Case Study Included
For many business owners, business insurance is MANDATORY for operations. For Contractors and Consultants, you often need to show proof of valid coverage in order to meet contract requirements. For stationary operations, such as doctor offices, coffee shops, or med spas (for example), you may have a multitude of reasons. Either way, when you need to get details about your coverage, you usually need them as soon as possible.
If you need a certificate of insurance to send to a prime contractor for a pending job, we can set you up to be able to pull your own certificates on demand 24 hours a day.
If you need to confirm that your coverage is in line with your specific operations, we make sure to PROPERLY INFORM you of any policy exclusions that could negatively impact your coverage. This is important to make sure you are NOT paying for coverage you do not have based on your expectations.
If you need a quarterly, semiannual, or annual Policy Review, we can send this to you based on your preference. This can be important for most operations but this can be even more important for workers compensation policies. This is due to possible payroll and class code changes that may occur during the policy term. By staying on top of these factors, you will be able to prevent unexpected and EXPENSIVE audit bills .
Be sure to get what you are paying for when you are purchasing insurance for your business. Online insurance providers have business models that are designed just to get as many customers in the door as possible. But they are NOT designed to be optimal in providing professional servicing of your policy. And as you continue to grow your business, this professional servicing and information access can often be the difference between success and failure. This servicing and access is AT NO EXTRA COST to you!
Here is a case study, from the Society for Human Resource Management (SHRM) that touches on workers compensation premium fraud. In most cases this is not intentional, but having a basic understanding of this matter can assist you in being able to avoid this matter altogether.
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Daniel Woods is the Pricipal Broker of TWIA Insurance Group & Associates Ltd. Co. Mr. Woods has almost two decades of general insurance experience. He also has an M.B.A, in International Finance and along with a C.R.I.S. (Construction Risk Insurance Specialist) certification. Mr. Wood's overall insurance expertise is both wide and deep as it ranges from multiple specialties within the industry as a whole.