What is the best way to find business insurance providers?

Saturday, May 30th, 2009

What is the best way to find business insurance providers?

Comparing business insurance providers

The best way to find a business insurance provider is to work with someone that a friend or similar business uses. Another way to find the right local business insurance provider is to compare business insurance quotes online.

No matter how an insurance professional or insurance company is recommended, comparing insurance providers comes down to asking a lot of questions about the policy, the types of coverage available, the insurance professional, and what type of support is offered.

  • What risks are covered in a standard policy?
  • What risks require additional coverage?
  • Is the business eligible for a package policy, such as a Businessowners Policy?
  • What are the premiums and deductibles?
  • Can the business afford a higher deductible in exchange for a lower premium?
  • Can the premium be reduced with certain loss prevention or safety activities?
  • Is the insurance professional a broker or an agent, and which is best for the business?
  • If working with an insurance agent, is he or she a captive or independent agent?
  • Does the insurance professional have experience in a particular industry?
  • Is the insurance professional licensed?
  • What type of customer service does the insurance professional offer?
  • What support do they offer in the event the business makes a claim?

Comment on this FAQ

Consumers putting their money in different places now

Insurance News

Consumers putting their money in different places now

A recent report from credit giant TransUnion took a look at where people are now putting their money and had some interesting findings. Read more

Insurance Tips

The repeat home buyer’s tax credit

Repeat home buyers who bought a principal residence between November 6, 2009 and April 30, 2010 can receive a tax credit. Read more

you are here ›› homefaqbusiness insurance
Frequently Asked Questions - Business Insurance