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The Jacobson Agency Blog

Business Insurance Basics And The 5 Cash In Your Pocket Ways To Save On Your Next Policy

1/21/2022

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If your already in business with an insurance policy the basics of this article will be familiar too you. Yet, in this article we share the 5 tips that could save you thousands of dollars on your current or next policy so it very well could be worth your read!
All insurance companies exist for one reason. They are in business to make a profit. The way they do this is simple. We, the customers with insurance policies, pay a premium for the peace of mind that if something bad should ever happen, the insurance company will compensate us for the losses and we won't loose the items were insuring. If the insurance company pays out less for claims than it brings in from all the current policies it makes what's called an underwriters profit.

So obviously 'business insurance' is a policy which is intended to serve the needs of a business rather than the needs of an individual. In general this type of policy protects a business from monetary losses due to just about any type of catastrophe you can imagine, fire, theft, vandalism and even business loss insurance can protect a business should they have a bad quarter or lose money for a short period of time. Business insurance can also help stabilize your business by establishing better credit relations and provide a retirement plan for your employees.  

Needs of Business Insurance:

Whether it is a small enterprise or a large corporation, the success of a business always depends largely on the hard work and ingenuity of its employees. Yet, a single disaster can eliminate all the profits, wipe out a business and leave many hard working employees on the street. The only key to make sure that all the money and effort that have been invested in a business is completely secure in case of any tragedy to the business is to protect the business with an appropriate insurance policy. 

​There are mainly five ways to save big bucks on a business insurance policy and they are as follows:

  1. Use The Jacobson Agency: We specialize in business insurance and compare prices for you before purchasing, this alone can save you truck loads off your monthly premiums over the next few years.
  2. Choosing a higher deductible: By choosing a higher deductible you the customer pay less for the policy. As an additional side note here, this also works for home and auto insurance and can save you thousands over the next few years as long as you know that if you need to make a claim it will be a higher fee.
  3. Purchasing a package policy: It is sometimes cheaper to purchase a package policy rather than individual coverage and this can be ideal for small and medium sized businesses.
  4. Work closely with the insurance agent: By working closely with your insurance agent you'll get valuable advice to protect your business from unexpected disasters. 
  5. Follow the Insurer's recommendations: By following your insurer's recommendations and guidelines you will be able to reduce your premiums. Basically this is because the insurer thinks you are less likely to make a claim.

Benefits of Business Insurance:

Not usually manditory, most businesses have a certain kind of insurance whether they are a for-profit or nonprofit company. That is why business insurance is very essential for every companies as business risks increase year by year. It is very necessary to know what insurance to purchase depending on the nature of your business. If there are lots of assets in your business then the theft and property damage insurance should be considered as well.

Countless hours from talented staff are spent in developing your business. Therefore it is very important to plan to secure your business from a lawsuit, natural disaster strike or some other crisis. And thus we find the actual need of business insurance.
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PO Box 13093
Ogden, UT 84404
(385) 294-0686
Click Here to Email Us

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  • Home
  • Insurance
    • Personal Insurance >
      • Vehicles >
        • Auto Insurance
        • ATV Insurance
        • Classic Car Insurance
        • Motorcycle Insurance
        • Roadside Assistance
        • RV Insurance
      • Property >
        • Home Insurance
        • Earthquake Insurance
        • Flood Insurance
        • Landlords Insurance
        • Renters Insurance
      • Life/Financial >
        • Life Insurance
        • Annuities
        • Disability Insurance
        • Final Expense Insurance
        • Financial Planning
      • Health >
        • Health Insurance
        • Critical Illness Insurance
        • Dental Insurance
        • Long Term Care Insurance
        • Medicare Advantage Plans
        • Medicare Supplement Coverage
        • Vision Insurance
      • Other >
        • Boat Insurance
        • Event Insurance
        • Travel Insurance
        • Wedding Insurance
        • Umbrella Insurance
    • Commercial Insurance >
      • Business Insurance
      • Business Owners Package (BOP) Insurance
      • Group Benefits
      • Insurance Bonds
      • Workers Compensation
  • Quotes
    • Personal Quotes >
      • Auto Quotes >
        • Auto Insurance Quote
        • ATV Insurance Quote
        • Classic Car Insurance Quote
        • Roadside Assistance Quote
        • Motorcycle Quote
        • RV Insurance Quote
      • Property Quotes >
        • Home Insurance Quote
        • Earthquake Insurance Quote
        • Flood Insurance Quote
        • Landlords Insurance Quote
        • Renters Insurance Quote
      • Life & Financial Quotes >
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        • Annuity Quotes
        • Disability Insurance Quote
        • Final Expense Insurance Quote
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        • Dental Insurance Quote
        • Long Term Care Insurance Quote
        • Medicare Advantage Plan Quote
        • Medicare Supplement Coverage Quote
        • Vision Insurance Quote
      • Other Quotes >
        • Boat Insurance Quote
        • Event Insurance Quote
        • Umbrella Insurance Quote
        • Travel Insurance Quote
        • Wedding Insurance Quote
    • Commercial Quotes >
      • Business Insurance Quote
      • Business Owners Package (BOP) Insurance Quote
      • Group Benefits Insurance Quote
      • Insurance Bond Quote
      • Workers Compensation Quote
  • Service
    • Report a Claim
    • Make a Payment
    • Update Contact Info
    • Policy Changes
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  • About
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