We hope these Tips are useful in planning and administration of your program.

1. Select the First of the month for all of your Insurance Policies to expire on. It is easier to administer your payroll/sales figures on a monthly basis.

2. Have all polices expire on the same day. It avoids the aggravation of dealing with Insurance all the time. It gives you the ability to have a complete picture of your program and your budget. (FYI- Insurance agents love to split up dates in order to retain the business via confusion and the hassle factor)

3. Stay coginent of your losses and almost losses. ( They will help paint your business’s personality.)

4. A professional agent should ask to review your current Leases, Agreements, Contracts and other papers that could paint the paths your business must follow.

5. Financial Statements and Depreciation schedules will help to establish limits and avoid coinsurance penalties.

6. If you plan on shopping your Insurance Program, you should interview several agencies to determine who you can trust and allocate the carriers that they represent. Allow the agencies to show why they should have the carriers they desire. Do not allow an agency to assume control of more than 3 competing carriers. ( This avoids the blocking game and the carriers knowing that you are a “Shopper”. ) You should have no more than 3 agencies proposing.

7. Shoot a video of your business or home including your contents and store it away from the premises. Should you have a major loss, this could be your only record of what you own or will jog your memory of any missing items. Claims adjusters love to see it as they will have the ability to adjust faster and with my accuracy.

8. Most businesses have computers but many do not know where their back ups are. Just remember it is very easy to locate your backup and put in a new computer. It is Holy Hell to rethink all of your data and those that owe you $$$.