According to insurance experts, here are the top five business risks. The Allianz Risk Barometer surveyed more than 500 managers and corporate insurance experts in 47 countries, to identify the primary challenges facing businesses this year.1
While these are responses from large corporations, we take away many applications for medium and small businesses. Here are some of the risk issues for 2020.
All of us value the long term relationship with our clients, and are proud to give families, individuals and businesses the personal attention required when it matters most. When claims arise, we realize that it can be very stressful and will do everything possible to assure timely and complete recovery. Personal and Business insurance
The modern day customer is looking for value, ease of services, and quick responses. In an era of impersonal internet companies, slick advertising, and “branding,” it can be hard for consumers to determine where to find the best insurance program for their needs. To provide the best possible combination of coverage, services, and pricing, you need to look no further than your local independent agent. Our Approach to Insurance Is Different The best way to get the insurance that is right for you is to develop a relationship with your insurance agent. The good news is that this process is not complicated or time consuming.
7/16/2020 How To Buy InsuranceWe are committed to providing clients with the highest quality insurance plans available combined with some of the lowest possible rates. Whether you are shopping for auto insurance, home insurance, life or business insurance, we can help you obtain the best coverage available with the lowest rate possible. Most people don’t take time to review exposures, options, or their current economic condition before making their insurance purchase. We want to help you, so we prepared these insurance buying tips for 2020.
As many people are getting back to work, many employers wonder how they can have their employees return safely. Employers are confronted with the complexities of returning employees to work in a manner that is safe and ensures operational continuity.
Now is the time administrators should be building policies and procedures so that when employees and the public return, you will have a plan in place.
As an Independent Insurance Agency we represent many insurance companies to fit your businesses dynamic needs. Whether you're a new business or a small business, we can help. Being an Independent Agent means we are not only your agent, but we are your insurance broker as well. We understand every business and industry is unique, so we will work with you to find the best business insurance coverage at the lowest rate. Contact us today for a free quote. Directors and Officers (D & O) Liability Update
Every business, no matter what the size, has a D & O exposure. Some people may mistakenly think that D & O risks are just for large firms, but actual court cases tell a different story. D & O claims come about because of decisions made by the firm’s officers and employees. Claims can come from employees, competitors, investors, and the government. Most of these kinds of claims are not covered under a standard commercial insurance policy. Here are some interesting facts brought to you by the Insurance Information Institute:
Misrepresentation If you misrepresent your company’s services, financials or other information, third parties may sue you for your actions. This can include services you say you provide on your webpage or financial information you provide to a lender. Breach of Duty Your firm’s officers and employees are required to carry out their duties with a standard of honesty and professionalism. If these legal duties are breached, you are subject to litigation by the injured party. Employment Issues Your employees can sue the business for a variety of employment issues that can be covered under a D & O or employment practices liability policy. As an Independent Insurance Agency we represent many insurance companies to fit your businesses dynamic needs. Whether you're a new business or a small business, we can help. Being an Independent Agent means we are not only your agent, but we are your insurance broker as well. We understand every business and industry is unique, so we will work with you to find the best business insurance coverage at the lowest rate. Contact us today for a free quote. There are a number of common mistakes some individuals and businesses make when it comes to purchasing insurance. Insurance is the product you buy in case the unexpected happens. Unfortunately, by the time you need it, it's too late to make sure you have the right type and amount of insurance coverage. Make sure you don't make the following mistakes while buying business insurance or personal insurance.
