LOS ANGELES, CA - 3/28/2016 (PRESS RELEASE JET) -- Business owners are required to show proof of insurance before they can conduct business. Before entering into an agreement or contract to provide professional services to other companies, the service provider will be required to show adequate insurance coverage. This can be one or many of a number of types of insurance – E&O, liability insurance, property damage coverage, commercial auto and Workers Compensation insurance coverage as well. Most service contracts have mutual indemnification clauses and many companies require service providers to add the client company on to the insurance policy as an additional insured.
Many small business owners are unaware of this and find themselves scrambling to get the coverage they need to win the service contract. A great many small businesses do not qualify as a ‘standard lines’ business insurance policy. This is especially the case if they have been involved in a lawsuit or have had an insurance claim against their business in the past. It is even more difficult for companies to secure adequate insurance if their business is less than 2 years old. Any of these conditions make their case a ‘hard to place insurance risk’, to use insurance jargon.
CompleteMarkets.com has solved this problem by connecting business owners to local insurance experts – someone that understands the nature of their business and localized needs. The company then connects the insurance agent to a qualifying insurance company (wholesaler or carrier) that has demonstrated expertise in that particular hard-to-place insurance risk.
“The service is free and available to businesses of any kind, size or location. We instantly match the business owner to the right insurance expert (a member of our insurance professional’s network). Since only ONE insurance expert answers the call for help, the business owners is not inundated with annoying calls from multiple insurance agents. The selected insurance agent, in turn is expected to adhere to a high level of service, helping the client with all of their insurance needs. When the insurance agent needs help placing the risk (normally with non-standard or special needs policies) we also help them by connecting the agent to one of our partners (insurance wholesalers or carriers). It is a unique process that is almost fully automated. The goal is to provide the insurance business consumer with the best available quality of service” said Adrian Holloway, CEO at CompleteMarkets.com.
Business owners looking for any form of insurance (liability, commercial auto, workers compensation and property insurance), no matter what their unique needs may be, can access these great resources 24/7 or call (800) 753 4467 during business hours.
Founded in 1998, CompleteMarkets.com is “where insurance goes to network” and is a professional network dedicated to the insurance industry. The company offers a wide range of products and services designed to helping insurance consumers get great service from the insurance industry.
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