Audit Services
Operating a business in today’s economic climate can be a daunting challenge. Companies of all types and sizes do their best to compete and operate with increasing visibility. But the smartest companies know that you can never be too careful, which is why The Central Insurance Agency offers premium audit services.
Are you utilizing the correct set of insurance packages for your needs? Are you over exposing yourself to unnecessary risk? Are you paying more money for insurance than you don’t need? These are all questions that can be answered with our audit services. Through a comprehensive, line-by-line review of your records, we will provide you with detailed information regarding your exposures and money-saving opportunities. Improve your visibility, save money and limit your risks with audit services from The Central Insurance Agency. Contact us today!
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What Many Insurance Brokers Don’t Want You to Know
Not all insurance brokers are the same. There are some that do not have their clients’ interests as their priority. Here are some things that those insurance brokers do not want you to know regarding their services.
01
The Majority of Their Income Comes from a Single Source
Ideally, an insurance broker has access to the products from numerous insurance companies. That is one way to ensure that its clients will have plenty of options.
What some brokers might not want you to know is that their income comes from a single source. That can be a problem because they could be pushing for the company which gives them most of their income regardless of their client’s needs.
02
How Your Premium Is Calculated
Some brokers will not tell their clients how their premiums are calculated. The calculation process is deliberately confusing. Insurance companies use this method to discourage comparisons.
The First Settlement Offers Are Deliberately Low
Normally, the first settlement offer is very low. In some cases, they are the lowest amount that insurance companies are obligated to pay.
That’s one way for insurance companies to make more money and your broker might not share that detail with you.
04
The Policy Exclusions
Some brokers emphasize on the things covered by their policies without mentioning the things that are not covered. You must ask your broker for a list of events where coverage does not apply for your policy.
These are just a few of the things that other insurance brokers do not want you to know.
$M Invested
Companies Financed
Managed Funds
Years Of Experience
Alarm Industry
The alarm industry is made up of businesses that sell, install, monitor, and repair alarms for businesses and homes. They’re in the business of protection but sometimes they become vulnerable themselves.
Alarm companies face significant risks. For example. What if an alarm fails to go off during an emergency? What if a company that’s supposed to monitor alarms fail to respond in time? What if the alarm does not work fast enough?
Those are just a few of the risks that are faced by businesses in the alarm industry. Unfortunately, those risks can cause financial problems for an alarm company.
Alarm Insurance Agency provides the right insurance solutions to alarm companies. Some of the policies that these companies typically need are the following:
Commercial Liability Insurance
Professional Liability Insurance
Umbrella/Excess Liability
Those are just three of the more common insurance used by alarm companies. There are others that a business might require and as a general insurance broker, we can provide those too.
Security Industry
The security industry in North America amounts to $29 billion and it’s still growing. While that is generally a good thing, it also means that security agencies are facing more risks.
The security agencies which provide security guards and security patrols for businesses and other organizations have plenty of insurance needs, maybe even more so than other types of businesses.
These are some of the coverages that are often needed by security companies:
General Liability
Umbrella/Excess Liability
Workers Compensation
Professional Liability
Assault and Battery
Client Property coverage
Crime coverage
Commercial auto
With these coverages, we can help ensure your security business is protected too.
Home Health Care / Light Community Care
Home health care companies provide medical care at the homes of patients. They help the elderly and sick people who cannot take care of themselves.
To give the right care for their clients, companies within this industry must have the right insurance coverage. Working with the elderly and with people needing care naturally exposes a business to risk and liabilities.
Because of our experience of working with companies in the Home Health Care and Light Community Care, we know how to come up with the most comprehensive coverage for your business and your employees.
Workers' Compensation
General Liability
Professional Liability
Employment Practice Liability
Commercial Auto
Crime - Third Party Theft
Employee Dishonesty Bond
Cyber & Identity Theft
Property Coverage
There are other forms of coverage that can help companies in the Home Health Care industry, but these are the most important ones.
Contractors
There are many different types of contractors providing services right now. Each one faces a unique set of risks. Because of the great number of risks faced by contractors the insurance solutions we offer to them have vary greatly.
Here are some policies that we offer to contractors:
General Liability
Property in Transit
Workers' Compensation
Commercial Auto
Umbrella/Excess Liability
Errors and Omissions
With our insurance policies backing you up, you can concentrate on delivering the best possible service to your clients. When you know that you’re protected, you can focus on what you do best.