1. To make sure you have the proper business insurance coverage, look around and consider what your business couldn't survive without. Identify the possible property, net income, legal liability and personnel losses that would impair the income or existence of the business.
   
   
2. The premiums you pay for business insurance are a tax deductible business expense. Losses are tax deductible too.
   
   
3. Seek proposals from other agents or insurers every two or three years to ensure that your insurer's services and prices are competitive -- just keep in mind that it's not in your interest to switch insurers frequently.

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