• Decide what perils to insure against, and how much loss you might suffer from each
• Cover your largest potential for loss first
• Use as high a deductible as you can afford
• Avoid duplicating your insurance
• Buy in as large a unit as possible.

Packaged policies are often designed with small businesses in mind, and often they are the best way to get adequate protection.

Review your insurance program periodically To make sure you still have adequate coverage and that your premiums are as low as possible but still consistent with sound protection.

• Write down a concise statement of what you expect your insurance program to do for your company.
• If an employee or partner is responsible for your insurance program, be sure he or she understands the responsibility.
• Do every thing possible to prevent or reduce losses.
• Don't withhold important information from your insurance agent about your business and its exposure to loss.
• Don't try so save money by under insuring. If the possibility of loss is small the premium will also be small.
• Maintain complete records of all your insurance policies, premiums paid, losses and loss recoveries. This information may help you get better coverage at a lower cost in the future.
• Have your property appraised periodically by independent appraisers. With this information, you will be better able to prove what your actual losses are if they should occur.