Own a small business? Have employees on a job site? Need to increase your Umbrella coverage? Are you considering a Cyber policy? If the answer is “yes’ or if you and your firm carry any type of commercial insurance coverage, now is the time to enlist your broker in starting the renewal process.
Reaching favorable terms early in the fall helps you beat the rush and can help secure lower rates than waiting until the end of the year. Your insurance broker will help you identify proactive ways to optimize your premium spending while ensuring maximum protection. Have your broker review your past year claims, payroll, gross sales, etc. now and plan a marketing strategy for the policy renewal.
Policy reviews, risk assessments and claims histories all get reviewed by carriers in the 4th quarter for upcoming year policy pricing. Your broker should help review your past claims history and any changes to your business model or footprint. Remember, new locations, new product lines and new employees all equal new risk and new liability.
Have Questions? We can help. At Oakbridge, we pride ourselves on putting our customers first. Our carrier relationships enable us to provide you with comprehensive commercial coverage that exceeds expectations.
Oakbridge has been helping our fellow business owners plan for the unexpected with the highest value insurance for more than a century. Let us know how we can assist you and your business succeed in the New Year.