Advocate Insurance List of Categories

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How can I save money on liability insurance?
May I self insure my business?
How can I save money on liability insurance?

There are a number of ways to reduce the cost of liability insurance. Here are just a few: 1. Insure only those things that would be expensive or difficult to replace. 2. Increase the amount of your deductible, from say $500 to $1000. 3. Implement risk reduction programs. Risk reduction can be as simple as buying a fire alarm, extinguisher and smoke detectors.

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May I self insure my business?

In this instance, the business owner creates a reserve fund to cover potential losses. Keep in mind that money placed into a reserve fund is not deductible unless you actually spend the money.

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