Commercial insurance is confusing for many people, and few can agree on how exactly it should be done. It’s why insurance laws come under review, and why rates change for company owners who are just trying to get by in a competitive world. If you live in Longwood, FL, and just want to learn more about the basics, keep these tips in mind from Express Insurance. 

You Can Tailor Your Policy 

If you have a business in Longwood, FL, you’re required to have certain factors covered, such as workers compensation and unemployment. Beyond that though, you need to start checking off the other major boxes from there. Lawsuits, customer injuries, theft, weather damage — not preparing for these disasters can take a business down quickly. 

Check (and Double Check) Your Deductible

Deductibles can reach into the hundreds of thousands of dollars, and most business owners don’t have that kind of cash to pay upfront before insurance starts kicking in. Each policy has their own deductible, so you’ll need to pay attention to hidden costs and fees anywhere and everywhere they may hide. 

Insurance Costs Can Be Written Off

Commercial insurance is a part of your normal business expenses, meaning you can write it off on your taxes. In addition to helping your business stay afloat during the hardest of times, it can help your taxes be a little bit easier to bear. 

Express Insurance is here to give you tips and tricks if you’re looking to make the most of your commercial insurance plan. While we can’t stop insurance laws from changing, we can assist you in helping to pick out a good policy. If you’re looking for a quote or just want to tell us your story, give us a call for further details.