SmartBusiness
01-19-2008, 03:23 PM
Do not assume that because you have had no claims you are getting the best rate from your insurance company. You need to tell your agent that you want your business package sent out to at least 3 companies every year, well in advance of the renewal. Agents get lazy, and there is not much commission on the renewals. All the money is made by the agent on the first year the policy is issued. After that, your on your own. Insurance companies regularly increase policies for no apparent reason. Your policy will creep up every year if you stay with the same company. Some insurers get aggressive in certain markets and business segments, and some back away by not being aggressively priced. Make sure your policy gets "shopped around" on every renewal. You get no points for being loyal when it comes to insurance companies.