9 Ways to Prevent Losses & Save on Insurance

September 15th, 2015
    
What’s the smartest way to save on insurance? Avoiding claims! When you actively prevent losses—and document these preventative measures with your insurance broker—you can keep more dollars in your wallet.

 

Learn how to start lowering your premiums:

DRIVE A CAR?

1. Keep kids safe.

Make sure the children in your vehicle obey safety rules, especially when they’re in the front seat. Also ensure they sit in an appropriate car seat if their height and weight don’t meet the requirements for sitting in a normal seat with a seat belt.

2. Ready your car for emergencies.

While the winter is prime time for breakdowns, be prepared for any emergency situation year round with a good stock of supplies, including reflectors, blankets, and a first aid kit.

3. Use caution in the winter.

Driving in ice, snow, and freezing rain takes extra skill and alertness. Stay at safe speeds, check that your tires are in good shape, and don’t forget your emergency supplies!

 

OWN A HOME?

4. Take care of your roof.

You can help prevent water damage from overflowing spouts when you keep your gutters and drains clear of snow, leaves, and other debris. Keeping your roof as clear of snow as possible can also prevent it from collapsing.

5. Prevent burst pipes.

Especially in the winter, you’ll want to have someone check on your house’s furnace when you’re gone. Otherwise, a cold house can lead to burst pipes.

6. Check your tubing, flashing, and caulking.

Examine your washing machine’s hot and cold rubber tubes to make sure they’re in good condition. Your plumbing’s flashing—around wall penetrations, in particular—should also be in good repair. Double-check that the caulking around windows, doors, and other wall penetrations is adequately sealed.

 

OWN A BUSINESS?

7. Plan ahead.

Arrange a plan of what your employees should do, who to call, and how to handle difficult situations, from shoplifting to fire. Create a game plan for any business interruptions, such as organizing your priorities in the event of recovering after an emergency and calculating your baseline needs to operate.

8. Don’t appeal to thieves.

If you make it clear that your business is monitored—and lock up wherever you can—you can help cut back on your exposure to crime. You can post warning signs, including that your property is under video surveillance or that crime won’t be tolerated.

9. Prepare your staff.

Teach your workers how to react if a theft or other emergency occurs. Interacting with customers and showing they’re aware of the premises can also be a preventative measure against theft. Make sure your employees know how to operate any sprinkler systems or fire pumps.


Simple steps, like those listed above, can truly make a difference. Looking for an insurance expert to help you decide what policy is right for you, and how to include loss prevention in your policy? Then contact our team today.