Ways to Lower Your Premiums
If your business receipts or payrolls are down you may be able to request that the company endorse a lower estimation of these to the policies mid-year; however you can’t just lower the payroll estimate to get a lower premium. You will need to justify the changes and you will still be audited at the end of the policy period.
Lowering your coverage is risky, so try not to do it other than as a last resort. Business owners will likely continue to see a rise in slip-and-falls, theft, employee dishonesty, and fraudulent claims. Now is the time a claim will hurt you the most and could even cause the business to struggle due to a costly uninsured claim. Don’t put your family and business at risk by dropping your much needed insurance coverage at the Lake of the Ozarks. It could be the worst thing you could do if you were to have a loss. Talk to your agent to discuss options that best suit your situation.
Steven Naught is a Certified Insurance Counselor with the Naught-Naught Agency. He can be reached at his friendly office at 573-348-2794. For all your Lake of the Ozarks insurance needs, contact Insure the Lake! You can have peace of mind. Contact us for a FREE quote request today!