Corporations come in all sorts of different shapes and sizes. And no matter what the corporate structure looks like, ultimately, the company is responsible for all the actions and financial moves the business makes. And that makes corporate insurance an absolute must-have. And we can help make getting the right coverage easy.
Our independent insurance agents can help you navigate all the ins and outs of corporate business insurance. They’ll compare policies and quotes from several different providers to help find the right coverage for your needs. But first, let’s talk about the risks and coverage needs you need to consider.
For any insurance company issuing a commercial policy, it all comes down to risk. While any business has its own fair share of risk, the policies you need should specifically address the unique threats in your world.
The policies you need will all depend on the products and services you provide, the size of your company, the number of employees, and a number of other factors. Your complete insurance portfolio you’ll will need to combine a few different coverage types to give you the full protection you need. These include:
A small business with less than 500 employees doesn’t face the same liability issues as an international company with thousands. A solid business insurance plan is required for both large and small companies. However, more underwriting is required for the large corporation due to its size, which typically makes more complex coverage necessary.
This is why it’s important to work with an agent who really knows their stuff. They’ll understand your risks and concerns and help tailor a complete insurance plan to your company.
Corporate liability insurance, in any form, is arguably the most important insurance for a business. A corporate entity can become somewhat of a target in our quick-to-file-a-lawsuit society, making this coverage critical to protect the financial well-being of your corporation.
Several forms of liability protection are available for corporations, including:
Offering health benefits to your staff has a number of benefits. For example:
Group health insurance can be expensive since employers foot at least half of the premium, but they are completely tax-deductible. The Affordable Care Act brings many changes to the healthcare system, including federal regulations on the minimum amount of health insurance protection that can be offered to employees.
If your corporation already offers health insurance, you’re exempt from this standard, but it’s a good idea to speak with your insurance agent to make sure you’re in compliance with federal law. Otherwise, you could be facing some hefty fines.
In the corporate world, it often takes one or more professional teams of advisors to fully manage risk. Larger corporations often use a range of services to identify and mitigate the risks.
While there is often crossover in the functions of the various professional services your corporation may need, sometimes all are necessary to make sure your corporation understands their risks to help manage them proactively.
For example, you may require:
An independent insurance agent who specializes in business insurance can be a valuable part of your risk mitigation plan. Our agents can help fully assess your risks and get the right corporate insurance in place to protect your company financially. With access to numerous commercial insurance companies, they can manage your complete insurance portfolio, even when various policies need to come together from multiple providers.
When you work with a Trusted Choice independent insurance agent, you have a local expert who will meet with you, help fully review your company’s risks and identify the exact coverage you need to manage them.
Independent insurance agents are kind of like the Google of insurance quotes. You tell them what you’re looking for, and they bring in the results. And since they aren’t tied down to one carrier, they’re free to shop around and bring multiple policy options to the table.
And it gets better, you don’t have to review the policy options alone. They’ll walk you through everything you need to know about finding the right coverage, and price, for you. But it doesn’t end with your signature. Along the way, if something bad ever happens, they’ll handle the entire claim process for you and deal with the carrier, so you can focus on your corporate empire. How sweet is that?