Higher Excess vs. Higher Premium in Business Insurance

Beneficialinsurance26 Sep, 2024Business

Running a business comes with various risks, and securing business insurance is one of the key ways to protect your company from unforeseen challenges. However, when selecting a policy, business owners often find themselves in a dilemma: should they opt for a higher excess (deductible) or a higher premium? Both choices come with their own advantages and trade-offs, and the right decision will depend on your specific business needs. As you evaluate your options, it?s crucial to make informed decisions, particularly if you?re searching for a reliable insurance company in Calgary.