A lot can change in a year. If you have recently welcomed a new child into the family or hired new staff at your business, the insurance coverage you need may have changed.
National Insurance Awareness Day, June 28, is a great opportunity to reevaluate your insurance coverage and assess your current risk. You’ve worked hard to build a strong financial foundation for your family or business, protect it.
Insurance protects what matters most to you so you can face the future with confidence. There are many factors to consider when selecting an insurance provider, but what is most important is finding a trusted advisor dedicated to working with you.
The Value of an Insurance Advisor
A traditional insurance broker meets your basic needs when it comes to claims, plans, and renewal negotiation. But as new legislation is passed and cyberattacks become increasingly commonplace, can you ensure your insurance broker is looking out and protecting you from new exposures?
“The typical broker quotes apples to apples, offers claim and billing assistance, reviews your coverages at renewal.” said Chuck Klabo, Director of Insurance. “These are expectations that everyone should have. That’s the market standard, the very minimum.”
Is your current broker a trusted advisor who can offer counsel and solutions that ensure you are covered from risk? Working with a dedicated technology-backed insurance advisor instead can add tremendous value on top of insurance products offered by a traditional broker.
This insurance advisor will take a collaborative approach with you to develop a multi-year strategic plan to identify, prioritize, and reduce the risks that have the most significant impact on the overall risk management program. This is increasingly important today as we live in a time of rapid technological innovation. An insurance advisor deploys leading-edge technology to provide clients with the latest data analysis, administration, and compliance tools to ensure they’re covered against risk now and into the future.
Ensure You’re Covered
Meet With Your Advisor
Make an appointment with your insurance advisor to discuss any recent changes. Discuss any major life events or changes in business, as these could expose gaps in your insurance coverage. If you don’t have an insurance advisor, now is the perfect time to begin your search.
Remind Your Employees of Safe Workplace Practices
Workers’ compensation insurance can help protect your business and employees should an injury occur, but taking the time to educate your employees on workplace safety to avoid injuries altogether is ideal. Find an insurance advisor who can supply educational resources and programming.
Make Sure Your Data is Protected
Cybercrime is a major concern as technology is constantly changing and evolving. A supportive insurance advisor will help provide educational resources for cybercrime prevention and also offer comprehensive cybercrime liability insurance policies.
What Coverage Do You Need
“Your insurance advisor should sit down and identify all the areas where there is risk to bring back a program that is not only competitive but thorough and accurate and completely tailored to your specific needs.” Chuck Klabo, Director of Insurance
The coverage you need depends greatly on your unique situation and areas of risk. A committed advisor will take the time to ask the right questions to get to know you, your business, and your goals to build an insurance plan made just for you.
“We want to be a trusted resource for you,” Chuck said. “Your insurance advisor should sit down and help identify the areas where there is risk, to bring back a program that is not only competitive but thorough and accurate and completely tailored to your specific needs.”
From insurance guidance and risk management to compliance and workers’ compensation, your insurance provider should offer a comprehensive program of insurance solutions that keep you protected so you can focus your energy on what matters most to you.
“We like to be very involved with our customers,” Chuck said. “It all goes back to wanting to be a resource. We want to be a partner. We want to be helpful. We want to be involved.”
At Choice Insurance, we can assist you more than a traditional insurance broker. From compliance to communication, cyber liability to information on new legislation – let us provide a full spectrum of solutions for you and your business.
For more information or to find an insurance advisor near you, click here.