Business Insurance Renewals – When Should You Renew?
Do You Hate Renewing Your Business Insurance Every Year? There are about a dozen different reasons that business owners will give me a shot at earning their business insurance. Sometimes it’s due to a bad claims experience, poor service from their agent, or continuously increasing rates. However, out of all the reasons, there’s one thing…
Commercial Umbrellas are Becoming Increasingly Important
In today’s ever-changing business landscape, commercial umbrellas are becoming increasingly important. This is a topic that comes up in almost every meeting with businesses, highlighting its significance and relevance. Commercial Umbrella – What is it? A commercial umbrella is an excess liability policy that provides additional coverage on top of general liability, auto liability, and…
3 of the Most Important Insurance Coverages for Contractors (That You May Not Be Thinking About)
The insurance landscape is changing just about as often and drastically as technology. I grew up towards the latter part of the cassette-tape era and now you can play any song you want in an instant. I haven’t been in the insurance industry that long. But, I did start my career in insurance towards the…
Retirement Savings Are Not Emergency Funds…
According to this Barron’s article, retirement accounts have become the new “emergency fund” for more and more people. Due to economic factors and prolonged inflation, there was a 28% increase in people taking hardship withdrawals from their retirement funds in 2023. Barron’s says that one of the top reasons for the increase was to cover…
Employee Benefit Programs – Bridging The Gap with Life Insurance
How Life Insurance Can Become A Valuable Part of Your Employee Benefit Programs Due to a shrinking labor pool and the inability to compete with compensation plans offered by larger companies, small businesses continue to struggle with finding and retaining key employees. Outside of hourly wages/salaries, one benefit that many small businesses lack compared to…
Keys to a Successful Annual Insurance Review
Annual insurance reviews are one of the most tedious parts of the job for insurance agents. So much so that I would estimate 90% of agents don’t even bother with them. Unfortunately for businesses, annual insurance reviews are also the most important part of the job when it comes to properly taking care of your…
A College Degree in Starting a Business
When I went to college, I knew I wanted to be an entrepreneur. But, as I often joke, entrepreneurship requires two things: an idea & money. Both of which I didn’t have. I was fortunate enough, however, to have started my professional career in the insurance industry. While it’s far from the sexiest career path,…
3 New Years (Insurance) Resolutions for Every Business
It’s that time of year again. If you’re like most people (including myself), you’ve already committed to losing 20 pounds and getting 8 hours of sleep every night. And, if you’re anything like me, you’re already starting to fall short on those goals just 2 days into the new year… Oh well. I’ve come to…
Your Website is Costing You More on Your Business Insurance
Many of the blogs I write are derived from recent experiences I’ve encountered. This one is no exception to that. In the month of October, I had 6 different businesses either declined coverage or offered huge increases due to one common denominator. Their websites. To give you an idea of where I’m going with this,…
How Is Workers Compensation Premium Calculated?
Of all the different types of business insurance, workers compensation is one that most businesses think they understand the most. And relatively speaking, they do understand it more than their other coverages. However, in almost every conversation I come to learn that their opinion of it is usually misled. Often, I will hear business owners…
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