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Safety and insurance costs

Question
Can a safety plan help a small business keep insurance premiums down? 
Answer
Yes, a safety plan is a simple way to help keep premiums down for at least two reasons:

1. Some insurance providers may provide a discount is you have a safety plan and can demonstrate that it is being executed.

2. Having a safety plan that is executed and followed should reduce claims, which will provide a better insurability record to underwriters and should have a positive impact on rates 
Brain Trust contributor: Author of J.K. Lasser's Small Business Taxes 2007
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