Business Insurance Basics And The 5 Cash In Your Pocket Ways To Save On Your Next Policy

If your already in business with an insurance policy the basics of this article will be familiar too you. Yet, in this article we share the 5 tips that could save you thousands of dollars on your current or next policy so it very well could be worth your read!

Keywords:

business insurance,business health insurance,business health insurance small,safeco business insurance

Article Body:

All insurance companies exist for one reason. They are in business to make a profit. The way they do this is simple. We, the customers with insurance policies, pay a premium for the peace of mind that if something bad should ever happen, the insurance company will compensate us for the losses and we won't loose the items were insuring. If the insurance company pays out less for claims than it brings in from all the current policies it makes what's called an underwriters profit.

So obviously 'business insurance' is a policy which is intended to serve the needs of a business rather than the needs of an individual. In general this type of policy protects a business from monetary losses due to just about any type of catastrophe you can imagine, fire, theft, vandalism and even business loss insurance can protect a business should they have a bad quarter or lose money for a short period of time. Business insurance can also help stabilize your business by establishing better credit relations and provide a retirement plan for your employees.

Needs of Business Insurance:

Whether it is a small enterprise or a large corporation, the success of a business always depends largely on the hard work and ingenuity of its employees. Yet, a single disaster can eliminate all the profits, wipe out a business and leave many hard working employees on the street. The only key to make sure that all the money and effort that have been invested in a business is completely secure in case of any tragedy to the business is to protect the business with an appropriate insurance policy.

There are mainly five ways to save big bucks on a business insurance policy and they are as follows:

1. Shop around: Now a days it is very easy in getting the names of companies or brokers who specialize in business insurance and comparing prices online before purchasing, this alone can save you truck loads off your monthly premiums over the next few years.

2. Choosing a higher deductible: By choosing a higher deductible you the customer pay less for the policy. As an additional side note here, this also works for home and auto insurance and can save you thousands over the next few years as long as you know that if you need to make a claim it will be a higher fee.

3. Purchasing a package policy: It is sometimes cheaper to purchase a package policy rather than individual coverage and this can be ideal for small and medium sized businesses.

4. Work closely with the insurance agent: By working closely with your insurance agent you'll get valuable advice to protect your business from unexpected disasters.

5. Follow the Insurer's recommendations: By following your insurer's recommendations and guidelines you will be able to reduce your premiums. Basically this is because the insurer thinks you are less likely to make a claim.

Benefits of Business Insurance:

Not usually manditory, most businesses have a certain kind of insurance whether they are a for-profit or nonprofit company. That is why business insurance is very essential for every companies as business risks increase year by year. It is very necessary to know what insurance to purchase depending on the nature of your business. If there are lots of assets in your business then the theft and property damage insurance should be considered as well.

Countless hours from talented staff are spent in developing your business. Therefore it is very important to plan to secure your business from a lawsuit, natural disaster strike or some other crisis. And thus we find the actual need of business insurance.

Credit Policy - Rules For Successful Computer Consultants

Credit polices are set for your protection. Make sure you establish the willingness, ability, and history of payment by establishing clear and concise credit policies.

Keywords:

Credit Policy, Credit-Policy

Article Body:

Credit policies need to be set to protect yourself from non-payment. If you make sure you have clear credit policies from the start you will reduce your risk of nonpayment. To do this there are a few simple rules you should follow:

Rules For Credit Policies

With every written credit policy, include two or three sentences that explain credit is granted subject to credit approval. This way if you grant credit you always leave yourself an out if they refuse to give you a credit application, the credit application is incomplete, or you do a credit check on them and they have horrendous credit. You MUST be able to refuse credit.

Insist on getting a deposit check with the credit application. This credit policy allows you to assess ability and willingness to pay by making sure the check does not bounce.

Your credit policy must ensure you get a complete reference and credit check for each applicant. If you are dealing with brand new businesses that do not have a credit history then your credit policy should maintain that these contracts are done with a credit card. Don't take the chance.

When establishing your credit policy make sure you do to the reference checks. You'd be amazed at some of the things that come back.

Last rule for credit policies; be really conservative with your lines of credit. You can always extend lines of credit, but you can't cut lines of credit without damaging the relationship. Start low and end high.

