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Challenges of Commerical insurance

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Running a business in Flint or Detroit, MI can be challenging. Between getting the job done, marketing to acquire clients, and choosing commercial insurance that takes care of your business needs, keeping the company afloat can be a struggle. Here are a few challenges to consider when dealing with your business and commercial insurance from Premier Insurance Agency.

Find a trusted advisor who:

  • Gives valuable options and advice
  • Is aggressive in addressing current and future insurance needs
  • Creates the proper insurance program for your business needs
  • Finds a current insurance program that is competitively priced in the current market for your business sector
  • Makes sure that risk management analysis has been conducted recently on your insurance exposures
  • Looks for and researches all the coverage options available and provides recommendations

Managing risk

  • A Risk Management Program should be competitive
  • You should be controlling your exposure to loss sources
  • Create a Contractual Risk Transfer Program in place to limit potential lawsuits
  • Choose a strong insurance company
  • Make sure the insurance company you and your agent choose has financial strength and strong claims-paying ability
  • Find a leader in your specific industry, so they understand your business that provides consistent delivery of valued and important services

Customized employee benefits

  • A cost-effective and comprehensive Employee Benefits Program
  • A benefits program that attracts and retains employees and is competitive within your industry
  • A broker who  keeps you informed of the recent changes in healthcare and  potential compliance matters

Protect personal assets by:

  • Assessing personal property and liability limits to protect your assets from loss
  • Going over a regular review your commercial insurance when workplace events take place

 

Contact Premier Insurance Agency serving the Flint and Detroit, MI area for assistance with determining what kind of coverage your company needs.

Factors that Affect a Homeowner’s Policy

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Do you ever wonder why you pay more for home insurance than your friends in the south? It might seem unfair, but factors such as the neighborhood you live in, your home’s proximity to rivers and trees, and the number of claims you previously made can all influence the cost of your home insurance in Detroit, MI. Here at Premier Insurance Agency, we hold a fundamental rule that the greater the risk of loss or damage involving your possessions, including their estimated value, the more your premiums are likely to be.

Knowing the following factors will help you on your homeowner’s policy:

Neighborhood – Insurers keep statistics on claims made from different locations in Detroit, MI. These claims are then recorded and calculated into rates. Therefore, if you reside in a neighborhood that is prone to burglary, your premium may reflect that.

Claims, coverage, and deductible – The higher your deductible – the amount you agree to pay upfront when claiming – the lower your insurance rate. A higher deductible can reduce the number of small claims you make, keeping your claim history clean, which in turn contributes to keeping rates down.

Value of your possessions – It goes without saying that the more valuable of items you own and want to be insured, the more you will have to pay. At Premier Insurance Agency, we ensure our clients are cognizant of this obvious, yet important factor.

Proximity to water and fire halls – Being close to or living in an area that is deemed to be prone to flooding may cause your rates to increase. Hydrants and fire halls may lower your premium because every extra minute of response time can affect the extent of the damage.

Premier Insurance Agency in Detroit, MI is dedicated to helping customers find the right home insurance policy. To speak to one of our dedicated experts, call 866-680-7283.