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Friday, June 02, 2006

Tips to Lower Premiums


An insurance company bases insurance premiums on the risks involved. The insurance company evaluates the situation to determine the risks, or potential for losses and determines its rates on the results.

The steps to be followed by the business owners are to maintain adequate lighting throughout your business premises. Keep electrical wiring; stairways, carpeting, flooring, elevators and escalators are in good condition. Small amount of cash is kept in the cash register.

Install a sprinkler system, smoke and fire alarms. Have adequate security devices.Keep all the good records of inventory, accounts and equipments purchase details.Ask your employees to have good driving License. Talk to your employees about safety practices.

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