keyboard_backspaceBack to main blog page

R. David Bulen Insurance Blog

R. David Bulen Insurance Agency Paying too much for your Insurance? Not sure? Call us to compare. It’s fast, easy and best of all there is no cost to you! Experienced and licensed staff working for you to provide the best company, coverage and price available. You will always have a service team assigned to you. At each renewal we will quote your current policy to make sure you are still receiving the best coverage and price. Multiple policy discounts available. R. David Bulen Insurance is a professional team of caring individuals committed to providing superior products and service to our valued growing customer base. Are You A Business Owner looking for Competitive Insurance? Whether you’re looking for workers compensation insurance, commercial auto coverage, general liability or professional liability for your business, R. David Bulen Insurance is committed to finding you affordable and comprehensive insurance coverage, never compromising on protection or quality. You’re never just a number to us – and when you need your insurance coverage to respond, it’s like having family in the business. Looking For Personal Insurance? We have strong relationships with the most competitive carriers you’ll find anywhere. These strong relationships help us get you the valuable protection you need, and the fast – responsive claims handling service you expect when you need us most.

Getting Ready to Renew Your Worker's Compensation Insurance

Lisa Mosby Lisa Mosby , 12/16/2014
This content has not been rated yet.
R. David Bulen Insurance, CA, Workers compensationThe time of year is quickly approaching when your business will need to think about the renewal of its worker's compensation insurance. Start thinking ahead now to streamline this process and keep yourself and your management from the last minute scramble. Your insurance agent is a part of your team and wants to get you the best deal on insurance. However, if he or she does not have the appropriate information, he will not be able to advise you to the best of his ability. Here are a few considerations you should keep in mind as you get ready for worker's compensation renewal time. Basic Information Your agent needs to have the basic details of the business correct before he can proceed. Has your business changed its name in the past year? Have you added a new owner or other position of authority? What about legalities? If your company's legal entity has changed, perhaps through incorporation or becoming an LLC, your agent needs to know about it. Have the needs of your business changed? Is the focus of your business still what it was the last time that you signed up for worker's compensation insurance? Have you hired on additional employees or were a few positions eliminated in the past 12 months? How many employees do you have and what are their job classifications? All of these questions give your agent a clearer picture of what your worker's comp insurance needs may be. Past Claims History Your agent probably has your past claims history, and these facts can change your worker's compensation costs. Look through your own records and review all past worker's compensation claims for the past two or three years. Then compare the information in your own files with that of the insurance agent's files. A mistake on the agent's part could cost your company thousands, so it pays to be aware of any errors and ask the simple questions. Payroll and Income Estimates for the Upcoming Year Although it can be hard to estimate what your payroll and gross receipts will be over the next year, you should at least make a stab at it. These forecasts give your agent a fuller picture of the nature of your business. If you need advice on renewing your worker's compensation insurance, call R. David Bulen Insurance Agency today! Sources: