Why Price is Not the Only Consideration When Purchasing Commercial Insurance

Why Price is Not the Only Consideration When Purchasing Commercial Insurance

Owning and operating a business can be complex and multi-faceted, but if you have the right type of OK business insurance, you can rest assured you will have the full comprehensive protection that you, your customers, employees, and your business deserve. Finding the right type of insurance isn’t always easy when there are so many available and tempting claims that offer you the “best price” around town, but what they don’t advertise is that that price may not include some very important insurance options that your business needs! Find out why price is not the only consideration when purchasing commercial insurance.

Cheaper Does Not Always Mean Better

Although the cost of your commercial insurance is a key factor, there are other variables you need to consider when purchasing the needed protection for your OK business. Sometimes selecting the cheaper rated insurance package can leave you in a financial bind down the road. Some very important aspects of a full comprehensive business package to consider, along with price, include:

Why Price is Not the Only Factor to Consider When Buying Commercial InsuranceYour Agent- When choosing an OK independent insurance agent, you should look for one that is reputable with a solid financial background, who delivers knowledge/experience, provides excellent customer service, and has strong relationships with other insurance carriers. If you select an agent that encompasses these attributes, you can rest assured that he/she will be in a much better position to handle your claims fairly and efficiently.

Full Comprehensive Commercial Package- Your business is unique and so should your business insurance policy that is put in place to protect it. Determining what your business insurance needs are is the first step in customizing an insurance package that will support those needs should something unfortunate happen. That bargained price insurance policy you saw advertised might be a generic type of insurance policy that may leave you high and dry when you need it the most.

Outstanding Customer Service- When something goes wrong, there is nothing worse than trying to reach a business or person for assistance and that person is rude or won’t call you back. Finding an insurance company that is there to answer any and all questions, handle your claim in an efficient and prompt manner, and return phone calls are all important when deciding on the optimal protection for your business.

Availability of Information/Automation- If your business suffers a loss on a weekend, holiday, or middle of the night, will you be able to report the claim immediately or will you have to wait until the office reopens? Being able to report your loss right away gives you peace of mind that your loss is important and will be handled. Having to wait to report your business claim for days can lead to frustration and disaster. The option of being able to check your claim status online is also a great option and a factor to contemplate.

All Things Considered

Price is certainly a factor to take into consideration, but should never be the only one when purchasing a commercial business policy for something as valuable as your OK business. Our OK independent insurance agency is here to assist you with all of your business needs and can custom build a fully comprehensive insurance package just for your type of business, all within a budget you can afford. Call us today at 918-341-6081 for all of your insurance needs.




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