RealTimeExpress Blog

December 11, 2012

Business Owners Policy. What Consumers Expect From Their Agent.

First, let’s define Business Owners Policy (BOP).  A BOP policy in general is a package policy that includes both property and general liability insurance.  In many cases additional coverages can be added.  A BOP policy covers businesses in the case of damaged or lost property.  In other words, in the event of a claim, you’ll receive enough settlement to replace the property.  The policy can also include personal property.  The liability portion of the BOP protects the business against claims of bodily injury or property damage.  It can also cover legal defense, libel, slander, & even false advertising.

Now the real question.  What do consumers expect from their Agents?

First of all, most policies, depending on the type of business, will have an average premium of $2,500.  For the small business, this can put a big dent in their annual budget.  Most businesses expect the agent to shop more than one market. Doing so, assures the business they are getting the best deal possible.  Price is important.  Using a small commercial comparative premium rater like RealTimeExpress.com allows the agent to immediately build trust by shopping all their markets with a single entry.

Secondly, businesses expect their agent to be the expert.  The agent must know about additional location/building coverages as well as policy enhancement packages.  The agent that knows this information establishes them as the expert in the industry.

Third, businesses expect their agent to explain the differences between multiple insurance company quotes.  Explain why one carriers premium may be higher than another.  Explain why one carrier may offer additional coverages and how that affects pricing.

Agents, for more information about RealTimeExpress.com, contact Mark Van Horn at 214-295-1586.

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September 25, 2009

Why Business Insurance?

Filed under: Commercial Insurance — realtimeexpress @ 8:38 pm
Tags: , ,

Business Insurance can be used to cover fire or liability for your business.  If you have losses in a fire, how would you continue to live?  There is Business Income Coverage, or Extra Expense Coverage in case you need to set up somewhere else.  This way customers don’t forget you while you get back on your feet.  Make sure you business has proper coverage.

Tell your agent about RealTimeExpress.com small commercial comparative rater for Business Owners, Workers Compensation, & Commercial Auto.

August 26, 2009

Beauty Shops Popular In Comparative Rater

Filed under: Uncategorized — realtimeexpress @ 3:58 pm
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“Beauty Shops” classification is gaining popularity in comparative raters.  Within RealTimeExpress.com it is the 6th most quoted classification for Business Owners Policy (BOP).  Here are the results of a quoted Beauty Shop classification using 6 carriers. 

Premium

  • Carrier A:   $2,700
  • Carrier B:   $4,368
  • Carrier C:   $2,018
  • Carrier D:   $5,304
  • Carrier E:   $4,353
  • Carrier F:   $3,718

As you can see, using a comparative rater gives you, the agent, options to present to your insured.  By the way, this firm bindable quote was was done in less than 8 minutes using RealTimeExpress.

For more information regarding RealTimeExpress.com contact David Taylor at dtaylor@quantumsys.net.

The above was quoted using $2mln in receipts, $200,000 payroll, and 5,000 sq ft.

July 29, 2009

How To Find The Best Deal For Your Commercial Insurance

Looking for the best deal on you commercial insurance?  Need a Business Owners Policy (BOP)?  Need Workers’ Compensation?  Need Commercial Auto insurance?  Here are the steps to make sure you get the best deal possible.

  1. Ask your agent if he or she uses an online commercial comparative rater.  Agents need to be able to give you more than one quote and they need to give it to you quickly (not days).  Many agents are not aware of these tools. 
  2. Ask to see a side-by-side comparison of coverages and premiums by insurance carrier.
  3. Ask your agent to clarify advantages & disadvantages of coverages by carrier.

Following these simple steps will ensure you get the best deal possible on your commercial insurance.  Insurance agents to be aware of tools that exists to make thier life easier & efficient.

For more information regarding www.realtimeexpress, contact us at helpdesk@realtimeexpress.com.

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