibly lucrative but never predictable. A farmer spends money and effort to boost productivity and profit. Primary farm insurance covers equipment, livestock, property, and crop output within certain limits. But what happens when disaster strikes? Some incidents and situations aren’t covered by primary farm and ranch insurance.

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Why an Independent Insurance Agent?

Uncategorized

Whether you’re looking to insure your business, your health, or something else, the right coverage is essential. And if you want to find great coverage for a fair price, it’s often a good idea to get quotes from multiple insurance companies. That’s where an independent insurance agent can help. Independent agents work with multiple insurance

Why an Independent Insurance Agent? Read More »

What Type of Health Insurance Should a College Student Have?

Healthcare, Health Insurance

College students have plenty to think about and plan for, but they may not consider health insurance on top of their studies. However, going to school presents a key level of risk. You may be living with people you don’t really know, sharing smaller spaces and being exposed to a higher number of viruses and

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