Insurance is just one of many expenses that business owners must undertake, so it’s no wonder that many professionals inquire about ideas to keep their commercial insurance costs under control in West Hartford, Connecticut. Although some strategies apply to many businesses across the board, others are more closely dependant on the type of business and characteristics of its owner. So keep in mind that the most appropriate solutions for a particular business can best be discovered by consulting with an independent agent.
Many businesses that hold commercial insurance operate out of office, store, warehouse and other locations. We recommend that owners consider the risks associated with each of their Hartford business locations, preferably even before purchasing a particular location. If you own a store, you may be drawn to a historic building near Westmoor Park, but you may pay more to insure that historic building than you would for a new shop in Blue Black Square because older buildings can be at a higher risk for damages or need more complex and expensive maintenance over time. If you need an office where people can perform duties but aren’t expected to have in-person customer interactions, a building that is central and easy to get to is important but it probably isn’t worth paying a higher rate for a historic building just for its location. Perhaps a place near Flatbush Avenue would better fit your needs and your budget. The types of coverage that you are most likely to need also depend on your location and type of work. Some areas and business types have higher risks of theft, vandalism, fire, flood, and other perils. It’s not always clear to owners how insurance companies assign risk, but that’s where our independent agent can come in to provide the clarification that can help them save on their commercial insurance premiums.