Getting Advice On Reducing Insurance Costs
People in big businesses tend to make a lot of noise about running “lean and mean” operations. They have whole corporate departments dedicated to maximizing business profits by reducing business costs. As a small business owner in Boston, you may be just as keen as corporate executives to keep costs down, but believe that you don’t have access to resources to help to find ways of reducing expenditure, and feel that you’re on your own.
The U.S. Small Business Administration (SBA) is a government organization dedicated to supporting small businesses to start and develop. The SBA has many useful initiatives for small business owners, including an online training program covering small business start-up, management, finance, and other topics of special interest to entrepreneurs. There is also a local counseling and mentoring program aimed at fostering relationships between small business owners, and established business people who offer advice and support.
One way you can keep business costs in check is by regularly reviewing your business insurance policies. For example, if your business operations have changed since you first purchased business insurance, you may have coverage that is no longer necessary. You might also be wise to shop around for quotes on the policies you need. You might be eligible for discounts if you have a security system installed in your premises, and you might be able to save by having more than one policy with the same insurer.