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To get better coverage on commercial insurance, and save money in the process, you need a short education on how to deal wth insurance brokers, and insurance companies.
Before anyone can give you a reliable commercial insurance quote, you need to provide them a substantial amount of information and documentation.
We've found it is extremely valuable to prepare a set of commecial insurance bid specifications, get the loss history reports from your current and former insuranc companies, and firmly assign insuramce markets to the brokers who want to quote. This way you establish real competition for your business, and it is very common for prices to drop 20% and more when you do this. It seems like a simple enough idea, but people do get frustrated, usually because they don't have the experience and knowledge to deal with it.
Our firm, Insurance Cost Reduction Services delivers support in any way you want it. If you want to get educated about how to control insurance costs, we wrote the book on the topic, "The Buyer's Guide To Business Insurance". We also do webinars, teleseminars, and individual consultations. For more support, we have templates and software to help you take control of your commercial insurance quotes. We have an email reminder system, to help you keep on top of your renewal cycle. For those who want to outsource the function of getting competitive renewal quotes from multiple brokers and insurance companies, we can take care of that for you.