Commercial Insurance Rates Drop
>> Sunday, January 31, 2010
The insurance publication "The Standard" reported in the 1/29/10 issue that commercial insurance rates continue to drop. The article reports on average a 6% drop, about the same as last quarter.
This is certainly what I see in the marketplace. However, if you do not bid your insurance, you may not see further reductions. Competition is the best way to get the best rates and coverage.
If you have not bid your insurance in the past 3 years, do it at your next renewal.
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Scott lives in Maine and runs a successful consulting firm. He has worked with over 1,500 businesses in his 30 year career.
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