When it comes to arranging your business insurance each year it can be quite a time-consuming task. Listing your details, answering questions about your business and then having to rinse and repeat with every broker or insurer you speak to amounts to a lot of your time being consumed. Your time, just like anyone's has a value and more often than not could be better spent obtaining new business, it's no wonder many business owners often just accept a quote after only speaking to one or two brokerages.

No one enjoys having to pay more for goods and services, however, prices do occasionally go up or just stay static even when we expect them to be reduced. You might think that those that are selling those goods and services enjoy raising their prices it must mean they are getting more profits, right? Sometimes that is the case but most often it's not, I don't know too many business owners who enjoy raising their prices just so they can make ends meet, but we all have to do it at some point.