When it comes to your business insurance policy coverage, ensure you check your insurance contract. Don’t sign the forms before you study the particulars. Did you ever call your broker just to listen to a bunch of clatter and noise? Should you find that you have these types of problems, then make sure and notify the agent’s boss.
No one enjoys being blown off by an agent busy with other things while they are supposed to be providing you his or her undivided attention, particularly while you are paying the broker for his or her assistance. One needs to certainly establish who to speak to in the event you might need to file a claim. You should also consider appointing a key member of your staff who is the main person to call your insurance agent.
Always grant some sort of additional compensation to the workers might they be able to hold down the number of claims filed. The policy should provide for disability, life insurance, health coverage, liability, physical damage coverage and maybe you require business auto insurance. Make sure that every bit of communication with the broker is in written form, as you might have cause to prove something down the road.
It’s always a good idea to have proof of your communication between you and the insurance agent. If you are diligent about this, a lot of possible legal errors can be prevented. Following are a few tips to help you deal with your broker: Read all small details of all small business insurance plans! Do not let your agent just interpret it for you. Read the contract yourself. Should you have questions, ask for answers!
Do not make any agreements that cannot be put to paper within your contract. Business insurance brokers call for the employees to record most everything, even phone calls and/or meetings in person.
Don’t intimate you are going to stop the coverage. If you feel you’re not getting what you pay for, you should simply cancel your coverage.
Be sure and establish a rapport between you and the agent. This can help when it comes time to request his services. You will want to have the broker in your corner so he can go to bat for you if the situation arises.