How Can Businesses Get Insurance Discounts?

In addition to combining policies together in either a business owners policy or commercial package policy, there are several other ways for businesses to lower their insurance premiums. Insurance companies sometimes offer discounts for:

     ● Paying policy premiums in full

     ● Installing security systems on property and buildings

     ● Requiring drivers to have commercial driver’s licenses

     ● Implementing employees safety programs

     ● Being in business for a minimum amount of time

     ● Remaining claims-free for a certain period

Obviously, the exact discounts that a business can take advantage of depend on what coverages the business is purchasing.

Finding policies through an independent insurance agent can also help businesses save money on the coverages they need. Independent agents are free to compare policies from multiple insurers, finding the policies that offer the best coverage at an affordable price.

Give us a call and see what a family owned business can do for you. Barrows Insurance Agency helps businesses find coverage option that protects you, your family, and personal property along with your business.

From new policies, renewals or claims, we are here every step of the way. See the difference a local agent can provide.

We have two locations to choose from:

Mansfield Office: Ph. (508) 339-7260

Foxboro Office : Ph. (508) 543-1101

Protect Your Home From Mother Nature’s Frenzy!

It’s no surprise that the Pandemic and the Presidential Election dominated the news in 2020, but Mother Nature also had a say. Across the U.S., National disasters left more than $95 billion in damages, with homeowners and businesses bearing the brunt of the cost.

Flooding is the most common natural disaster in the United States. If most of your wealth is tied up in your house, you may be risking financial ruin without having adequate flood insurance coverage. Flood insurance covers losses directly resulting from flooding or flood-related erosion caused by heavy or prolonged rain, snow melt, coastal storm surges, blocked storm drainage systems, levee dam failure and similar events.

Many homeowners have misconceptions of what exactly their insurance policy covers.  For instance, no standard homeowners policy covers flooding.  Homeowners can purchase additional coverage for flood insurance from the Federal Government or a private insurer like Barrows Insurance Agency.

Things to know:

1.    The Government’s National Flood Insurance Program (NFIP) provides up to $250,000 of dwelling coverage and up to $100,000 of contents coverage.

2.    The cost of an NFIP policy varies, depending on the risk, but averages about $700 a year.

3.    A policy from a private insurer averages $1050 a year.

4.    However, a private policy could cost you less than an NFIP policy

Remember, you want to have enough coverage to help you rebuild if your home gets damaged by a flood.  Our specialized agents can help you compare options with flood insurance so when panic sets in, you know you are covered!