If you’re an entrepreneur trying to navigate this global pandemic, you’re probably looking for help anywhere you can get it.
Have you thought about asking your insurance advisor?
“A good insurance provider won’t just focus on selling you a policy, they should look at the bigger picture and be a long term help for your business,” says Carly Pagani, a Commercial Account Executive at HUB International Barton in Nanaimo.
HUB offers value-added services that help business owners navigate more than just insurance, including up-to-date resources for problem-solving the pandemic. The Risk Management Services team has become more helpful than ever, with industry-specific advice to help you transition.
Newsletters, webinars and other tools advise you on topics relevant to your field. What should you do with a possible COVID-19 infection in the workplace? How should restaurant owners handle a return to work? Clients can sign up for access to well-researched, thoughtful advice that’s up-to-speed on current conditions.
“We want to educate our clients on what’s happening in the broader world of insurance, and help them be proactive in their business decisions,” Pagani says. “These are difficult times and many entrepreneurs know that going out of business is a dangerous possibility. We’ll do everything we can to help take that stress off.”
Finding insurance in a ‘hard market’
In a hard insurance market profitability is down and investment income is down. The insurance industry was starting to harden in 2018, and the global pandemic hasn’t made things any easier. Insurers aren’t making a profit and underwriters are less willing to take on risk, but your business still needs insurance — so how do you get it?
“HUB is a large organization so we offer you a lot of market clout. Our reach is greater and we have longstanding relationships with underwriters,” Pagani says. “Combine that with our local agents living right here in your neighbourhood and you get the best of both worlds.”
The organization also has a range of experts specialized in different industries who can offer expert advice to brokers and clients.
“We have dedicated teams of brokers specialized in classes like realty, construction, cannabis and others that are really impacted by the hard market. When I’m marketing to underwriters or working with business owners I can reach out to those specialty practice teams for expert advice.”