Skip to main content

What Can I Do to Reduce the Cost of My Lake Ozark Commercial Insurance

Let’s be clear — commercial insurance in Lake Ozark can be expensive. It can also be overwhelming to try to navigate effectively on your own.

No two businesses are alike, which means there’s not a one-size-fits-all type of policy. Each company has its own unique needs. Those needs often directly impact what your policy covers. If you’re getting a standard Lake Ozark commercial insurance policy, chances are you’re missing some pockets of opportunity to save on your premium.

Here are three everyday things we look for when helping our clients reduce the cost of their commercial insurance in Lake Ozark and get the right coverage for their unique needs.

Create a Package for Your Commercial Insurance

There can be benefits when you write all of the lines of coverage your business needs with a single company. Sometimes in the form of savings and other times better coverage.

Packaging your insurance needs isn’t exclusive to your commercial insurance either. By adding your home, auto, and business insurance together with one company, you can also receive a potentially steep discount on your coverage.

Pay in Full for Your Commercial Insurance

While it might not be possible for many companies to pay in full, the option to pay a lump sum rather than a monthly fee is sometimes available. When a carrier offers pay in full coverage, companies can save as much as 10% on their insurance policy. In addition, pay in full coverage also allows you to save the monthly installment fee, which can be as high as $10 per month.

Remove Unnecessary Items From Your Lake Ozark Commercial Insurance

As your business ebbs and flows with the marketplace, you’re constantly making changes. From discontinuing certain lines of work to buying a new vehicle or piece of property, these changes can have a significant impact on your overall insurance policy.

Having annual (many times more frequently) conversations with your commercial insurance agent can help you spot line items that are no longer needed. Be sure to share as much detail and information as possible with your agent, making sure you’re coverage is up to date..

Let’s Talk

You might’ve heard this before, but having a Lake Ozark commercial insurance agent in your corner as you review your insurance policies can help. As independent insurance agents in Lake Ozark, we’re able to review policies through a unique lens. Rather than being tied to a single carrier, we represent multiple providers, which works in your favor. We can review your policy and give you a broader idea of what’s possible for you in terms of saving money on your commercial insurance policies.

Contact us today to request a proposal or schedule a commercial insurance review.