Choosing the right insurance agent is one of the most important decisions that a construction company can make. Insurance is essential in protecting against financial risks, and selecting an insurance agent who understands the industry and has experience in meeting your needs is critical.
Here are some of the reasons why it’s crucial to select the right insurance agent for your construction company:
Experience: It’s vital to ensure that your insurance agent has experience in the construction industry. An experienced agent will better understand your specific insurance requirements, such as coverage for tools, vehicles, and employees. Additionally, an experienced agent can explain the differences between various policies and coverages and advise when additional coverage may be necessary.
Comprehensive Coverage: Insurance companies offer a variety of coverages, from property damage to workplace injury. A good insurance agent should be able to provide you with comprehensive coverage tailored to meet the specific needs of your business. This means that you should have proper coverage for the types of equipment used in construction and for employees, contractors, and other parties involved in the job sites.
Cost: Insurance premiums can quickly add up, making it essential to select an insurance agent that offers competitive rates and discounts. An experienced and knowledgeable agent will be able to work with you to find the best policy and rates based on your needs.
Claims: When a claim is made, it’s essential to have an insurance agent who is familiar with the process and knows how to handle complex claims quickly and efficiently. A good insurance agent should be knowledgeable in the claims process and be able to help you determine if your policy covers a claim.
Customer Service: The customer service of your insurance agent can make or break your experience. An insurance agent should be readily available to answer questions and help guide you through the process. Additionally, your insurance agent should have a record of responding to customer inquiries promptly.
Choosing the right insurance agent for your construction company is essential for ensuring you have the coverage you need at the right price. An experienced and knowledgeable agent can assure you that your business is protected and your finances are secure.
Riley Winchester, AAI, CLCS
Ross & Yerger – one of the largest independent, privately-held insurance agencies in the Southeast – was established in 1860 and is headquartered in Jackson, MS. The firm has over 130 employees throughout their five offices in Jackson, Tupelo, Hattiesburg, New Orleans, and Memphis. Ross & Yerger is licensed in all 50 states and offers a full range of brokerage services, including insurance, employee benefits, bonds, financial services, and risk management consulting. For more about Ross & Yerger, visit www.rossandyerger.com.