IDEA: Select higher insurance deductibles to trim insurance premiums as your firm grows.

As your firm grows and can afford it, select higher insurance deductibles to drive down insurance premiums (GL, auto, excess, flood). Call your insurance broker and ask to see what the premiums are going to be for various deductible levels to compare savings.  In some cases, it will not be worth it; in others, the savings will be very apparent.  If you want to see the impact of your decision, put the saved premium in the bank until or if needed.

Is there anything we missed?

How would you improve the idea above ?

OR Log in With

IDEA OF THE DAY
SIGN UP FOR THE "Best ideas" NEWSLETTER

Get the best new business ideas sent to you daily.

SIGN UP
SUBMIT AN IDEA

Here’s an opportunity to contribute your best idea to boost a company’s bottom line, and maybe qualify for a weekly award.

saved article

My Bookmark Category


  • Great Profit Ideas