When Should I Call My Insurance Broker (Agent)?
It’s Friday morning, we get a call from a client. “Hey I am closing on a building at 1pm today. Can we add that to my policy”? The answer is maybe. It depends on a lot of factors.
“Hey we need a certificate of insurance for the new entity we formed to do concrete construction”; What new entity?
Sometimes we are the last to know when you make a change to your business. In order to make sure we get you covered properly and at the best price, sometimes we need a few days or weeks to handle the request properly. We also like to help or give a bit of advice when we can. When should you call us?
Basic Criteria:
When you have an accident or claim
When you lease or purchase a new asset (building, land, equipment, auto, etc.)
When you sell and asset
When you start a new type of work that you do not currently do
When you form a new entity (no automatic coverage for new entities)
When you sign a new contract for construction or services (please send us a copy)
When you sign a new lease (please send us a copy)
Add a new driver or remove a driver
I am moving to a new location
When you have an issue with billing or payments
Upgraded my property (new roof, wiring, plumbing, or renovation)
Added a new partner to my business
Entered a partnership with another business owner
Starting operations in another state
Advanced Criteria:
When you are thinking of making a change to your business.
Need assistance with safety or risk management to reduce my exposure
My claim is moving slow
To set up a claims review on all my open claims
Review my insurance coverage or limits because my business is growing
What upgrades to my property may reduce my insurance cost?
Thinking of bidding a large construction project.
Before I sign a contract or lease
I am going to fire an employee and it might get messy.
I just called my attorney for……, Should I also call my insurance broker?
