Three Ways to Find Commercial Insurance Quotes

With the current economic situation still unbalanced, and the end of a calendar year quickly approaching, many small and large businesses are beginning to think of ways to cut costs in 2010. Traditionally one of the most expensive costs for any operation is in the area of commercial liability insurance for protection against fire, theft and employee injury. The good news is there are more companies than ever offering this kind of insurance, which means prices overall are down, and finding commercial insurance quotes is easier than ever.

The most popular, and probably the easiest, way to begin your search for a new insurance quote is to look online at various insurance web sites and advertisements. Because of how easy it is to answer a few questions and receive a quote back from a company, there is no reason to be able to get at least five cost estimates in an afternoon. As you surf around the net you will probably see many insurance companies you haven’t heard of before, and yes, some of these are very small companies. But since it IS your policy you are more than welcome to only request quotes from the largest agencies.

Another good place to gain commercial insurance quotes is from a local commercial insurance broker based in your town or neighborhood. Because these agents tend to represent hundreds if not thousands of small to medium sized businesses, they can usually push large companies for lower rates across the board. Make you speak with several brokers and ask which insurance companies they represent. In speaking with business owners it is usually recommended to contact at least three or more independent brokers.

Finally a great way to collect insurance information and consider a new company is through recommendations from colleagues and friends. At a local chamber meeting or other business networking event you can probably mention your need and get several names thrown at you. Don’t be surprised if you also get a few calls from insurance agents who were given your name and phone number.

The biggest key to getting competitive quotes for commercial insurance is as simple as asking. By spending time online, with independent commercial insurance brokers, and networking in your area, you will get plenty of information and estimates. Spend time going through each and you will more than likely be able to lower you business overhead in 2010.