1. Buy a "package" policy.
Sure, you can buy a standalone commercial property policy from one insurer, and then buy another policy, say for Commercial General Liability (CGL) from another, but the fact is if you buy all your business insurance needs from one insurer, you'll likely get the best price.
2. Choose a higher deductible.
A deductible is the amount of a claim that you must cover before your insurer pays the rest. Often people select lower deductibles, so their out-of-pocket expenses are minimal at the time of a claim. But the truth is, the higher your deductibles the lower your insurance premium. So why not select a higher deductible, keeping in mind of course, not to set the deductible so high it will be a financial burden for you to pay the deductible if you happen to have a loss.
3. Ask if there are loss prevention recommendations you can implement that'll lower your premiums.
By implementing workplace safety programs, or installing alarms and sprinklers, your insurer might offer you a lower premium since you are being proactive in lessening the chance you'll submit a claim.
4. Ask about discounts.
If you don't ask about discounts, there's a good chance you'll never hear about them. After all, maybe your membership in your professional association will qualify you for a discount that you didn't even know existed. Or, if you're thinking of expanding into a second location, ask if you'll be eligible for a discount for having two commercial properties insured .
5. Shop around.
Insurance premiums across insurance companies ARE NOT the same. What you might pay with one insurer IS NOT the same as what you would get with another. In fact, each insurer's insurance rates are so unique to them that it's pretty safe to say that no two are alike, so it pays to shop around.
Get quotes online through www.RateElert.com for commercial property and general liability insurance coverage.