Brokers ignore their clients evolving business coverage needs, more often than not. Insurance is sold on a transactional subscription basis rather than a critical element of an evolving entity.
Truth is Commercial Insurance Coverage must be evaluated during business planning. Its a critical part of the business, if not for its own sake, for the sake of external stakeholders like creditors, clients and suppliers. Staff and Owners need to embrace insurance as a critical element that allows them to operate with greater freedom, acknowledging the risks of growth are shared or transferred.
What are you covered for, is it enough... are you over insured? Was there any change to your insurance "experience" in the past 12 months. How can you be sure. What's the best premium rate for your coverage... Why not shop around? If you grow are you covered?
As your business grows, so do the value and risk of your contracts. Are your suppliers covered, do the subcontractors, integrated partners, and clients all carry required coverage to support the risk to you?
Surety Bonding on all contracts is becoming the norm at lower levels. The credibility of a business to have a bonding facility ( to be bondable - Good for their word) is absolutely necessary today. In construction, transportation, hospitality, manufacturing, trades, and various professional services Bonds have become a quiet necessity. Ever wonder where the good work is? Get bonded and you'll soon find out. Surety bonding is the number growth hint for services companies to make the evolutionary step.
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About Time Risk and Retirement Consulting is a Registered Trade Name for the Licensed services offered by Paul Dwyer BA CHS RRC or as 2165946AB Ltd. a Paul Dwyer Company.
Life Insurance license sponsored by
Global Insurance Services Inc
Accident & Sickness Insurance License sponsored by
Global Insurance Services Inc.
General Property & Casualty Insurance License sponsored by
Riverside General Insurance Services Inc
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Consider the Advice and Guidance carefully. Investment advice should only be offered by licensed professionals in their permitted jurisdiction.