How to Get Insurance for Your Business Without Overspending

Business insurance is an absolute necessity. You will need business insurance when setting up your business so that you are covered in any instance of damage or theft. There are very many insurance deals available to businesses designed entirely to insulate and protect your business and to ensure your companies longevity, you must have insurance in place.

There are a number of steps to take to reduce your insurance cost, and this page will seek to tell you about all of them. Saving money when getting insurance is very important, especially to fledgling businesses, as insurance premiums can be very expensive if not chosen carefully and thoughtfully.

Here is how you can get insurance for your business without overspending on costly premiums.

Do Not Over Insure Your Business

It is important that you are very accurate in your estimations when taking out business insurance. You may have in the past had trouble working out how to properly value your business, but by deciding to visit this site, that will no longer be the case. By using receipts, work out the cost of every single item in your business and insure your business accurately – guesstimating can cost you a lot of money, and can hike up your payments significantly. If you cannot find receipts, use a contents calculator to figure it out.

The same point can be made for your building insurance. You need only insure for rebuilding your property, which will be significantly less than the price you initially paid for the building itself – as you would've been buying the land, also.

Raise Your Excess

Paying a higher excess on your insurance claim will more often than not get you a discount from your insurance provider. It is important to mention, however, that by having a higher excess will mean a higher cost in the event of any unforeseen claims having to be made in the future.

Find a Separate Provider

If you have taken out a mortgage to buy your business, do not just take insurance out with the mortgage provider simply because they are convenient. If you shop comparatively, you are likely to find much cheaper and more economic deals, suited more to your business. The same goes for your building insurance, as was mentioned previously.

Explore Your Cover Options

Business owners ordinarily opt for building and content insurance with the same provider – this may seem like the easiest and cheapest option – however, you can likely find a better deal if you shop around. The only downside to this is that in the future you will have separate renewals to manage, which can become very irritating, and quite annoying. But notwithstanding its convenience, a lower price is always better.

It is very important that when you are searching for an insurance provider that you find the one that has the most economic price. Insurance providers come in many shapes and sizes, and the costs vary. Shopping comparatively is the best way to ensure that you save as much money as possible.

Insurance comparing websites can be your best friend in these circumstances, as they will be able to tell you exactly which insurance provider can offer you the cheapest insurance. Rather than paying ridiculous amounts of money for insurance, get a cheap policy. No business owner needs to be paying huge insurance costs as well as everything else that goes into running a business.

Only Take Out the Cover You Need

You should only take out the cover that you need to reduce the cost of your monthly payments. You get what you pay for when it comes to insurance policies, and by having an excessive cover, you will just cost yourself more money in the long run. Be realistic with cover, do not underinsure, but try to save yourself as much money as you possibly can.

Build Your No-Claims

Building your no-claims discount can save you a lot of money in the long run. You will earn a no-claims discount on your policy by making, well, no claims! No-claims will result in lower insurance premiums. If you have a history of making claims, this may also result in a higher insurance premium, which of course nobody wants.

Pay Yearly Instead of Monthly

Paying monthly insurance installments is far more convenient but can cost much more money in the long run. Insurers will charge more money for monthly installments, which is why you should always pay yearly instead. Monthly payments will also be subject to an admin fee.

Now you know a few ways to reduce the cost of your business insurance. Business insurance is an absolute must-have and can protect you from anything that could be potentially damaging to your business.

Insurance can be a great benefit and can be a way to guarantee that you are covered in case of an emergency. We never know what the future holds, and potential ruin is just waiting around the corner. Insurance ensures you are protected and need not worry about your business failing because of disaster.

5 min read

Lessons Learned and the Power of Turning 50

Except for 16, I have celebrated all of my milestone birthdays in New York City.

I turned 16 in Arnold, Missouri. Arnold is a small town (though not small anymore) 20 miles south of St. Louis. St. Louis is known for the Gateway Arch, a beautiful arch of shiny stainless steel, built by the National Parks Service in 1935 to commemorate Thomas Jefferson's vision of a transcontinental U.S. St. Louis is also known for its custard, a frozen dessert that is so thick, they hand it to you upside down with a spoon inside. Something else about St. Louis you should know is that there is a courthouse just steps from the base of the Gateway Arch where one of the most important cases in history was tried: Dred Scott v. Sanford.

I'm turning 50 during what I define as a miraculous time to be alive.

