As far as your general business insurance coverage, make sure you review your insurance policy. Do not obligate your business to a contract unless you have read the particulars. Have you ever called your broker simply to hear a bunch of dead air? If you experience these problems, then make sure and notify the agent’s supervisor.
No one enjoys being blown off by someone who is preoccupied doing additional tasks while they are supposed to be paying attention to you, especially when you’re paying that person for his services. One needs to certainly determine who to speak to in the event you might need to file a claim. You might consider appointing a principal member of your staff who is the one to call your insurance agent.
Invariably, you should award a bonus to your workers might they be able to keep the amount of claims filed to a minimum. Your policy must provide for disability, life insurance, health insurance, liability, property insurance and possibly you need business automobile insurance. Ensure that every bit of communication with your insurer will be of the written kind, as you may need to provide proof of something in the future.
It is always a good idea to have proof of your communication with your insurance agent. This way, many possible legal errors can be avoided. Following are a few tips to assist in dealing with your insurance agency: Read the fine print of all small business insurance! Don’t allow the agent simply interpret it for you. Study it for yourself. If you have any questions and/or concerns, ask the agent to address them for you!
Don’t agree to anything which can’t be put to paper in the policy. Business insurance agencies require the employees to record most everything, up to and including phone calls and/or meetings in person.
Do not insinuate you’re going to cancel your policy. Should you find you are not receiving what you pay for, you should simply cancel the policy.
Be sure and establish a rapport between you and your broker. A good relationship can come in handy if the time presents itself to call upon his or her services. You will want to have your broker on your side so he will fight in case the need ever arises.
