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Ups & Downs

Get your insurance rates on the same track as the economy.
February 1, 2002

It's a double-whammy: As you struggle with the economic slowdown, insurance rates are climbing. "We predict commercial rates will go up between 10 and 30 percent [this year]," says Carolyn Gorman, vice president of the Insurance Information Institute. Now's a good time to review your coverage and employ strategies to get the best rates. Gorman offers the following tips:

Gorman recommends talking candidly with your agent to come up with a plan you can afford and that will still protect your operation.

Jacquelyn Lynn is a freelance business writer in Orlando, Florida.

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