What questions should one ask when reviewing your
business insurance? How about taking our quiz and save yourself some money!
_____ Did you recently within the last calendar year shop
around for the best price on your policies? ( Y/N ) For
example, workers comp can be reduced by joining an industry association like
CSSARA and others, and
signing up for their group policies.
_____ Do you know if your insurance companies have good
track records regarding paying claims and keeping their customers satisfied? ( Y/N )
_____ On each policy that you have, do you understand the
individual coverage's and protection types and amounts? ( Y/N )
_____ Does your current protection make sense given your
current financial situation as opposed to when you bought the policies? ( Y/N )
_____ If you couldn't make it financially without your
income, do you have adequate long term disability insurance coverage? ( Y/N )
_____ If you have family members who are dependent on your
continued income, do you have adequate life insurance coverage to replace that income
should you die? ( Y/N )
_____ Do you buy insurance through companies that sell
direct to the public ( bypassing agents ) and through discount brokers? ( Y/N )
_____ Do you carry enough liability insurance on your home,
car, ( including umbrella / excess liability ), and business to protect all your assets?
( Y/N )
That wasn't so bad, was it? If you answered no more than
once or twice, don't feel dumb. More than seven out of ten dealers make major mistakes when
buying station insurance. Bear in mind that most people need help in this area as much as they do
in other areas of personal finance.
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