Most small businesses do not have the luxury of having a board of directors; in many cases, they don’t have any employees either.
Whether you’re just starting out or have a small business, you have access to advisors who can help you manage and grow your business. Your accountant, your banker, your attorney, and your commercial insurance agent are key individuals you should rely on as you grow your business.
In past articles, we have talked about the minimum requirements of how your commercial insurance agent should be working with you. We’ve discussed doing annual reviews, initial visits, and interviews.
Trusted Advisor Relationship
Let’s take a look at what a trusted advisor relationship would look like when working with your commercial insurance agent.
- First- it makes perfect sense to have a "team" meeting. Invite those professionals working with you to meet and get to know each other.
- Second- set up a schedule to meet individually. Depending on your business, you can determine the frequency; we’ll focus now on just your relationship with your commercial agent.
You may be thinking, why my agent? It’s simple really. Who has the knowledge of risk and exposure you face as your business grows? Who needs to be there in the event you have to file a claim? Things you take for granted your commercial agent needs to know.
Here is a short list of basic changes that can be discussed with your commercial insurance advisor:
- The hiring/firing of an employee
- Commercial Vehicle Insurance
- Upgrading or purchasing new equipment
- An accident or a loss
- Installing an alarm system
- Upgrades to your storefront, office, or building
- New products
- A special event onsite/offsite
These are just a few areas where having a high-level relationship with your licensed insurance professional will help you protect and build your business.
Get a Quote
Let us help you protect your business and keep your mind at ease. At CommercialInsurance.Net, our goal is to help you protect your business as efficiently as possible. To get a competitive insurance quote it is fast and easy, enter your zip code above and click “Get Quote.” One of our specialists will contact you soon.
This insurance purchase for my business was the most seamless phone encounter I have ever had in any phone purchase process bar none. Information was requested once and moved smoothly from one person to the next as we moved thru the purchase. Each person I dealt with was friendly, professional, and focused on determining my needs and the best way to match me up with the solution.
5 STAR. Matched our company with the perfect insurance company! Customer Service OUTSTANDING!
I had to renew plow insurance. Let’s just say it isn’t easy, so many strings attached. But Commercial Insurance stepped in and helped me out. They found a policy that would work. Thanks guys!