The Insurance Information Institute released a list of methods yesterday that small business owners and risk managers can use to cut their company's insurance costs in lean economic times.
New York-based I.I.I. suggested the following eight ways to save money on insurance coverage:
1. Shop around. Prices vary from company to company. Get the names of companies or brokers who specialize in the type of business that needs coverage and call several to compare prices and get a feel for the types of services they would provide.
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