Blog

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…

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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,…

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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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The Insurance Market Is In A…Not-So-Great Spot.

“Progressive ‘rebalancing’ in Florida by non-renewing 103K policies” – WINK News “Nationwide will not renew thousands of homeowners’ policies in North Carolina” – Insurance Business America “Why State Farm isn’t selling new California home insurance” – Cal Matters & the list goes on… The insurance market is in a state of flux, with significant changes…

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5 Ways to Keep Your Insurance Agent Honest

Accountability is Key In business, every partner, vendor, employee, etc. is and should be viewed as someone who’s playing for the same team. You should all have the same goals and be working together to achieve the same end result. And during that process, you and your team should hold one another accountable. However, when…

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8 Questions You MUST Ask Your Insurance Agent

If you want to keep your insurance agent honest, here are 8 questions that only an insurance agent would think to ask… One of the many reasons insurance agents get away with underdelivering to their customers is a lack of knowledge for business owners. In my ongoing effort to help educate businesses and give them…

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Football is Back! What’s That Have to Do With Insurance?

Just like every other washed-up, has-been football player, it’s difficult for me to go a day without making football references. I’ve gotten especially bad at drawing comparisons between football and insurance. But, when you played football for 12 years and sold insurance for almost 10, it’s nearly impossible not to (at least for me). That…

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3 Ways Every Business Should Be Using Life Insurance

“I’ve got a 2-cent dollar to help you pay what needs to be paid“ – Ben Feldman Forget What You Think You Know About Life Insurance In today’s world, life insurance has such a bad stigma. So much so that many of the business owners I talk to shy away from the conversation entirely. Over…

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4 Mistakes Businesses Make When Getting Insurance Quotes

Lazy Agents vs. Diligent Agents Most seasoned business owners think they have the insurance game figured out. They have a false confidence that because they’ve been in business for so long they know how to always get the best deal. In reality, everything that most business owners do in the process of quoting their insurance…

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What’s Going on With Workers Compensation

“Workers compensation continues to be the most profitable major line for the [insurance] industry…” Mort Large, director of workers’ compensation strategy for Nationwide (via RoughNotes) Depending on the industry your business is in, it’s likely that workers compensation makes up 30-50% of your overall business insurance costs. It’s important to know what to expect moving…

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