Getting Bang for your Buck for Insurance during Tough Financial Times | Blog | Vargas & Vargas Insurance

duda
Black calendar icon with a small square date marker

When times are tough, business does it tough too, as everyone tries to keep spending to a minimum and stretch what funds they have that much further. As a small business owner, you might be struggling to find ways to cut down on expenses, but don’t be tempted to lower your Massachusetts small business insurance coverage – that could be a false economy.

There may be ways you can consolidate your policies, if you have a range of different ones for specific types of coverage. It might be possible, for instance, to change over to a business owner’s policy (BOP) as that combines a few different types of coverage within the one policy, so you only have a single premium. Then you might be able to manage with just a couple of other policies to manage any other risks your business might face.

A Massachusetts small business insurance agent may be your best source of assistance during tough times. He or she is well placed to be able to provide you with information on the latest insurance products and may be able to suggest ways that you can restructure your insurance so you get the best possible value for your money. An insurance agent may also be able to suggest things you can do with your business practice that could attract some discounts on your premiums. Before things start to feel too unmanageable, call our office and make a time to meet with one of our agents to discuss your business insurance requirements.

*

About the Author

Carlos Vargas

Carlos Vargas

Carlos Vargas is the Founder and President of Vargas & Vargas Insurance Agency. He began his career in 1980 as a captive agent for a large national insurance company, but chose to become an independent insurance broker so he could offer clients better coverage options and more competitive products.


With 46 years of experience, Carlos believes strongly in the value of relationships and helping clients understand their insurance so they can make better decisions. In addition to leading the agency's vision and strategy, Carlos is deeply committed to community engagement and educating the public about insurance.


Outside of work, Carlos enjoys spending time with his wife, their sons and their families, and friends.

+ Reviews
Barbara Y.

Patricia

Michele O.

Frieda S.

Melinda H.

Jim S.

Alexa T.

Richard M.

Reggie B.

Antonio B.

Melanie F.

Esther G.

Colleen H.

Our Services

More Articles


Man smiling and waving beside text asking, “You sold your car, what should you do with license plates?”
By duda March 6, 2023
In Massachusetts, all drivers are required to register their vehicles and purchase compulsory auto insurance coverage. To ensure that drivers comply with state insurance laws, drivers must turn in their license plates before canceling their auto insurance policy. And if you are transferring your Vehicle’s ownership, it is your responsibility to properly register and insure the car before driving on state roads. Leaving your license plate on the car could make you liable for the actions of another driver.
By duda March 4, 2023
A personal umbrella policy provides additional liability protection beyond the liability limits that you now carry on your home, renters, or condo insurance and auto insurance. If you are sued and exhaust your existing liability coverage, the umbrella policy will take care of the remainder up to the limit you selected.