The Bottom Line on Credit Policies

Credit polices are set for your protection. Granting credit is a client convenience but ultimately you only want clients that pay you. When you establish your credit policies make sure you cover off these simple rules. They will ensure you get paid and that you remain in business long enough to grant lots of worthy credit.

Copyright MMI-MMVI, Computer Consulting 101. All Worldwide Rights Reserved. {Attention Publishers: Live hyperlink in author resource box required for copyright compliance}

Customer Service Policy Geared For Excellence

One unhappy customer can tell the world about inferior service while very few happy customers tell a single person. Having a rock solid customer service policy can help you deal with all aspects of your customer's requests. This policy should cover basic areas of a customer service program, which will help you to develop a positive relationship with all of your customers.

Keywords:

business, marketing, customer service, satisfaction, personal level, return policy, hours of operation, guarantee, warranty, value

Article Body:

One unhappy customer will tell the world about inferior service while a happy customer rarely tells a soul. Your challenge as a business owner is to create a buzz so positive about your products and services that your clients and customers will become your raving fans and will tell the world about you!
Your lesson for today is to put pen to paper and write a rock solid customer service policy for your business. This policy should state explicitly how you will treat your customers at each and every turn. By answering the following questions, you will have covered the basics of your customer service program.
Are you ready?

1. Who is your customer, and what are you doing to get to know him or her on a personal level?
Examples: Customer profile cards
One employee assigned to following the wins and wows of your customers
A bulletin board celebrating the events in the lives of your customers
2. What is your return policy, and how are customers treated when they return an item?
Use the same courtesy you used when a customer purchased an item.
3. What is your policy for returning phone calls and eMails?
Customers generally want a response within 24 hours, and this policy should be stated and posted.
4. How does everyone in your company answer the telephone?
People want a cheerful voice on your end of the telephone. They also do not want a busy signal when they call.
5. What is your policy for dealing with customers during a wait?
People love special treatment. Use this time to roll out the red carpet by offering a cup of coffee, a soda, or a glass of sparkling water.
6. What is your policy for training staff on how to serve your customers?
Spend one hour, two times per month, educating your staff on how to treat your customers. This treatment could make or break your relationship with your customers.
7. What is your policy for dealing with vendors and their products?
Your vendors are a part of your company, and the quality and care, which you request from them for your customers, should be exceptional. Remember...if your vendors are not providing you with outstanding customer service, your clients/customers will suffer.
8. If you offer a guarantee or warranty, are you honoring this?
If your customer knows that your product or service is guaranteed but there are too many loopholes that make this null and void, you will lose trust with your buyers.
9. Who is your benchmark?
Benchmarking is the continuous process of measuring products, services, and business practices of your company against the toughest and best competition in your industry. Your benchmark can be anyone and does not have to be restricted to your local region. What is the best company in your field doing that you are not doing or that you can do better?
10. What is your policy for dealing with customer complaints?
People do not want excuses from you regarding poor service. They want help, and they want words that are empathetic such as "I can tell you are disappointed. I am so very sorry. Let me see if I can help you out of this jam." If a customer thinks there is a problem, there is a problem. A customer is always right even when he or she is wrong.
11. What is your shipping policy (if you ship products).
People want quick delivery, and they want their product delivered in impeccable condition. Work this out on paper and be prepared to tell a customer with confidence that he or she will receive the product quickly and in great shape!
12. How do you keep a client updated when an item is on backorder?
Keep the lines of communication open by sending frequent updates on the status of a customer's wait.
13. What are your hours of operation?
This seems simple, but it is very important. People want to know when you are open and when you are closed. Post these on your website and add them to your voice mail greeting.
14. What are the 20 ways that you add value to your customers?
Do you offer private sales? Do you offer discounts to current customers? Do you invite your customers in to sample new products and services before the general public gets a peek? Do your best to come up with at least 20 ways that you add value to your services, and deliver those with a wonderful attitude? Do you offer a kid's corner, Valet parking, a Concierge service, or something that makes your customers go WOW? Think creatively on this question, and come up with at least 20 ways you add value to the life of your buyers. This could be something as simple as special soap in the restrooms or the most current selection of magazines in your waiting area.
15. How often do you use customer satisfaction surveys to improve your business?
Surveys are a great way to find out what is on the minds of your customers. On Day 76, we will be asking you to develop a customer survey, so begin thinking about what it is that you want to know that will improve the effectiveness of your company.
© Copyright 2004 by Alicia Smith