3 Questions to Ask Your Insurance Agent
3 Questions to Ask Your Insurance Agent
One of the best things about working with the same insurance broker on a regular basis is that you can build a rapport with them. Having ‘insurance rapport’ means you have trust that your agent will set you up with the best insurance for your business.Not someone else’s business - your business.
Ok, so how do you go about building this rapport? A good place to start is by asking your insurance agent some important questions pertaining to your specific needs.
For example, you could start off by asking them ‘Do Transformers buy life insurance or car insurance?’… and while this is most certainly a totally valid question, it won’t necessarily get you the answers you need at this point in time.
Here are 3 questions you can ask an insurance agent when developing a relationship with them.
What exactly does my insurance policy cover?
Let’s say, you have been recommended to go with certain insurance products for your business. It is important to make sure you ask the agent to explain in detail, what the policy covers. This can help you make sure the policy meets your needs, as well as that you understand what your responsibilities are in order to maintain this coverage over time.
An added benefit of working with the same agent over time, is that they can provide ongoing support and be in touch with you should any changes come up – or there are any other details that require your attention.
2. Can I take advantage of a multi-policy service?
Another great question to ask relates to the idea of having one or more policies through the same broker. For example, if you already have your business policy through the broker, you may also want to add in vehicle insurance and even home insurance. This way your broker can help you manage all of these policies ‘under the same roof’
Sometimes, bundling is also an option, and there is an opportunity to receive discounts and reduced fees by doing so. It never hurts to explore this possibility by asking, as it can have many benefits for you.
3. Do I need to extend my coverage based on where my property is located? (ie. flood zones, wild fires, etc).
Last, but not least is the question of extending your coverage. With all of the extreme weather events we have seen across Canada in recent years, another key piece to your insurance is taking into account if you reside or work in a region that is susceptible to floods, fires, and other potentially damaging seasonal conditions.
Making sure you have added the necessary coverage can help to give you the extra peace of mind you need. And should anything like this happen, your business – and your livelihood is well protected.
At Leaders Insurance, we highly value the relationships we have build with our clients.
And while our Transformers query from earlier may remain a mystery for now, your insurance agent can answer all of your other equally important questions.
I Need to Renew My Car Insurance, Does it Really Matter where I renew?
I Need to Renew My Car Insurance, Does it Really Matter where I renew?
As a small business owner or some one who is ready to step into the world of BC startups, it is likely that you already possess a lengthy checklist of important To-Do’s!While looking to check all of these things off your list, you may also be looking at starting to use your vehicle for business-related purposes. If so, you’ll want to look into having the right car insurance for your business. Whether you already have a business vehicle or will be getting a new one, the issue of renewing your car insurance will be a reality at some point.
While, yes all BC car insurance does originate from the same place - the ICBC, you can also use a broker to facilitate this process for you. There are some major benefits to doing it this way, that can help you as you continue to operate or are getting set to launch your business.
How beneficial is it for me to work with a trusted broker when renewing my car insurance?
When it comes to car insurance renewal, there are some necessary steps to follow and sometimes, this isn’t always straightforward. Working with a broker who is familiar with the ins and outs of business coverage and vehicle insurance is quite favourable.
Let’s get into some specifics!
Get More in Depth Advice about Different Insurance Options
When it comes to renewing your insurance, working directly with your agent enables you to get some additional support. With direct advice from your broker, you will get a more detailed explanation of all of your insurance options. This means you are not missing out on or overlooking any insurance coverage areas that can greatly benefit you and your business.
Get The Best Business Insurance Coverage For Your Needs
It’s one thing to have some vehicle insurance, and it’s another thing to have the most suitable insurance for your business. As a small business owner, you may rely on your vehicle to play a key role in your daily business operations, and that makes it even more important for you to have the best insurance for your business.
You don’t need insurance for someone else’s business – you need it for your business and your broker can help you optimize the coverage you need.
Get Ongoing Support From Your Broker
What’s more, it’s not just the initial process that your agent can help with. They are able to monitor the BC market for any changes that occur to the insurance renewal process.
In BC, car insurance has changed a lot in recent years, and having a relationship with your agent means you have someone keeping a watchful eye on these updates and informing you when it becomes necessary.
By opting to have your car insurance renewed through your agent, and someone who is already familiar with your insurance needs, this adds a personalized experience that enhances the level of service you will receive.
Leaders Insurance recognizes that startups and small businesses are continuing to grow across BC. For this reason, we know that as a business owner, you must be able to rely on your insurance agent to provide you with the best vehicle and commercial insurance.
With an individualized and straightforward insurance process, you will be able to continue to focus your energy on growing your business.