Let’s start by asking one simple question. “Are you one of those business owners that have always thought that getting business insurance is a pretty simple deal?” After all, you need certain policies to cover certain risks in your business. So, you talk to a few insurance agents, you find out what each one has to offer and you go with the cheapest price.
Ahh, if it was only that simple. You wouldn’t even need to talk to an insurance agent. Today, you just go online, find a place that looks good and tell them what you want. After all, who knows what’s best for your company if you don’t? If that’s your outlook, you are not alone. As a matter of fact, that is exactly how many business owners feel! There are a few problems with this approach and this is where MrInsurability comes in. Let’s take a look at some of them now.
First of all, as a business owner you will certainly have your own ideas on which kind of business insurance is most important for your company. You may want to look at liability coverage first or you might think it’s better to lock down your property insurance first. Maybe you have a number of policies already in place and you want to just get a cheaper price for what you already have.
All of these choices sound right and make perfect sense. Unfortunately, they are also all wrong. Without a doubt, the most important thing to get covered immediately is “Risk”. Every business faces some type of risk and risk evolves, as the current ones change and new ones arise. Unless you consider all of your business risks first, you are sure to overlook something and that opens the door to trouble, maybe disaster!
Now that we’ve determined that risk management is of the utmost importance, what risks are you facing in your business? Since it’s your business, you are the one who would know best. You can easily point out potential risks to things like your buildings or equipment. BUT is that really all that there is to it?
What about the risks to your reputation? Have you ever thought about the risks of theft via computer, such as data breach, identity theft and the like? These are the kinds of things that can cause the closing of a business almost overnight and many times your insurance professional is the only one who is even aware that these potential disasters exist.
Although they may be non-tangible, these risks are very real and if you don’t identify the correct business insurance coverage or preventative measures, your company could be severely or permanently damaged.
These are just two of the examples of insurance issues that are best dealt with by an independent insurance professional. Even though you may feel that you are the only person qualified to manage your company’s risks, you may be sure that there are many risks out there that you aren’t even aware of. It is the job of your independent insurance specialist to know all about those risks, as well as how to best protect you and your company from them!
At this point you may be asking yourself how we are able to know this information about your particular business and be able to secure you just the right protection. That’s the easy part. The first thing we do is to listen to you and what you have to say.
Then we do our research and come up with solutions to improve or certainly minimize your business risks. We then become your representative to the insurance marketplace, seeking out the best and most appropriate coverage for your business, at the most affordable prices possible.
After we have secured the best possible coverage for your business, that your budget will allow, we help you set-up a plan, using your insurance, which is customized to successfully and affordably manage your company’s risk from that day on.
This may seem to be a different approach to risk management then what you are used to. You’d be right! In the past you may have made a few phone calls to a few insurance agents and told them what you wanted. They get back to you with their prices and they each hope to be the cheapest.
When you get your responses, you receive a number of papers, but all that is ever really mentioned are the coverage limits and the premiums for each. You see what you like and you take it. There is really very little mention of the actual coverage included, until disaster strikes and then it may be too late!
We take a very different approach. We like to think of it as being your partner that helps you handle your risk management and doesn’t even get a cut of the profits! Now, in order to successfully accomplish this, we are still going to have to bug you for some paperwork, facts and figures, etc. We know it can be a big pain, but there is a reason for all of that research. We want you to get the best possible coverage at the best possible price!
Since you, as a business owner, are busy running your company, you may have never seen into the backroom of the insurance business. We may be your independent insurance agent, but as much as you think of us as a salesman, the insurance carriers think of us as that same salesperson. The big difference is that you may see 3 or 4 salespersons a day, while the insurance underwriters have 100’s of applications waiting on their desk every day.
How they determine who gets the best coverage and the best price can be a crap-shoot! That’s why, as your representative, to that carrier, we have to present them with the best package that we can. Certainly we have to give them the required information, but it goes a lot farther than that.
We have to show them why you are a great risk and why you deserve the best possible deal. If we present a great package to them, they in turn can show their bosses just how smart they are, insuring your great company with its great risk factors and why you were worthy of such great prices as well.
We have built a reputation on delivering the right package for our clients and for bringing the carriers that we do business with, the best possible risks. You can rest assured that we will represent you in just the right way, protecting your greatest asset, leaving you the time to do what you do best, running your business!
You may wonder why we do things the way we do. It is quite different from many of the other agencies out there and at the start it is a little more time consuming for us. I guess that you could say there are a couple of reasons.
The first reason is that we really do like what we do. We love risk management. It’s both exciting and challenging, but most of all, rewarding. You may have heard the saying that if you love your job, then you’ll never work a day in your life! Secondly, most insurance agents think of insurance as a product that they have to sell. We think of it as a solution to a problem and who doesn’t like to solve a problem. I guess third would be that people typically don’t like salesmen. They are thought of as pushy and often times a nuisance.
We are not salesmen, because quite simply, we don’t sell you anything. We provide solutions to problems that you have. Look at it this way. Insurance is something that you have to have. We all know that. So, we find out what you need, find the best coverage available to meet your needs and try to get the best price for that coverage. We don’t sell you anything. We provide you with something that you have to have and we make every effort possible to get you the highest quality for the price that you can afford.
We want you to be our client and also our friend. We want to build lasting relationships. Next year when your policy needs to be renewed, we want you to renew it, not go out and see if you can get cheaper prices from someone else.
Why would you just renew and not hope for a better deal elsewhere? That’s easy, because we’ve built a relationship of trust by helping you to build an ongoing plan to protect your business, manage the business’s risks, while at the same time making every effort possible to control and even reduce the total cost of managing those risks.
MrInsurability works with businesses just like yours to bridge that gap that exists between risks and positive results. As you have seen, we do far more than sell traditional insurance. A lot of places sell insurance. We sell risk management for your most valuable asset, your business.
Another thing to keep in mind is that we are independent insurance agents. We have contracts with many insurance companies. An agent who only works for one insurance company is exactly that, someone who works for a company. We, on the other hand, work for you. Our allegiance is not to our company, because we don’t have one. Our allegiance is to you, our client, because we work for you!
So, if you would like to do more than just buy a plain old insurance policy; if you would like to work with a team of experts that will help you seek out and assess all of the possible risks your business is facing; setup and help to implement a plan to control and even reduce those risks and their costs, then MrInsurability is here for you!