Often overlooked in many companies, commercial insurance plans can be a hassle to set up and figure out all the ins and outs of. However, the importance of having a skilled and reliable underwriter is crucial. Typically, an insurance broker or underwriter will analyze and evaluate the risk that comes with insuring people and various assets within your company. Insurance underwriters can help businesses of all sizes figure out and understand how they can best protect their employees and their assets with various.
A key aspect of insurance underwriting, risk analysis, helps determine how much your premiums will cost you. When you operate as a business, you take on some inherent risks from the customer. Insurance underwriters then take into account every available factor that would help determine the amount of high or low insurance risk is has. This means that your business will have a higher insurance premium if it has riskier practices. Typically a logging company insuring its assets will pay a higher insurance premium than your local dry cleaner.
So your business has grown lately and you’re considering adding employee benefits and have no clue where to start? This is a very common place many people find themselves in. With changes in the Affordable Care Act (ACA) come changes to employee group benefits as well. At LHUI, instead of just suggesting packages for medical, dental, vision, life, and disability plans, we take time to understand your specific situation and then apply our expertise to find the best solution for the best price.
As your business grows, so do various risks and liabilities for your assets and employees. With a trusted insurance underwriter, you can be better prepared to anticipate changes and save your company money on its commercial insurance. Underwriters will typically review policies and risk information anytime something seems outside of the norm or materially changes. Let’s say you recently hired 3 new employees. With LHUI, we’re able to sit down with you, evaluate your current package and see what is best for your business and your wallet.
At LHUI in Seattle, Washington, in order to get you the best coverage, we ask the questions most insurance underwriters don’t ask. This allows us to help you find solutions that others don’t know exist. Our interests reside with yours. We aren’t just around when your policy is up for renewal. We’re there with you step for step. Contact us today to see how we can help your company better protect its employees and assets