What Documents Do You Need To Qualify For An Insurance Agency Loan?
4 August 2022
If you're thinking about starting or expanding an insurance agency, you may be wondering how to qualify for the loan you'll need to do so. As with any other loan, you will need a good credit score and a solid business plan.
However, there are a few other things you'll need to take into account when applying for an insurance agency loan. These are some of the documents you may need to provide to secure the loan you need.
Convincing Reasons to Use Surety Bond Insurance in Your Business
22 June 2022
As the owner of a contracting business, you want to offer the services for which customers hire you while also protecting your workers. You likewise want to lower any financial liability your company bears during ongoing projects for your clients.
With that, you may need to invest in financial protection for your business and the people who work for you. You may find it helpful to purchase surety bond insurance for the employees you hire to work for you.
Why Upfront Insurance Payment Is An Economic Masterstroke
11 May 2022
Most insurance companies allow regular and upfront premium payments; for example, you can pay your monthly or annual premiums. The upfront payment does not look attractive since it requires a significant investment. However, upfront payment has several financial benefits.
Below are some of these benefits.
Many auto insurance companies award discounts to those who make upfront payments. Your upfront pay shows that you are committed and financially responsible. The discount is both a reward and an incentive for similar behavior.
How Can You Lower Your Business Insurance Premiums
28 March 2022
About 40% of businesses will file a claim for a property or general liability with their insurer within ten years. For this reason, you can be sure that having business insurance coverage with an insurance agency service will pay off at some point.
Yet, many small businesses in the US are underinsured, while some don't have insurance at all. If you fall in this category, and insurance cost is the main reason you don't have coverage, this guide offers valuable tips to reduce your business insurance premiums.