Commercial insurance is a cost that is an inevitable part of running a small business. Many business owners look at it as a type of tax that is just part of being in business. Many of these same business owners think negotiating for a lower premium is not worth their time because the coverages are all very similar. This could not be farther from the truth.

There are several things related to your commercial insurance policies that can drastically affect what your business pays for premium. Here are 5 factors that can help your business save when purchasing commercial insurance.

Know the difference between General and Professional Liability

General Liability Insurance is the most basic type of liability coverage any business can secure to protect their business.…