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Use the checklist with clients to review or shop for insurance.

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Clients trust you with their money…

CoverHound helps you help them protect it

Small business owners look to their accountants, bookkeepers, and fractional CFOs for guidance on protecting their business. CoverHound offers a quick and easy quoting system and a broad range of coverage options so your clients can get the coverage they need and get back to work. No phone tag or long delays.
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How to help your clients manage their insurance

Clients often look to trusted advisors like bookkeepers, accountants, and fractional CFOs to learn about commercial insurance.  It can be hard to dig into this with them, though, when you aren’t an insurance expert. How do you know what they need?  

Even suggesting that they review their insurance policy with an agent can be tricky: shopping for insurance coverage is time-consuming

How to help your clients manage their insurance

Clients often look to trusted advisors like bookkeepers, accountants, and fractional CFOs to learn about commercial insurance.  It can be hard to dig into this with them, though, when you aren’t an insurance expert. How do you know what they need?  

Even suggesting that they review their insurance policy with an agent can be tricky: shopping for insurance coverage is time-consuming, especially for small, owner-led businesses. And time after time, we see the smallest businesses – those with less than $5 million in revenue – having the hardest time finding a carrier to meet their coverage needs.

And yet the need is there. They may be required by law to carry workers’ comp insurance, or a contract might call for general liability insurance. And the threat of cyberattacks expands every day.  

Here are three tips for you as you help your microbusiness clients make informed decisions about their commercial insurance:  

  • Include factors that shape their risk profile in your regular business reviews.
  • Encourage them to regularly review their insurance coverage with a qualified insurance advisor.
  • Steer them to an insurance advisor that focuses on microbusinesses.

How to help your clients manage their insurance

Clients often look to trusted advisors like bookkeepers, accountants, and fractional CFOs to learn about commercial insurance.  It can be hard to dig into this with them, though, when you aren’t an insurance expert. How do you know what they need?  

Even suggesting that they review their insurance policy with an agent can be tricky: shopping for insurance coverage is time-consuming, especially for small, owner-led businesses. And time after time, we see the smallest businesses – those with less than $5 million in revenue – having the hardest time finding a carrier to meet their coverage needs.

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Insurance conversations happen all year round. Stay in the commercial insurance conversation by subscribing to the CoverHound monthly newsletter for financial professionals:

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And yet the need is there. They may be required by law to carry workers’ comp insurance, or a contract might call for general liability insurance. And the threat of cyberattacks expands every day.  

Here are three tips for you as you help your microbusiness clients make informed decisions about their commercial insurance:  

  • Include factors that shape their risk profile in your regular business reviews.
  • Encourage them to regularly review their insurance coverage with a qualified insurance advisor.
  • Steer them to an insurance advisor that focuses on microbusinesses.

Learn about factors that shape a business’s risk profile

Your clients’ business operations, structure, and industry all affect how much insurance coverage they need. Walk through your clients’ operations at least once a year with an eye on risk. This will help them think through changes they have made to their business that they should communicate to their insurance advisor.

Use our checklists for restaurants, property managers, and consultants and contractors to help your business.

Download our checklistS

Encourage clients to work with a qualified insurance advisor

A qualified insurance advisor can help business leaders determine the type and amount of coverage they need. Below are common types of insurance for small businesses:

Steer clients to an insurance advisor that focuses on microbusinesses

There are 33.2 million small businesses in America, which combined account for 99% of all U.S. businesses. Of these small businesses, 27.1M (84% of all US businesses) are run by a single owner and have no employees. These so called ‘microbusinesses’ make up the largest group of the commercial sector, yet many of these business owners may feel like no one is meeting their insurance needs. Traditional insurance agencies often favor larger organizations that garner higher premiums and profits with the same amount of work.

33.2M

Small Businesses in America

27.1M

Run by a single owner with no employees

Your microbusines is being ignored by traditional insurance agencies.

Download our checklists for financial pros:

Financial Checklist

Advising your financial services clients on commercial insurance

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Restaurant Checklist

Customized for restaurant owners

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Real Estate Checklist

For property managers and real estate professionals

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Request a Quote

CoverHound provides commercial insurance to the smallest U.S. businesses. Our clients include one-person LLCs, 20-person call centers, and everything in between. Our clients tell us it’s hard to get the attention of other agencies.

CoverHound uses technology and partnerships with carriers to streamline the quoting and policy-writing process. This means that we can deliver quotes in seconds. That’s a win for the business owner, for CoverHound, and for the insurance carriers.

While we fulfill many policies completely online, we have a team of agents ready to discuss more complex insurance questions on the phone.
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Newsletter Sign-Up

Insurance conversations happen all year round. Stay in the commercial insurance conversation by subscribing to the CoverHound monthly newsletter for financial professionals:

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