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How does your insurance agency stack up?

Over our 30 years in business as insurance brokers, attorneys, expert witnesses and consultants, we have come to understand that insurance is not a commodity. Policies differ greatly among one-another and the terms and conditions of coverage can change with market conditions.

We have also come to learn that a business insurance and risk management program can be a critical component of a company's future. We have seen major uncovered claims destroy businesses and are routinely hired as expert witnesses in a wide-range of insurance agent malpractice lawsuits lawsuits which take years to see any recovery.

Managing your commercial insurance in the most careful and economical manner for your business involves spending quality time with a team of experts that not only understand insurance but are interested in minimizing your risks.

Our team of account executive experts include attorneys and certified public accountants that have years and years of experience in dealing with business and legal risk and use this knowledge to effectuate broader insurance programs and coverages than are typically found.

Take a look at what we believe are critical areas of service of a good business insurance agency:
 

Does your existing insurance agency...

1. Include an attorney or CPA as a team leader on your account to communicate the intricacies of risk and insurance to you?

2. Have agents and advisors with professional insurance designations such as Certified Insurance Counselor (CIC), Chartered Property and Casualty Underwriter (CPCU), Accredited Advisor in Insurance (AAI), and others?

3. Offer more than a once-a-year set of insurance policies and instead presents risk management and loss control advice?

4. Take initiatives in offering alternative insurance plans?

5. Request copies of leases for any space you are leasing? Such leases often include insurance requirements and contractual assumptions of liability that must be reviewed as part of the risk-management process.

6. Request copies of employee handbooks and job applications so that the employment exposure can be reviewed and minimized through appropriate legal and insurance advice?

7. Discuss wage and hour, EEOC and other employment regulations and laws impacting your business and how they are covered or not covered by your insurance program?

8. Keep you informed about developments in the insurance industry that could affect your business?

9. Maintain a sense of urgency as to your needs and requests?

10. Avoid transferring responsibility for your account to a less experienced person in the office once the account is sold?

11. Provide you with summaries of insurance that detail not only the insurance limits but present coverage issues that could affect any loss settlement?

12. Provide you with articles and special reports on risk management topics such as risks incident to using independent contractors, risks associated with employment law, leases, employee leasing, etc.?

13. Work on your behalf when you have a claim problem?

14. Serve on your safety committee or if you do not have one, suggest that one be set-up?

15. Offer to provide in-house seminars to your company on topics such as anti-harassment procedures, safety, and other related topics?

16. Rank in the top ten largest business insurance agencies in metro-Detroit?

17. Appear to be truly concerned with your coverages and protection instead of only selling bottom line price?
 

Want a second opinion on your insurance program?

Cambridge Property & Casualty strives to go the extra-mile for our clients through the above standards. We find that in the long-run this assists in containing costs and educating businesses on insurance and risk.

If you would like to see what we can do for you, call us today for a free review of your commercial insurance program by one of our insurance attorneys or CPA's.