2) Take advantage of group rates by purchasing your business insurance through a business or professional organization.Many different business organizations, such as Chambers of Commerce and the CFIB, offer insurance plans and/or discounts on business insurance to their members. The bigger the group, the more diffuse the risk and the lower the insurance rates are. You will have to pay to become a member of the group or association, of course, but you could still end up saving money compared to the cost of purchasing the same kind of business insurance the group offers on your own.3) Lower your liability risk as much as possible.Talk to your insurance agent or broker to find out what you could do to lower your business insurance cost. Would installing a security system reduce your business insurance premiums, for instance?Are you offering particular products or services that are increasing the risk of insuring your business from the insurer's point of view? By eliminating these "risky" products, you could dramatically lower your premiums.4) Shop your premiums with multiple markets. Find and independent agent representing several markets. The more options, the higher likelyhood to save.5) Develop a formal safety program. Turn this over to the insurance company for a reduction in your company premium. Any type of safety program/meetings you and your company can put together will help.