Business insurance gets a hair cut

Have businesses been cutting their insurance policies? Many say, yes. The statistics say yes also. With the economy being especially brutal to small-medium business owners, drastic measures have been noted by insurance agents around the country. Many business owners have seen a decrease in premium just due to the lowering of payroll but this wasn’t enough, they cut extras, and anything that was a policy add-on in an effort to lower the premiums. Other approaches have been made to get policy premiums lower too. Strategies such as lowering the amount of coverage…

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