Whether you’ve had your current BOP insurance coverage for a few weeks or a few years, it doesn’t mean you can’t switch insurance companies at any time. There are many compelling reasons to explore other options out there.
Maybe when you first started your business, you were in a hurry and picked something fast. Or you have been with your business insurance broker for years but have heard there could be better options. Getting insurance for your business has never been easy but thanks to the digital revolution.
Many insurance companies offer automated online business insurance services, and signing up is as easy as a few clicks of the mouse. Here are telltale signs you may need to switch insurance companies.
You’veHad Bad Claim Experiences
Maybe it’s the ultra-long wait times when you call your agent, or they just don’t respond to your emails. Or simply had to wait months before an insurance claim was resolved, with no information on why it took so long. There’s no reason to stay with a company that hasn’t treated you well in the past.
In this modern day and age, consumers have many choices than ever. They can research information about companies well online through insurance quotes before they interact with them. If you make a claim, you should receive your approval and pay-out within a reasonable time frame.
TheInsurance Provider is Difficult to Work With
If your BOP insurance company is difficult to deal with, its time you choose another insurance company. Anyone you speak to at the company should be responsive, supportive, and helpful. Furthermore, you should have someone to turn to with any question or concern and that someone should answer you promptly and clearly.
The provider should also dream up ways to make your life easier and your insurance more accessible. It could be a self-service portal where you can update additional insureds. If this criteria haven’t been met with your current carrier, it’s time to move on.
If you see one of the signs mentioned above, it is time you switch to another company so you can get the best out of your carrier.
