Southern California is a magnet for all kinds of criminals, burglars, scam artists, and highwaymen. Combine this with the massive amounts of cargo moving through the area and you have a dangerous recipe for violence and loss. The Los Angeles-Long Beach port complex - the nation’s busiest – each year handles more than 5 million shipping containers, with cargo valued in excess of $170 billion. Los Angeles International Airport ships 78% of the Western states’ air cargo. Lesser amounts move through Ontario and Orange County airports and the extensive railway system adds to the transportation indigestion. Moreover, thousands of individual commercial enterprises use their own trucks to ship to each other on Southland freeways.
// Face to Face
Bowermaster and Associates has been providing insurance solutions to our customers for 60 years. Since 1954 we have placed customer service and insurance knowledge at the top of our list of priorities. As times changed, our forms of communication also changed. We have made significant investments in technology and communication equipment – computers and phones – to try and give our clients more ways to get their insurance questions answered. However, we still have not found a more effective method of communication than old fashioned face-to-face conversations. Those are the times when our clients feel most comfortable in asking the insurance questions that matter most.
When it comes to insurance policies, the little things can make a difference. Attention to detail, the accurate interpretation and definition of terms, and the proper addition of endorsements all have major roles in determining if coverage is correct. Insurance brokers can guide you in understanding some of these fundamentals. Your own insurance knowledge of some of these "little things" can keep you adequately covered and add profit to your bottom line. A business insurance policy is serious business and even though much of the language is standard, there is plenty of room for misinterpretation and misunderstandings.
Tough times call for businesses to make tough choices. The key is to know the difference between a tough choice and a wrong choice. When it comes to your business insurance, the wrong choice can cost you coverage or even cost you fines and penalties. Note the following: Late claim reporting: There are many "reasons" for not immediately reporting a mishap to your insurer.
Main frames. E-mail addresses. Wireless internet access. Links. Networking. In today’s business world, all companies send, store, and receive traditional information in very non-traditional ways. Much of this information is private and sensitive - driver’s license numbers, addresses, credit card numbers, bank accounts, PINs. Information that we used to keep in our wallet or locked away in a file cabinet is now typed daily onto a keyboard and sent over the Internet. How does it work? How safe is it? What is Bluetooth, anyway?
Is the premium you pay to an insurance company just money down the drain or an investment in protection? Is this cost just a necessary evil or money well spent? Most every discussion with business owners will revolve around the term "Return on Investment". Money is tight and we all want to make sure that there is an actual benefit resulting from every cost.
A most fascinating factor of the commercial insurance industry is the opportunity to work with business owners. These people are the pioneers, the risk takers, the entrepreneurs who generate most of the jobs in America. The stories they tell of the trials and tribulations, the peaks and valleys of opening and operating a business are the stuff of dreams.