Mr. Scott was born into enslavement around 1799 and, in 1830, was sold to a military surgeon who traveled back and forth between his military posts in Illinois and Wisconsin, where slavery was prohibited under the Missouri Compromise of 1820. In 1842 the doctor and Mr. Scott both married, and they, all four, returned to St. Louis. Still enslaved, Dred Scott filed a lawsuit against the doctor's wife for his and his wife Harriet's freedom. We don't know exactly why he chose this moment in time to file a lawsuit, however, he did. At the time of filing his, now, famous lawsuit, he was 50 years old. Ultimately, The Scott family did not gain their freedom, but their profound courage in filling this case helped ignite the Civil War and what we would come to know (or think we know) as freedom from enslavement for all human beings. Powerful then and even more powerful now.

My next milestone was turning 21, and I did it in the Big Apple. Having only moved to "the city that never sleeps" a few months prior, I knew nobody except my new friends, the bus-boys from the restaurant I was working at, Patzo's on the Upper West Side. And, yes, pazzo is actually the correct spelling of the Italian word, which translates to "crazy." Trust me we all had several laughs about the misspelling and the definition going hand in hand. I worked a full shift, closing out at around 11 PM, when, my kitchen team came out from the line with a cake singing, "Cumpleaños Feliz." It was fantastic. And the kindness of these almost-strangers was a powerful reminder of connection then as it still is today almost 29 years later.

I design the life I desire and the Universe creates it for me every day. I show up, keep the story moving, and work hard because I am relentlessly devoted to making the world a better place and this is how I choose to leave my legacy.

When I turned 30, I had just finished a European tour with Lucinda Childs dance company. The company had been on tour for months together and were inseparable. We traveled through Paris, Vienna, Lisbon, and Rome. We ate together, we rode on a bus together, we had drinks after shows together, and we even took turns giving company class to get warmed up before a show. It was deeply meaningful and dreamy. We ended the tour back in New York City at BAM, The Brooklyn Academy of Music. It was an incredible way to end the tour, by being on our home court, not to mention I was having an important birthday at the culmination of this already incredible experience.

So, when I invited everyone to join me at Chelsea Pier's Sky Rink to ice skate in late August, I was schooled really quickly that "tour" does not mean you are friends in real life, it means you are tour friends. When the tour ends, so does the relationship. I skated a few laps and then went home. This was a beautiful lesson learned about who your real friends are; it was powerful then as it is today.

Turning 40 was a completely different experience. I was in a serious relationship with my now-husband, Joe. I had just come off of a successful one-woman dance show that I produced, choreographed, and danced in, I had just choreographed a feature film, John Turturro's Romance and Cigarettes, with A-list actors, including Kate Winslet and James Gandolfini, who became a dear friend and had even been on the red carpet with Susan Sarandon at the Venice Film Festival for the movie a year earlier.

And I encourage all women to identify their power and choose to be fully in your power at any age.

This was a very special birthday, and I had, in those 10 years between 30 and 40, come to cultivate very real friendships with some wonderful colleagues. We all celebrated at a local Italian restaurant, Etcetera Etcetera (who is delivering for those of you in NYC — we order weekly to support them during COVID), a staple in the theater district. Joe and I were (and are) regulars and, of course, wanted to celebrate my 40th with our restaurant family and friends. We were upstairs in the private room, and it was really lovely. Many of those in attendance are no longer with us, including Joe's Dad, Bob Ricci, and my dear friend Jim Gandolfini having transitioned to the other side. Currently, that restaurant is holding on by a thread of loving neighbors and regulars like us. Life is precious. Powerful then and today even more so.

I write this article because I'm turning 50, still in New York City. However, I'm turning 50 during what I define as a miraculous time to be alive. And I could not be more filled with hope, love, possibility, and power. This year has included an impeachment hearing, a global pandemic, and global protests that are finally giving a larger platform to the Black Lives Matter movement. Being able to fully embody who I am as a woman, a 50-year-old woman who is living fully in purpose, takes the cake, the rink, and the party.

I'm making movies about conversations around race. I've been happily married for 11 years to the love of my life, Joe Ricci. I'm amplifying and elevating the voices of those who have not previously had a platform for speaking out. I choose who to spend time with and how long! I design the life I desire and the Universe creates it for me every day. I show up, keep the story moving, and work hard because I am relentlessly devoted to making the world a better place and this is how I choose to leave my legacy. Being 50 is one of the most amazing things I ever thought I could experience. And I encourage all women to identify their power and choose to be fully in your power at any age. I'm 50 and powerful. Dred Scott was 50 and powerful. This powerful lesson is for today and tomorrow. We have the power. No matter what age you are, I invite you to use your powerful voice to join me in making the world a better place.