The Role of a Good Commercial Insurance Agent

A good commercial insurance agent over time can become a valued business adviser. Once you have made the decision to purchase coverage from one or more commercial insurance companies, a good insurance agent will not then simply disappear only to send you cards on your birthday or at Christmas time. He or she will be in frequent contact with you, checking on the health of your business, any new major equipment purchases you may have made, real estate purchases or facility additions or construction projects you are pursuing.

With the passage of time and his or her growing familiarity with your business and individual issues and concerns, he or she will come to understand your insurance needs thoroughly and even anticipate them before you do.

Furthermore, in order to keep you as a good customer, he or she will always be on the lookout for ways to save you money on the cost of your commercial insurance. As his or her company issues and offers new business insurance “products,” he or she will keep you informed of these developments and how they may pertain to you and may offer you a better “deal” or better coverage, or even both. A good commercial insurance agent will always be inquisitive, full of penetrating questions about your business, not because he or she is “nosy,” but because it’s part of their job of serving you well and insuring you get “the best and the most” his or her company has to offer.

A good commercial insurance agent will also go beyond the confines of his or her own company’s offerings and stay abreast of insurance industry developments as a whole. He or she will be an expert as well on the coverages, policies and premiums of competitors and know exactly where his or her own company’s offerings fit in in the larger scheme of the commercial insurance industry. He or she will attend regular continuing education courses and seminars to stay up to date on industry and economic trends in the larger economy as a whole. As a result of all of this continuous education and information acquisition, a good commercial insurance agent can be a tremendous resource or “brain trust,” for his clients, one to consult with frequently and as particular needs arise.

Clearly, the relationship between a business owner and a good business insurance agent can be critical to a business’s survival and growth, and should be cultivated, not just by the agent, but also by the business owner as well. There are two sides to every vital and healthy relationship, and this case is no different. The smart business owner will value the input of a good commercial insurance agent and actively seek him or her out, with appreciation, for what he or she can contribute to what they both value highly: the health of the business upon which both of them obviously depend.

Commercial Insurance – Finding the Best (And Cheapest) Policies

The first thing that should come to your mind after the launch of your new business should be to get a cheap commercial insurance. Commercial liability insurance is another name for it.

Look out for companies which give discounts on Commercial Insurance.

The answer to the question, ‘why do I require this kind of insurance?’ is sometimes one does encounter certain damages or losses in business and someone is suppose to pay a partial amount or the full amount to the losses caused by the company’s liabilities which may have end up due to some business deal or by law. This kind of insurance ensures to pay some part of the loss or may be the entire amount in case of legal defense. It is really important to have enough coverage to secure business. If you don’t then the result could be awful and can put you away from your business and this might put danger to all your assets.

Experts will advice you on various types of Insurance.

The insurance company have their own guaranteed standard procedures to find out if you are eligible to get your company insured and for how much amount. So don’t think that now you have applied for this cheap commercial insurance, you will get it in one go. Such commercial insurance companies have their own specification and your company should fall under those classifications. Don’t be surprised to see that you have to pay high premium even if your company has clean record.

One has to be really careful and be sure to get some background work done because your business has to be protected well, just in case you need it. Cheapest insurance companies are not always the best. So don’t forget to do your homework.

Commercial Insurance For Property Managers – Don’t Go to Work Without It

Just like you would never allow a tenant to go without renters insurance, property managers also should never go without commercial insurance.

From protecting the physical property itself to protecting your business from lawsuits to simply ensuring your business income is protected in the event your property must close for a period of time, the right insurance coverage is essential to your bottom line.

But commercial insurance is not a one-size-fits-all product. Depending on what your property is used for, the size of your property and your own risk tolerance, there are a number of different policy options available, including:

  • Building and personal property
  • Business income
  • Inland marine
  • Business auto
  • Crime coverages
  • General liability insurance
  • Internet and e-commerce liability insurance
  • Special events liability & accident insurance
  • Terrorism coverage
  • Environmental impairment liability insurance
  • Umbrella liability insurance
  • Management liability insurance
  • License & permit surety bonds, and
  • Workers compensation

Before choosing your policy, it is important to fully assess your exposures. Arrange an appointment with a commercial insurance specialist who can help you determine the best policy for your needs, as well as manage your insurance requirements over the long haul.

Even if you’re the type of person who skips the extended warranty on your personal purchases, don’t underestimate your business’s commercial insurance needs. A steady rise in real estate lawsuits means an increased need to protect yourself, your business and your property. And the time to protect yourself is before you encounter a problem. Don’t be under-insured! Contact your professional commercial insurance specialist today.