COVID relief - How to reduce current business liability premiums now
Most businesses have now re-opened or resumed full operations following State and Federal health directives. But, pre-COVID income may be slow to return to normal levels.
So, now is the time for business owners who had significant reductions in gross sales or payroll to calculate their losses and adjust their estimates for their liability insurance for the current policy term. The lower estimated sales or payroll may change your estimated liability premium for the year and provide a premium credit on your account.Remember, your final premium will be determined at the policy year-end audit.
The content of FAQ articles are general in nature and are not intended as a substitute for professional legal, financial, or insurance counsel for individuals. Insurance coverage forms vary by issuing company and by state. For specific advice contact us.
American Insurance is an independent insurance agency with offices in Lewiston and Moscow, Idaho.