At XL Brokerage Inc. we have seen a lot of great Selden, NY companies stick with a poor commercial insurance company for far too long. We understand that switching can be a difficult or troubling experience. However, it is one that must be done to protect yourself from excessive costs.
Your Rates Keep Increasing
A great commercial insurance company will rarely increase your rates. However, when rate increases do occur, you will get an advanced warning and an explanation for these increases. If your insurance company keeps increases for you and refuses to explain them, you should consider new insurance options.
Coverage Is Getting Worse
When a company raises your rates, there should be a reason for it. Is your coverage increasing or improving due to this extra cost? If so, it is probably worth the extra money. However, if your coverage amount decreases while your rates increase, something is up. That’s when it is time to consider a new source of commercial insurance.
New Business Is Becoming Available
Is your company expanding its range or bringing in new partners? It might be time to start thinking of new commercial insurance. That’s because the range of your company is expanding and a new group of people may need coverage. Talk to your policy provider first before making any major switches.
Changes To Personnel
If you are welcoming new employees or new owners to your company, reconsider your commercial insurance. This change is different than when you add new business because employees and owners are typically more permanent.
Is It Time To Switch?
With the help of XL Brokerage Inc. brokers, your Selden, NY business will get the kind of commercial insurance it deserves. Whether you are switching to us or away from us, we will help you with the process.