Ten Tips for Buying Insurance

For business owners, deciding on which insurance policy to settle on may be frustrating. It may be quite a hassle on top of running a business but it is a necessity that every wise businessman mustn’t forgo.

To make it buying insurance easier, Small Biz Club has put together ten tips for buying insurance:
  1. Give the underwriter a reason to write the account.
  2. Let the underwriter know if you have a renewal quotation for an existing policy.
  3. Give lead time for an underwriting review.
  4. Complete the application.
  5. Include all supporting information.
  6. Be accurate and honest when you provide information.
  7. Anticipate questions and answer them up front.
  8. Respond promptly to any requests for additional information.
  9. Respectfully negotiate quotation terms.
  10. Offer alternatives for unacceptable quotation terms.

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