Having two agents is better because they keep each other competitive Having two agents duplicates effort and can create coverage gaps. For example, there are certain coverage’s that can be included under a liability policy and auto policy. One agent is better able to manage your entire insurance program. The lower the premium the better Premiums are determined by a combination of exposures and coverage. If you get a lower premium you may be missing needed coverage. For example, does the lower premium include replacement cost coverage on buildings and equipment? The internet is a great place to get good insurance deals Low-cost internet insurance usually allows you to select the coverage and limits you want. But in most cases, you end up with a limited and inadequate program. You find this out after you have an uninsured claim. Not having the right value for your personal property Most people undervalue their personal belongings. We recommend you complete a home inventory to make sure you have the correct value on all your property. Remember, the insurance covers what it costs to replace the item, not what you paid for it. Believing the TV commercial said it was covered All claims are subject to your individual policy terms and conditions. That is why an independent agent is important. We can provide information about what is covered and what is not. As an independent agent, we have relationships with many A-rated national and regional insurance companies; we provide a comprehensive array of insurance products for a variety of personal and commercial clients. You make decisions every day that can come back to bite you. You may not think so, but in this day of litigiousness, your business may be at risk. One way to manage your risk is to consider management liability insurance. Management, or professional liability, insurance is not just good business; it is as necessary as heat and lighting for your office. Statutes, federal, and state laws change on a regular basis, so it is vital that your company protect its assets with management or professional liability insurance.
Issues to Consider
Our insurance agency's reputation for representing the best insurance companies, providing excellent customer service and competitive pricing to our clients has been earned and proven for over 25 years. We take great pride in finding you the best coverage and backing it up with prompt personal service. We have been serving the Dallas/Richardson, TX area for over 25 years and have recently expanded to the Austin, Cedar Park, and Round Rock area. We understand every business and industry is unique, so we will work with you to find the best business insurance coverage at the lowest rate. Contact us today for a free quote. According to the Small Business Administration, 25% of businesses do not re-open after a disaster. Most of these failed businesses did not have a disaster plan in place.Small business disaster preparedness planning is easier than you think.
Disasters Can Include:
Strive Insurance Group, Inc. is a full-service independent insurance agency that has been serving the insurance needs of the Dallas area since 1984 (formerly Gordon Lund Insurance). Don't worry, nothing has changed, but our name. In addition to having a presence in the Dallas and North Texas area, we have also expanded to Austin and Central Texas with agent representation and the same professional service. We represent, and have established a strategic alliance, with only the highest quality insurance carriers. In doing so, we can provide you with the service and protection to meet your dynamic needs. As your needs change, we can review and collaborate to decide which insurance company or companies are best suited to your situation. Every business has some level of risk when it comes to professional liability. This kind of coverage is not just for lawyers or doctors. Your business most likely has a risk in this area. We recommend professional liability insurance to many of our clients.
If you perform any of these services, you may need professional liability insurance:
Strive Insurance Group, Inc. is a full-service independent insurance agency that has been serving the insurance needs of the Dallas area since 1984 (formerly Gordon Lund Insurance). Don't worry, nothing has changed, but our name. In addition to having a presence in the Dallas and North Texas area, we have also expanded to Austin and Central Texas with agent representation and the same professional service. We represent, and have established a strategic alliance, with only the highest quality insurance carriers. In doing so, we can provide you with the service and protection to meet your dynamic needs. As your needs change, we can review and collaborate to decide which insurance company or companies are best suited to your situation. Home and Auto Insurance Update
Let’s face it, you buy home and auto insurance to protect you when and or if an accident happens. And when you have an accident, you want your personal insurance to respond. If it has been a while since you updated your personal insurance coverage, you may want to call us today. When to Call Your Agent
Insurance coverage made easy. When it comes to buying your insurance, you have options. You can go to a captive insurance agent, an agent that represents one company, or you can go to an independent insurance agent that represents many companies. Strive Insurance Group, Inc. (formerly Gordon Lund Insurance Agency, Inc) is a full-service independent insurance agency representing many insurance companies. This means that we shop many different insurance companies to obtain the best rate and coverage for your insurance. We do this at no additional fee or service charge to you. Simply put, our goal is to find you the best coverage and rate for your auto, home, business, or life insurance. Whether you need a business insurance quote or an auto insurance quote, we can help. To obtain an insurance quote, click on the tab and enter your information into the form. If you have any questions along the way, please don't hesitate to contact one of our insurance agents. |
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