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How Deductibles Work

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How deductibles work

The deductible on your business insurance is the amount you pay towards repairs or replacement in case of damage or theft.

If you choose a higher deductible in return for a lower premium, it saves you money. The tradeoff, however, is the risk of having to make a claim and pay the higher deductible amount.

Talk to your broker about the right insurance coverage and deductible amount for your business.

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