Keep it simple. Looking for more credits? If you haven't already done so, install burglar alarms, fire extinguishers, smoke alarms, and fire doors. Or even simple changes, such as keeping duplicate records off-site, can result in premium savings. But before beginning any major work, you should compare the costs involved with potential savings.

Change with the times. Whether it's growth or restructuring, make sure your insurance provider is kept abreast of any major changes in your business that may affect your insurance needs.

Here are some other ideas that may help you cut costs: