An insurance agent who writes a policy VS. an agent that protects your assets... Yes. There is a difference!
As we wrap up 2012 and dig into 2013, there are several questions that any business owner has to ask them selves. Were we profitable last year? If not, why? If so, how can we continue? Is now the best time to implement that new idea? One question that should always be on that list is: What are my current vendors doing for me? More specifically this would also include your insurance agent?
Why is this an important question? Well, does your current agent review your policy with you every year? Business changes every year, be it by a large or small amount. There is never a year that goes by that something didn’t change from the year before. Any number of those changes could impact what your needs for insurance coverage are. It is the responsibility of your trusted insurance agent to take some of your time prior to your renewal to make sure you have the same adequate coverage that they wrote for you in the previous policy term.
Now most business owners don’t want to take the time to do this. They may feel as though it is not important. This is what can make a good agent stand above the rest. A good agent can ask those difficult questions in a caring way so as to let their clients know that they are there to help protect what the business owner has built.
Ask yourself: What is the role of your agent? What do you feel you need from them? A good agent will ask themselves the same thing of their clients. A good agent is interested in what is important to their clients. The best way to think of your agent is the one person who needs to know about all of your assets so they can protect them accordingly. That is asking for a lot of trust; another reason why choosing the right agent is very important.
Having an agent that doesn’t know about you, your business and all of your assets can be disastrous. If your agent doesn’t know what you value or what had to go into building your world, they won’t know how to protect what you hold most valuable. Any good insurance agent will know this and will want to get to know their client. They do this not by an inquisition but by fact-finding and open communication. They want to know about you, as would a good friend. Remember, the purpose of insurance is to help make you whole after a loss.
So, as the year begins anew, make some time for your insurance agent. They should be trusted to be given the good news as well as the bad so they can best protect you and your business. Here at Statewide we pride ourselves on being the agency that doesn’t just write policies…we protect our client’s assets.
If you, or someone you know, could benefit from an insurance review, please call our office at (801) 506-5060 and we will be happy to arrange an appointment with a licensed agent.