Headquarters Insurance certainly would not be first to remark on the state of the economy, but let's be blunt: We are all striving more than ever to cut back expenses and store up a little safety net in our finances. So how can we look at our insurance policies and their premiums as a valid and viable use of money?

Florida business owners are looking to cut coverages out their insurance policies as a means of saving some money. We try to offer the same advice across the board: yes, many actions may be taken to reduce a premium, but big changes to a Florida insurance policy can put your business at risk in the event of a claim.

Consider the business with that decides to double their deductible to save $200 a year – the savings are hardly worth it if they can't afford to pay for damages if or when they come. It may be the cheapest insurance in Florida, but would you protect your home with the cheapest security system? Or would you trust your child on the road with the cheapest brakes system?