Beyond Insurance… Risk Strategies
Someone once said, “The only thing you can count on is change.” When it comes to insurance buying, that is unmistakably true. Today, people have more ways than ever to secure insurance coverage. However, are they getting the coverage they need? Another true statement is, “The more you have, the more significant risks you have.”
The combination of change and risk leads us to the understanding that people should be seeking an insurance partner who understands their changing needs in a risky world, rather than being able to secure a low-cost insurance program. People who have a higher net worth should be primarily focused on protecting assets.
If a lawsuit threatens the lifestyle you have created, you want a partner to stand beside you. You need personal liability insurance options to safeguard your family and assets in the event of personal claims against you at limits that exceed the liability protections provided by standard policies.
Many individuals have unique risks which can include:
- A second home
- Farm or rental income
- In-home business
- High valued homes
- Foreign travel
- Domestic employees
- Identity theft
When Searching for an Insurance Partner, Ask These Questions:
- Does your agent educate you about your risk before trying to sell you a product?
- Is their staff experienced and qualified to manage your needs?
- Is your agent more interested in a relationship as a trusted partner rather than as another insurance client?
- Is your agent committed to work for you rather than for the insurance company?
- Does your agent design a program based on your individual needs and then give you options?
- Does your agent advocate for you through customized analysis of your risk and needs?
- Is your agent committed to leading the claims process to a satisfactory outcome?
- Does your agent have access to sophisticated personal insurance carriers that offer specialty products and personal risk solutions?
- More time buying products and services online from home.
- Increase use of home networks for business use.
- Using business owned office equipment at home for your work.
- Work meetings at personal residences or on-line.
- Connecting to open networks for work purposes at restaurants or other places.
- Use of personal vehicles to and from client’s offices.
- Use of personal vehicles for delivery jobs.
- The storage and use of paper documents for work at your home residence.