by Michelle Ferris on Feb 16, 2016
There is a general misconception that buying business / commercial insurance is the same quick process as personal insurance often is. There are definite differences between how your car insurance and your business insurance would be written through an insurance agency such as PLC Insurance.
Personal insurance is often much more straightforward. Personal insurance agents are licensed to write the insurance policies themselves from a set of fairly standardized choices (dependent on each company). After examining the best available insurance companies' for your needs, and ensuring you have the right limits and discounts in place, your personal insurance agent would generally be able to quote you and have you sign a policy all in one sitting.
Commercial Insurance differs from personal insurance in that the agents are licensed to quote insurance, but cannot write your policy without approval from the individual insurance companies' underwriters. As your insurance agent, this is where a lot of work comes into play.
Every insurance company whose policies we offer tends to be quite different from the next:
We are happy to and able to write almost any kind of business insurance to make sure you and your business have the protection you need, whether it's something simple, like a home-based gardening business, or more complex, like a multiple location restaurant with catering and delivery.
Without all the information we need, this process tends to take longer, but as a general guideline, with all the necessary information in-hand, our timeline for writing insurance policies is:
The process is not instant, and we will need you to help us by providing information such as your business license, number of employees, square footage, annual sales, your experience in the field, building information, etc. But with a few questions answered and little time, we can find the best insurance policy and premium available to you.
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We have a customer, Al S. from Bothell, who went through a few different claims issues...
February 13, 2012
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Lynnwood office19401 40th Avenue W, Suite 440