How To Build A Good Relationship With Your Insurance Company
Commercial insurance is about developing relationships between the insurance company and the customer, or business. The more your insurance company knows and understands your risk, the lower your premium will likely be. Unlike personal insurance, commercial insurance premiums are developed using some level of individual judgment on the part of the underwriter. Underwriters can debit your premiums by 25% in most cases. They can also credit your premiums by 25%. That is a 50% swing in premium that is at the discretion of the underwriter.
We have found a number of key strategies that you can utilize to help you get the attention you deserve. These may not be necessary for every business. The larger the premium, the more of these you may want to consider.
- Have a comprehensive safety program and provide an outline of that program.
- Know where your losses are occurring and have a plan to address them.
- Use an agent who can put together a complete and quality proposal.
- Create a short profile of your firm. The profile should include a sales and marketing plan, the firm’s mission statement, goals and objectives, history, organizational chart, key employees, agency marketing materials, and top 10 classes of business.
- Be open and honest about your operations.
At Roussel Insurance we strive for trust and reliability with our clients. Through our 32 years in the insurance business, we have learned to achieve immediate and sustainable cost savings for businesses and individuals. We can help find you the right insurance options, so that no matter what your budget is we can minimize you’re spending and easily meet your needs. To learn more about us and what we offer, make sure you browse through our personal and business services. Lastly, do not miss our blog page! All our blogs are informative, so we can help make insurance more understandable.
This information is intended for the client, individual or entity to which it is addressed. These articles contain concepts and opinions, and are not intended to represent the consensus of the insurance or risk community, nor to provide professional legal or tax advice. Please seek professional legal or tax counsel before making any decisions. The information provided does not change or modify any insurance policy, only the actual terms of the in-force policies will govern claim settlements.