1. Examine deductibles. Balance your ability to assume smaller losses and the need for insurance coverage for more costly incidents. Significant credits may be available for higher deductibles
2. Ask for detailed breakdowns of fleet automobile premiums. It is possible to segregate physical damage coverage in a number of creative ways, e.g. You could choose not to insure collision on pickups 4 years old or older.
3. Understand how premiums are charged. Property and Equipment is by a rate per $100 of value insured, Liability is most often a rate per $1,000 of gross sales. Check your values and anticipated revenues to ensure that they are correct and that you are not under- or over-insured.
4. Ask for a detailed breakdown and review the scope of coverages with your broker. (i.e. named perils versus all risk forms). What must you protect?
5. Lower liability risk by ensuring safe visitor and workplace conditions.
6. Ask to see the marketing proposal your insurance broker will submit to the underwriters. Ensure that your company information is accurately reflected.
7. Produce an employee orientation manual that includes information on safety and hiring practices as well as outlines your harassment policies.
8. Be aware of the insurance costs associated with doing business in different geographical areas. As you develop expansion plans, consult with your broker.
9. Consider security measures such as automated systems, lighting, patrols, etc.
10. Take steps to prevent company vehicle collisions - conduct vehicle safety inspections, request employees' driving records, promote safe driving practices.
11. Ask you broker about arranging a complete loss prevention survey to identify possible hazards and offer solutions to reduce exposure on a broad range of issues - from injuries and fire to fraud and theft.

- prepared by the Independent Insurance Brokers Association of Alberta

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