Property Casualty Insurance Audits and Recovery

CASUALTY INSURANCE AUDITS

Business Lending Solutions can quickly provide your company’s management team with the peace of mind that comes from knowing you’ve made prudent decisions regarding your crucial business insurance needs.

On your behalf, we’ll conduct a risk-free and cost-free review of your company’s current insurance policies that’s as thorough as it is unbiased. If you’re getting maximum value for your premiums, we will confirm it.

BUSINESS LENDING SOLUTIONS MAKES IT EASY TO KEEP YOUR OPTIONS OPEN
If, and when, Business Lending Solutions find an opportunity to save you money, we’ll detail the cost-saving opportunities that are offered by other top-notch insurance providers that we can heartily recommend. What’s more, at your request, Business Lending Solutions will even negotiate with one or more of these carriers to obtain the best value for your company’s hard-earned insurance premium dollars.

WE MAKE SURE YOUR COMPANY’S SIZE IS A POSITIVE FACTOR
As a general rule of thumb, businesses become more attractive to insurers as they grow. Increased revenues and payrolls mean more risk, but they also mean a more statistically credible base on which insurance companies can estimate claims. The more employees you cover for health insurance, for example, the more predictable your losses become, and the easier it is to spread your risk.

On the flip side, as your revenues and payroll increase, insurance premiums will also increase for certain types of coverage. Liability coverage is based on sales and revenues. Moreover, workers' compensation rates are generally based on covered payroll, while health insurance rates will not necessarily increase with more employees, more employees means a higher overall premium.

Many insurance contracts have language that allows the insurance carrier to modify its rates if your employee population fluctuates by as little as 10 percent, up or down. We make sure your insurance agent or broker—and all of your carriers—understand your employee projections before they write any policies.

WITH BUSINESS LENDING SOLUTIONS, THE PERCENTAGES ARE IN YOUR FAVOR
Over 90% of the time, Business Lending Solutions is able to help clients realize substantial savings on their insurance coverage. The examples of savings shown below reflect the Final Premium paid by the client versus the First Quote presented by the incumbent broker at renewal.

(Note: Where savings are estimated, the client left a guaranteed cost program for a loss sensitive program. The savings are conservatively estimated based on expected losses.)