As the owner of a construction business, choosing your Insurance Company is one of the biggest decisions you can make. During Coronavirus, insurance has become even more important. We’ve all woken up to the fact that if our insurance company didn’t advise us properly, our protection against financial loss can be inadequate.
3 Hard Lessons for Contractors from Coronavirus
Now’s the time to assess your insurance coverage. Choosing your insurance company takes on a whole new meaning now that you’re facing the insecurities Coronavirus has brought to your door.
Did you pay enough attention when you should have?
If you are in lockdown there’s no way for you to do your work because your sites are closed. There are other problems for contractors who are not in isolation. For instance, you could be dealing with the stress of delays in the delivery of building materials and uncertainty about whether your projects will continue. But these all boil down to the same thing: should you have paid more attention to your insurance when you could?
This is just one of the uncomfortable questions Coronavirus has raised for contractor business owners.
Why business relationships are important
We are all aware that we should have an insurance company that we can rely on, especially during a difficult time. Did you spend some time choosing your insurance company with this in mind, or was price your only consideration?
So here’s another thing we’ve learnt from Coronavirus. Who can you trust when the going gets rough? If you had to do it again, how would you know which is the right insurance company for your specific needs?
Price is not the only consideration
One question that you could ask yourself is whether the insurance company has both the right credentials and the relevant experience. Another question to keep in mind is the type of coverage they offer, and whether the offered coverage is right for your business.
But don’t be fooled into paying high prices! Cheap contractors insurance can still be excellent, if you know what to look for when choosing your insurance company.
Do you know about Farmer Brown yet?
It makes sense to choose an insurance provider that specializes in contractor coverage. But why? Your insurance program should fit both your construction trade and your particular business’s needs.
When choosing your insurance company, you’ll be pleased to find out that we can assist you find the best coverage for your business. We’ll make sure that you are adequately protected. In addition, we won’t sell you insurance that you don’t need.
Choosing your insurance company
Speak to our knowledgeable professionals today and receive the advice you need to ensure you get the coverage you need.
- We represent over 18 different insurance companies from large national companies to smaller regional companies. So, we can get you insured correctly at the lowest cost. A number of different financing and payment options offered, making it easy for you to get the right coverage for your business.
- We’re licensed in all 50 States too. No matter where you are, we can assist you.
For more details on how we can assist you, contact Farmer Brown at (888) 973-0016 today. Our goal is our clients’ 100% satisfaction, especially during troubled times. Let us do the same for you and your business.