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Getting Over Overpayment: Simple Ways to Save on Business Insurance Costs

Everyone wants to make or save a quick buck. After all, there are much more interesting and exciting things to spend your money on, especially if you run your own business. What many businesses don’t realize is that there are very simple ways to save on insurance prior to opening your doors. A trusted insurance agent or shopper should be able to help you out with this, but acquiring the knowledge for yourself beforehand is always the best first option. Here are five different ways you can start saving on your business insurance costs, whether you are a first-time business insurance shopper or looking to update your policy. 1. Just Like Paper Towels, it’s Best to Buy in Bulk Most business insurance policies cover the “big offenders”, like liability and property issues. However, businesses sometimes need specific insurance coverages. For instance, if your company regularly deals with customer identifiable information, like credit card or social security numbers, fidelity insurance might also be a necessary thing to have on hand. If you’re contracting a construction company to build the expansion to your office space, commercial liability insurance might be in order. While it would make sense that these would be automatically covered under business insurance plans, they sometimes aren’t. Talk with your insurance provider about what your business insurance covers and see if you can add on any additional packages for a reduced rate. 2. In a Digital Age, Security Takes Priority Believe it or not, strong security practices can make a difference when it comes to affordable business insurance. This is especially true if your company collects or uses...

The Seven Deadly Sins: Contractor’s Insurance Edition

The “seven deadly sins” are well-known in modern culture because they boil some of the harder truths of human existence down into seven succinct ideas. These ideas are often and easily applied to the actions of people, including their purchasing habits. When it comes to purchasing contractor’s insurance, seven common mistakes you might make relating to purchasing and obtaining contractor’s insurance might leave you down the path of no return. Pride: You Trust in Your Friends Most people want to give a helping, but they also enjoy saving costs on things at the same time. This might make the idea of hiring a subcontractor you know and trust to do your work seem appealing. Doing so carries a risk which can cost you a lot of money. Say your subcontractor does not carry general liability insurance that covers the same claims or employees as you. If your general liability provider audits you, you could be in serious financial trouble. It is best to understand to compare and contrast your coverage plans before commencing work. Covetousness: You Think Everything is Covered The truth with any general liability insurance for contractors is that it has exclusions. These assist in strengthening customer and corporate protection. On the contractor level, showing that your company knows what is covered keeps your company’s professional game strong. On the corporate level, businesses would never be able to make a living if they covered absolutely everything. Going over liability insurance exclusions prior to adopting a policy is one of the best ways to make sure your company is covered in times of need. Many companies will do...

Video: What is a Bid Bond?

 What is a Bid Bond? Welcome to part 1 of our 2 part educational series on Bid Bonds. Bid bonds are not an insurance policy, they are a written guaranty from a third party guarantor like a surety company or insurer. A guaranty is submitted to a project owner by a contractor for a work they are bidding on. Watch the video to learn more. Questions? Contact our bond specialist Tom at 312-878-2372 or email him at tom@farmerbrown.com Free Quote (Application Form) Fill out my online form. Fill out my Wufoo form! Watch Part 2 – Bonds and the importance of Credit Score Download...

Video: Bonds and the Importance of Credit Score

 What can I do if my credit score is below 700? Welcome to part 2 of our 2 part educational series on Bid Bonds. In situations where the personal credit is not very good, a credit report should be obtained particularly when obtaining a bid bond. This report should be reviewed carefully for any errors. Any errors can be disputed on-line with all the major credit bureaus. Another easy way to raise your credit score is by reducing your credit balances, but be careful not to close any accounts because this actually may have a negative effect on your credit. Questions? Contact our bond specialist Tom at 312-878-2372 or email him at tom@farmerbrown.com Free Quote (Application Form) Fill out my online form. Fill out my Wufoo form! Watch Part 1 – What is a Bid Bond? Download...

Restaurant Insurance Video

https://www.farmerbrown.com/wp-content/uploads/2018/03/Restaurant-Insurance.mp4 What is Restaurant Insurance and What Type of Coverage You Need? If you own a restaurant, you need an insurance policy that provides the best coverage to give you peace of mind that your business is protected. This will allow you to focus on providing your diners the best experience possible. Welcome to our tutorial today in which we will talk about Restaurant Insurance. Download Transcript...

