Call Us 510.886.6000
Life LIFE

Browse a variety of insurance options in order to find the right one for you.

Read More
Annuities/IRA ANNUITIES/IRA

Discover the perfect options to meet your specific and unique needs.

Read More
Business Insurance BUSINESS INSURANCE

Get the right coverage for the right price.

Read More
Restaurants RESTAURANTS

Insurance protects you against financial loss if you have an accident.

Read More
Retail Stores RETAIL STORES

Learn about different coverage options that fit your specific needs.

Read More
Apartment Insurance APARTMENT INSURANCE

We help you find the best coverage for your property.

Read More

Are you concerned about the future?  Is your risk management program designed and prepared for changes in pricing, economic downturns, healthcare, changes in employment laws and upcoming political elections?  A broker or agent who cares about your business will be on the forefront of change.  Part of providing outstanding customer service is helping clients understand how current and future trends may affect their risk program.

Every so often, we think it is a good idea to talk about what may be happening regarding insurance and risk management.  We review many different insurance publications, insurance company bulletins, and other professional’s opinions, to analyze these trends.  This allows customers to make educated and informed decisions about their individual programs.

What Is Going on That May Impact Your Risk Program

1.      Increased reliance on technology will lead to better-run insurers and stable premiums.  The development of advanced loss control analytic tools will revitalize insurers focus on claim reduction, and potentially lead to increased investments in loss control.  Insurers are using business intelligence to leverage “big data” to help them estimate claims, assets, credit and market data, and gain deeper insights across networks of producers, policyholders, and operations.

2.      Mobile applications are one of the fastest growing areas of insurance. Businesses are able to manage risk programs through technology.

3.      Cyber liability will continue to be a major area of concern for all businesses. The government will continue to require businesses to protect customer’s information.  Those businesses that do not will be subject to increased fines.

4.      Most insurance companies are moving toward using data to develop commercial insurance premiums. This means your business will need to rely more on your agent. Your agent will be able to help you navigate through the complex maze of insurance program design, marketing, and placement.

We maintain relationships with underwriters who are specialists in the commercial property insurance arena, and we consistently monitor the marketplace for new and innovative underwriters. We will evaluate your specific business needs and make personalized recommendations for your business.

 

Posted 10:08 AM  View Comments

Share |


No Comments


Post a Comment
Name
Required
E-Mail
Required (Not Displayed)
Comment
Required


All comments are moderated and stripped of HTML.
Submission Validation
Required
CAPTCHA
Change the CAPTCHA codeSpeak the CAPTCHA code
 
Enter the Validation Code from above.
NOTICE: This blog and website are made available by the publisher for educational and informational purposes only. It is not be used as a substitute for competent insurance, legal, or tax advice from a licensed professional in your state. By using this blog site you understand that there is no broker client relationship between you and the blog and website publisher.
Blog Archive


View Mobile Version
Yelp
Facebook
Google_Plus
Carriers
Carriers
Carriers
Carriers
Carriers
Carriers
Carriers
© Copyright. All rights reserved.
Powered by Insurance Website Builder