There is no substitute for good dialogue between a business owner and an insurance agent. Businesses need to avoid setbacks, keep employees safe, help employees avoid injuries, and evaluate proper insurance coverage with an insurance agent. The policyholder must have confidence in the insurance company’s financial stability and in the agent’s knowledge and integrity. The insurance company underwriters must trust that they have complete and factual information from the agent about the business’ operations, loss runs, and the policyholder’s ability to control claims.
Agents and insurers expect an insured to maintain complete and accurate payroll information for all employees, to use only subcontractors that maintain proper State of Tennessee Workers Compensation, and to be financially responsible to remit all premiums when due. To purchase or renew insurance coverage can be confusing, expensive, and challenging for new or existing business owners. Choosing the right carrier and agent can be as important as hiring the right employees.
Chapter Five is information-packed! We will cover the importance of working with a competent insurance agent, overcoming the concerns caused by workers in multiple jurisdictions and how to work with an insurance agent to get the best policy.
-Check out the Introduction video for Chapter Five-