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Business News- Protecting Your Business with Appropriate Business Insurance
Business Insurance- Tips with Dealing with Your Business Insurance Company
September 9, 2009 — When taking out a business insurance policy, there are some things you need to make sure of to completely understand your policy and to make sure that you have all the coverage that business requires. Make sure that you read your entire policy prior to signing your name and agreeing to it. It is important that you know the entire policy before you sign.
When having other employees deal with your insurance, make sure they are properly trained and have all pertinent information about your policy. Make sure they know exactly who to contact to discuss your insurance. Your employees that help you in keeping the costs of your insurance to a minimum should receive something in return from you. This will show them how much it is appreciated and will help to assure that they continue with your best interests in tact.
The training you provide should cover all aspects of your business insurance including, property, casualty, health, disability, life insurance, and workers compensation. Make sure that the employee dealing with the company types out a detailed letter stating what the conversation was about and how things ended up. With the proper information, you are more prepared if a claim needs to be filed. You have back up showing your conversations with the insurance company and dates, which can help a lot if the insurance company decides to send your claim to the legal department to try to get out of paying.
When you enter into a policy for your business insurance, it is imperative that all details within the policy are correct and what you want. If something is not correct, do not sign. Wait until an updated policy has been drawn up. If you sign the other, you are bound to it and could cause complications down the road if a claim arises. When deciding on an insurance agency, make sure you will have one individual that will handle your business’s insurance needs. This will help you out when you need to talk to someone about your insurance. If there are multiple individuals that deal with your account, you run the risk of complications associated with misunderstanding or not letting the others know what is going on with your account. This can lead to a lot of issues if something is not documented within your account information. It is best to always deal with your agent in writing so you have a document to support your conversations.


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