To keep business insurance costs low, play it safe

By Brent Kiyota

POSTED: 01:30 a.m. HST, Aug 07, 2011

~~Q: What can Hawaii businesses do to lower their insurance premiums?
A: For larger businesses, ask for high property deductibles and medical deductibles for workers' compensation. Otherwise, there really is no magic bullet when it comes to lowering insurance premiums. Run a tight ship, get a good insurance agent and foster a culture of safety at work. Doesn't matter if the business is a one-person show or a large multinational corporation, it all boils down to limiting losses. Fewer claims usually mean lower premiums.
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Q: What can Hawaii businesses do to lower their insurance premiums?

A: For larger businesses, ask for high property deductibles and medical deductibles for workers' compensation. Otherwise, there really is no magic bullet when it comes to lowering insurance premiums. Run a tight ship, get a good insurance agent and foster a culture of safety at work. Doesn't matter if the business is a one-person show or a large multinational corporation, it all boils down to limiting losses. Fewer claims usually mean lower premiums. Login for more...