DO

• Increase your deductible or self-insured retention. You will not be covered for smaller claims, but will maintain coverage for larger claims that could adversely affect your business. The higher the deductible, the lower the premium. Talk with your agent or broker to find the right ratio for you.

DON’T

• Eliminate or reduce needed coverages. Many insureds are tempted to reduce coverage amounts or eliminate necessary coverages to save money. You should avoid minimal up-front cost savings that reduce or eliminate coverages for large losses. In tight economic times, having the right coverage for your risks becomes even more important. In good economic times, you may be able to recover from even a large uninsured loss. In bad times, it is much more difficult to overcome large losses. Make sure that you are covered for the large loss exposures.