Vacant Home Insurance

  Do you really need insurance coverage on a home or property that is not occupied or completely vacant?  In the last few years, vacancies – both residential and commercial – have increased, and that spells trouble. As the number of vacancies increase, so does damage from fires, break-ins, and vandalism.  These types of damages can either be a minor nuisance or they can be a very hard hit to your pocket book- especially if you plan on selling your home and have just completed renovations with upgrades. Here are some of the most common vacant building insurance claims: Someone trips and falls in my driveway or home that came to look at the property to purchase A child wanders into the backyard and drowns in the pool or falls into an empty pool and is severely injured Water damage from a burst pipe that can buckle the ceiling or rot the walls and floor Storm damage to a roof and siding Pest problems or infestations that go unnoticed as the property is vacant Vandalism and theft If you have a loan on the property, this type of insurance is normally required.  Most homeowner policies have a limit on how long the property can be vacant before they are no longer valid for claims should any of the above possibilities occur. Vacant home insurance policies are often written for much shorter time frames than a traditional policy.  There are 3 month, 6 month and 9 month terms available based on the reason for vacancy.  Some carriers offer extensions of a month or two. There are also carriers that will...

An Ounce of Insurance is Worth a Pound of Gun Powder

      Last year, in the midst of selling my house, I left the keys with a friend and flew off on a business trip to Dallas. It was only for the weekend, and after all, I knew I could trust that Alfred would watch after the place and take care of Snowy, my 140-pound Canadian shepherd. Though gentle as a lamb, her size and ferocious appearance would surely be enough to scare off any intruders. That was when the weekend reality came tumbling down on my head, like a  rooftop full of snow on an April morning. I had just landed and navigated the airport parking lot when my cell phone chirped to life. It was Alfred. “Man, am I glad you’re back! Some guys have got your house!” I perked up, imaginary dollar signs filling the windscreen as I pointed my Sorento homewards. “That’s great news,” I said. “How much did they offer?” “No, no, no. You don’t get it. They got inside somehow, took down the for-sale sign, put their names on the mailbox and made themselves at home.” “What, how, when did this happen? What about Snowy?” “They know the house has been on the market for over a month, so they decided to make their move. Snowy is OK with it; she’s found new friends.” “So much for the Last of the Great Watchdogs. Well, did you at least call the cops?” “Yes,” my friend said, “but the guys inside claimed it was their house, and I couldn’t prove it wasn’t.” I rested my forehead in my palm, while managing to keep one...

What not to do after a Car Wreck

Caught in an Accident? Avoid doing any of the following mistakes so you can keep yourself out of anymore trouble.   Don’t try to keep it all in your head.   It’s easy to forget small details, to miss them if you’re not careful at the scene. Grab pen and paper and start scribbling away. No matter how busy you are, it’s worth the few minutes to take notes.   Avoid apologizing or accepting responsibility for the injury/damage.   You might very well have caused it, but when it comes to admitting guilt, let your insurance companies handle that part. I don’t admit that the floor might be slick or the claimant and any witnesses will hear that as an admission of guilt, and may even testify to that effect in court. There goes your case.   Never assure anyone that you are going to “take care of” anything.   You don’t want to assume responsibility or liability. If you are truly liable and the claimant is entitled to receive compensation for damages or injury, your insurance adjuster will take care of letting that party know. It’s natural to want to be helpful; it’s also natural to offer sympathy or an apology if someone is suffering pain or injury. This must be avoided where insurance claims are concerned. Refer them to your insurance company.     Do call your agent!   They might be helpful in the emergency.  You can audit your coverage and re-evaluate. Your agent might not be giving you the most competitive rates because of his company rules. Make sure you get...

Oferta de trabajo de ventas.

Buscamos un vendedor bilingüe para vender seguros a propietarios y pequeños negocios a latinos a lo largo de los Estados Unidos. Se proporciona capacitación y el trabajo cuenta con  salario más comisión. Experiencia no necesaria, la compañía ofrece capacitación en seguros. Los candidatos exitosos deben ser enérgicos, de mente abierta y tener motivaciones para el éxito. El pago empieza en $10 por hora más comisiones. Si estás interesado por favor toma el test abajo y te enviaremos un mail, no se considerará para entrevista sin haber tomado el test.   Prueba ahora...

Servicio al cliente

Buscamos un representante de servicio al cliente en una agencia de seguros nacional Los candidatos exitosos deben ser enérgicos, dispuesto a aprender y con una gran actitud en el trato con los clientes. Deben ser fluidos en español e inglés. El trabajo es de tiempo completo y se encuentra en el centro de Chicago. El pago será de $15 por hora más comisiones. Si estás interesado por favor toma el test abajo y te enviaremos un mail, no se considerará para entrevista sin haber tomado el test.   Prueba...

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