Everyone knows the importance of communication. It is especially important in the insurance business. In order to save money and maintain proper coverage, there has to be an open line of communication between the policyholder and the insurance agent. With so many factors impacting insurance premiums — including what types of coverage to buy, exclusions, inclusions, breaking news — it is imperative for business owners to keep in touch with their agents in order to keep insurance costs down and insurance policies up to date.
“I would encourage someone who is shopping for insurance to be prepared to supply the agent with lots and lots of paperwork,” said Derek Boyd, senior vice president of Horizons Insurance Group Inc., Dallas. “The more the agent can confidently tell the underwriter for an insurance company, the more comfortable the underwriter will be with quoting the account. Communication is very important.”