Call Us  |  Text Us ☰ ˟


Call Us (203) 377-8455
Text Us (475) 256-6940
Logo


  • Products
    • Get A Quote With Nationwide
    • Auto InsuranceImage of right arrow
      • Classic Car
      • Medical Payments Coverage
      • Minor Violation Forgiveness
      • Personal Injury Protection
      • Rental Reimbursement
      • Uninsured & Underinsured Motorist
    • Home InsuranceImage of right arrow
      • Homeowners Liability
      • Landlords Insurance
      • Mortgage Protection
      • Scheduled Property Insurance
    • Life InsuranceImage of right arrow
      • Individual Life
      • Group Life
      • Long Term Care
      • Disability Insurance
      • Second-To-Die Policy
    • Powersports VehicleImage of right arrow
      • ATV Insurance
      • Boat Insurance
      • Motorcycle Insurance
      • Snowmobile Insurance
    • Personal Umbrella & Identity Theft
    • Coverage for Specific IndustriesImage of right arrow
      • Accounting Firm Insurance
      • Auto Body Insurance
      • Insurance for Arborists
      • Construction Insurance
      • Consulting Firm Insurance
      • Contractors Insurance
      • Specialty Trade Contractors Insurance
      • Craft Brewery Insurance
      • Healthcare Facility Insurance
      • Healthcare Practice Insurance
      • Landscaper Insurance
      • Law Firm Insurance
      • Life Science Insurance
      • Limousine Services Insurance
      • Livestock Insurance
      • Maintenance Contractors Insurance
      • Manufacturing Insurance
      • Maritime Employers Insurance
      • Media & Advertising Insurance
      • Orthotics & Prosthetics Insurance
      • Pool & Spa Insurance
      • Printers & Publishers Insurance
      • Railroad Contractors Insurance
      • Real Estate Businesses Insurance
      • Restaurant Insurance
      • Retail Insurance
      • Self-Storage Insurance
      • Septic Contractors Insurance
      • Specialized Truck Equipment Insurance
      • Technology Services Insurance
      • Water Well Drillers Insurance
    • Coverage for Your BusinessImage of right arrow
      • Business Insurance
      • Leave Management
      • Loss Control Insurance
      • Marine Insurance
      • Business Owners Policy (BOP)
      • Commercial Auto Insurance
      • Commercial General Liability
      • Commercial Property Insurance
      • Commercial Umbrella Insurance
      • Crime Insurance
      • Inland Marine Insurance
      • Professional Liability
      • Workers Compensation
      • Bonds
      • Fidelity Bonds
      • Surety Bonds
    • Coverage for Your EmployeesImage of right arrow
      • Small Business Retirement Plans
      • Employer-Sponsored Retirement
      • Group Benefits
      • Group Disability Insurance
      • Voluntary Benefits
      • Retiree Health Coverage
      • Group Health Insurance
      • Disability Insurance
      • Individual Life Insurance
    • Coverage for Your FarmImage of right arrow
      • Crop Insurance
      • Farm Owners Insurance
      • Farm Livestock Insurance
      • Equine Insurance
      • Farm Equipment Insurance
      • Farm Dwelling Insurance
      • Farm Structures Insurance
      • Farm Auto Insurance
      • Farm Umbrella Insurance
      • Farm Liability Insurance
  • Get A Quote
    • Get a Quote
    • Nationwide Express
  • Blog
  • Resources
    • Refer a Friend
    • Payments
    • Claims
    • Carriers
    • Insurance Glossary
  • About Us
    • About Us
    • Testimonials
    • Switching Insurance Companies
    • Employee Directory
    • Privacy Policy
  • Contact Us
    • Contact Us
    • Our Location
    • Leave Us a Review
Home > Blog > Tips for Saving Money on Commercial General Liability Insurance
FRIDAY, APRIL 30, 2021

Tips for Saving Money on Commercial General Liability Insurance

General liability insurance is one of the most crucial part of any business’ commercial insurance policy. This insurance covers common and basic accident that faces every business during day to day operation. It can grow expensive depending on your industry and the size of your business, however. Thankfully there are ways you can save money on your business’ general liability insurance.a woman sitting at a table using a laptop 

Invest in Security 

If you have the budget for it and you run a large facility — such as a shopping mall or factory — a full-time security staff can bring your general liability rates down quite a bit. Installing anti-burglary alarm systems and keeping potentially dangerous products locked away can also help. 

 Hesitate Before Filing a Claim 

When an accident happens, you may be tempted to immediately file a claim. Filing a claim can raise your insurance rates, though, so be sure to consider the damages and their cost before filing a claim. If the damages are around the same cost of your deductible, you may want to instead pay for the damages out of pocket rather than filing a claim. 

Emphasize Safety in Your Business 

Train your staff, retrain your staff, and keep your shop clean. Provide your insurer with all the pertinent information on how you run your business and copies of your training manuals. Also let them know that you are putting safety first.  

Join state safety programs.  

Look into business safety programs run by your state government. This can help with lowering your rates across the board — especially for general liability and workers compensation coverage.  

Have a Lawyer You Trust 

With solid contracts, you can greatly reduce your risk of being caught up in a liability case owing to your dealings with contractors, suppliers and clients. Paying a contract lawyer to help you draft up the documents is an added expense. But it may save you quite a bit on your general liability insurance premiums.  

Bundle Your Insurance 

The chances are that you won’t just need general liability insurance when running a business. Bundling general liability with other insurance coverages can help you save money on important policies, as well. 

The golden rule of liability insurance rates is simple: If you can spend a little bit of money right now to make your business safer and more secure for your employees, clients, partners and customers, then you're going to pay far less in the long run on your general liability insurance premiums.
Posted 5:44 PM

Tags: general, liability, insurance, commercial, coverage
Share |


No Comments


Post a Comment
Required
Required (Not Displayed)
Required


All comments are moderated and stripped of HTML.

NOTICE: This blog and website are made available by the publisher for educational and informational purposes only. It is not be used as a substitute for competent insurance, legal, or tax advice from a licensed professional in your state. By using this blog site you understand that there is no broker client relationship between you and the blog and website publisher.
Blog Archive
  • 2023
  • 2022
  • 2021
  • 2020

  • insurance(7)
  • coverage(7)
  • commercial(4)
  • policy(3)
  • liability(3)
  • auto insurance(3)
  • business(3)
  • home insurance(3)
  • flood insurance(2)
  • bop(2)
  • business owners policy(2)
  • cyber security(2)
  • business insurance(2)
  • commercial auto insurance(2)
  • auto(2)
  • commercial general liability(1)
  • workers compensation(1)
  • general(1)
  • homeowners(1)
  • compensation(1)
  • rates(1)
  • damage(1)
  • builders(1)
  • collision(1)
  • owners(1)
  • professional(1)
  • credit(1)
  • risk(1)
  • commercial general liability insurance(1)
  • car(1)
  • builders risk insurance(1)
  • workers(1)
  • flood(1)
  • professional liability insurance(1)
  • score(1)

View Mobile Version
Logo
Quick Links
Home Get a Quote Payment Options Claims About Us
Refer A Friend Our Carriers Blog Contact Us Leave Us a Review
Location
6580 Main St
Suite 201
Stratford, CT 06614

Phone: (203) 377-8455
Fax: (203) 375-9938
Social Social
© Copyright. All rights reserved.
Powered by Insurance Website Builder