In a previous I&P article, ISM detailed how to reduce the insurance costs of employee benefits. This article provides recommendations for cutting the costs of property and casualty insurance. One way of reducing property and casualty coverage expense is to look at possible areas of change that may apply consistently through all lines of coverage. These include actions such as increasing your deductible or retention (the amount of risk you retain). While there may be an opportunity to save money here (i.e., you take on more potential risk for the known reward of premium savings), do not increase the amount of risk you retain past what the school can realistically afford!