When looking for commercial insurance agencies

Here at First Security Insurance, we know that your business is important to you and that you want to do everything you can to help it succeed. Whether you are just starting out or have been established for years, one key element to any successful business is having great commercial insurance. Your insurance offers financial protection in the event of emergencies, and it’s an important safety net that every entrepreneur needs. To help you get the best coverage for your business, in this article, our team here at First Security Insurance will go over what to look for when comparing commercial insurance agencies.

  • Level and Type of Expertise- When looking for commercial insurance agencies, one of the first things you should check out is the firm’s level of expertise, as well as what area that expertise falls into. Some agencies deal with only one class of business, such as real estate, health care, food service, etc., so you need to check that the company in question has experience working with those in your field. You should also ask about how long they’ve been in business to get a sense on how much experience they have with insurance in general.
  • Coverage Capacity- Another thing to ask about when comparing commercial insurance agencies is the amount of insurance they can provide, as well as the premium they charge for each policy. You need enough coverage to protect the full value of your business in a worst-case scenario, but you also need a premium that fits into your budget.
  • Client References- When choosing a commercial insurance agency, always ask to see some references from past clients. Reading previous customers’ experiences with the agency will give you a better sense of whether the company is a good fit for you. Reputable agencies should have a number of references on hand and be ready to produce them—hesitation to do so on their part is a sign that you should probably look elsewhere.

We at First Security Insurance hope this information has been helpful to you. If you have further questions about commercial insurance agencies, simply give us a call.