The task of choosing the right commercial insurance policy has become a stressful and time-consuming due to its diversity and complexities. Based on the National Association of Insurance Commissioner’s (NAIC) statistical data, there were a total of 5,954 insurance companies in 2017 in the U.S and that number is expected to grow. This article is purposely for newly created business owners or those businesses that still have no insurance policies for informative purposes. Here are some features of good commercial insurance policies.

Long-term Financial Stability
Despite the fact that all insurance companies are required as per US law to have big bank accounts to ensure that they comply with their customer’s future responsibility, it’s still necessary to do research work for the financial health of insurance companies.

Global in Size and Long-standing Experience
For practical reasons, choose an insurance company that has a worldwide network of branches and backed-up by long years of insurance experience. A company that has several branches globally can maintain stability in its financial assets in spite of differing economies, and with time-tested experience through the complexities of insurance diversities will assure you a peace of mind for your investment.

Have the Ideal Coverage and with Flexible Options
With so many diversified companies being offered in the market, it is highly important to choose a company that specializes in your specific insurance needs and has a wide variety of alternative options for possible future insurance transactions. For example, if you have a construction services business which involves a lot of manpower for risks of accidents, choose the ‘Liability and Worker’s Compensation Insurance’ and a company that offers other special packages like Business Owner’s Policy, Directors/Officers Insurance, Data Breaches and others. You can review your insurance each year and upgrade for more options as your company grows.

Lastly, additional advice for businessmen: learn the insurance language. If you are new in the field of insurance, it is necessary to learn insurance terminologies and the in/outs of differing insurance processes. Other related areas of concern, like legalities and accounting, should not be ignored.

The Common Denominator
In finding the ‘right’ company, choose the one that has been financially stable with a global network of branches, long years of experience, and most importantly the one that suits your business with lots of options for future insurance alternatives.

If you are still undecided on what commercial insurance company to choose, call one of the best insurance services in Naples, Ackerman Insurance Services, at (239) 597-1096 and have our experts in commercial insurance in Naples help you decide on the ideal and right insurance for your business.

Ackerman Insurance Services also offers several insurance packages like our Naples commercial property insurance, auto insurance, boat insurance, condo insurance, flood insurance, homeowners insurance, life insurance, motorcycle insurance, personal umbrella insurance, life annuity, and others.

You can email us directly at [email protected] and have a FREE QUOTE, or visit our website at https://www.ackerman-insurance.com/.