Here is a list of things you can do to reduce risk, reduce chances of having a claim and save on your insurance premiums.
- Ensure you don’t allow your insurance to lapse. Breaks in coverage can cause your premiums to increase.
- Install fire suppression systems and security alarms. Install a motion-detector alarm. These may reduce your commercial property insurance costs.
- Install a UL-approved smoke detector on each floor and a carbon monoxide detector. Replace the batteries yearly.
- Install a UL-approved dry-chemical fire extinguisher in the kitchen for grease fires. Check it periodically to make sure it’s fully charged.
- Install dead-bolt locks on all access doors. Change your locks immediately if your keys are ever stolen.
- Create a safe work environment. This can reduce the chances of an on-the-job injury and fewer claims means lower workers’ compensation premiums.
- Keep walkways clear and safe.
- Avoid having employees with poor driving records operate your business vehicles. Drivers with a good driving history will help keep rates lower.