At Montgomery, we stay on top of trends, developments and shifts in the insurance industry. It helps us rebalance our product portfolio when needed, and helps us offer our clients the latest, most relevant insurance solutions.
That’s why it gave us pause this month to see these alarming statistics — more than 40% of businesses in the USA today are completely uninsured; and more than 75% of our nation’s businesses are significantly underinsured.
And here’s one more splash of cold water — more than 40% of those insurance-challenged businesses never reopen after experiencing a disaster.
Frankly, we don’t get it. Because our research also tells us many business owners either don’t see the value in commercial insurance coverage or believe they are protected by their personal insurance policies. Both positions are concerning.
Fact is, the cost of insurance is less than you think, and the cost-to-value ratio could be significant. Especially when you consider that one expense claim could easily exceed $10,000.
It’s why Montgomery has the resources of 100 carriers that offer a myriad of policies and coverages that protect businesses against peril in the worst of times.
It’s why, and dependent on your choices, a commercial insurance policy can protect your business against lawsuits, personal injury claims, property damage, lost income and more in one convenient policy.
And it’s why the nation’s most successful companies make safety a priority, ensuring accident protection for staffers, customers, property, physical assets, technology and transport vehicles.
Keep in mind, too, no tall insurance decisions are about crisis management or limited to fire or natural disasters. Instead, most are about the risks your business faces every day, when mistakes are made and accidents happen. For those reasons alone, Montgomery embeds general liability, property, theft, cyberthreats and many more lines of defense in nearly every commercial insurance policy it sells.
Granted, this has been an atypical — and quite frightening — year for companies of all sizes. But, if anything, it illustrates that being proactive always beats being reactive — and that businesses without insurance always risk dangerous levels of exposure. We’re here to help.
Reach out to Montgomery today. We’ll guide you through the coverage options that best fit your business, your risks and your budget. We’ll also help you understand those coverages required by law. You can find us at 610-565-8280.
From the start of your relationship with a Montgomery agent, your insurance strategy is always monitored, always evaluated for efficiency and always subject to a cost-effective adjustment when needed. It’s why our clients — our friends and neighbors in the Delaware Valley — have invested their trust and faith in us for more than 75 years.
Local Pennsylvania insurance agency, Montgomery Insurance Services, Inc., is happy to announce the launch of its new website.
Auto insurance is also on the rise. The higher cost is not quite so obvious because you confront that bill maybe once or twice
At Montgomery, we stay on top of trends, developments and shifts in the insurance industry.