Cutting the Cost of Business Insurance: What You Can Actually Do About It

Rising insurance costs don't have to be a given. Learn practical ways to reduce premiums, avoid paying for unnecessary cover, negotiate more effectively with brokers, and use AI tools to review policies and uncover savings. Leave with a simple checklist to help lower costs at your next renewal. In this workshop, you will learn: • How the insurance industry works - quick explainer • Why is my bill so high? A quick look at what’s actually drives up premiums. • The "Goldilocks" Zone: How to make sure you aren't under-insured (risky) or over-insured (wasteful). • Ditching the junk: Identifying the extra coverages you probably don't need. • How to talk to your broker: Specific questions to ask and data to provide to get a better deal. • Clean up your act: Simple changes to your business that make you cheaper to insure. • Claims without the headache: How to handle a claim so it doesn't blow out next year's costs. Presented by David Grainger - Founder, LUMA Insurance Luma, a Merri-bek-based business, helps small and mid-sized business owners stop overpaying for their insurance. We strip away the jargon and show business owners exactly how to find the right cover without the unnecessary "fluff" that drives up premiums. We coach businesses on how to understand how insurance premiums work and manage their risks so they can keep more money in their pocket.