Business insurance
Deductible
The amount you pay out of pocket on a covered claim before the insurer pays the rest. A higher deductible usually lowers the premium.
A deductible is the amount you pay out of pocket on a covered claim before the insurer pays the rest. A higher deductible usually lowers your premium, and the reverse.
Choosing a deductible balances monthly cost against what you could absorb if a claim hits. Where a license or contract sets coverage minimums, the deductible is the lever you still control on price.
Related terms
Where this comes up
Deductible is one piece of getting and keeping a business licensed. We handle the filings, bonds, and renewals that surround it across every state where you operate.