Buying a business and personal protection is one of the most critical decisions you can make. Without insurance, you will have to pay for accidents out of your business’ account or personal assets. Choosing the right insurance is challenging due to the different coverage each offer. Not only do you need to select the coverage but also the provider. You can have the best coverage, but the company has poor customer support. This article will help you get started on how to select the right insurance agent for personal and business insurance.
- Know the Difference between Independent Agents and other Insurance Agents. An independent agent is a small-business owner who represents different insurance companies. Such agents are often employees of the large company and only sell products from that agency. A direct insurance agent will sell directly to you. When dealing with an independent agent, you can match prices and coverage that best suit your needs. In case the company is competitive in one year and not the next, the independent agent has the authority to quote other carriers.
- Ask for Referrals. Maybe some of your friends or family members are dealing with the best insurance companies. Ask why they like their agent and how the company handles its clients. Find out about the company’s policy. You may need to ask whether the agent has an office so that you can drop by and get more information. You will find out that independent agents are committed to society and are actively involved as coaches, and civic leaders.
- Visit their websites. Many direct agents will sell their insurance online. Their sites are full of information. Read about the history of the company, the coverage they offer, and their customer testimonials. The company may also provide you with quotes, either online or through the phone. Look for that company that gives their personality on their website. Know what the company thinks is important and the type of customer service they provide. You can check out the site of this insurance agency, as an example.
- Look for Credentials. Insurance companies should be able to give the advice you need when deciding what coverage and limits you need for your personal and business insurance. You can look for independent agents who have letters next to their names on their business card. These letters represent their professional designations — for example, Certified Insurance Counselor (CIC). These credentials prove that these agents take continued insurance classes.
- Interview the Agent. You should create a rapport with the agent you choose. Personality is essential when looking for long-term engagement. Know how knowledgeable the agent is and get a sense of their integrity. Trust may be difficult to determine at first, but make sure you ask about the coverage and limits that you need. Interviewing will give you a good feel of how a company does business.
Take time before choosing the right insurance agent for you since the relationship will last a long time. A good agent should provide the best coverage and limits at the most competitive premiums.
