Business Insurance and the Economy
A question that seems to be on everyone's mind these days is whether the economy is in recovery or if we are on the verge of a second recessionary dip.

We provide business insurance services to a large number of businesses in the states of Oregon, Washington, Idaho, California, Nevada and Arizona.  Comparing the first half of the year in 2010 versus the same period of time in 2011, it seems as if there were more business startups and a higher sense of businesses optimism in 2010. 

Unfortunately 2011 business attitudes do not seem as optimistic.  Many contracting businesses who were able to survive the economic downturn in the last two years are now in fear that if the economy does not turn around soon they may have to close their doors like many of the smaller contractors had to in the early days of the recession.

A number of the calls we have been receiving lately are existing businesses looking to reduce their insurance program until their business picks up as the economy gathers steam.  Since we represent a large group of insurance companies like Travelers, Liberty, Safeco, American Hallmark and other regional companies we shop their accounts around finding the best rate for the specific type of business. 

The expertise of our agents helps our clients lower their insurance costs as well.  After consulting with the client we can typically recommend areas of that can be cut and areas that should not be altered or possibly increased.

Insurance typically is a significant expense for most businesses.  If you are trying to reduce your insurance costs be sure to contact us at Insure Pacific.  (800) 285-6372

Wednesday, June 15, 2011 10:29:25 PM (Pacific Daylight Time, UTC-07:00)      Comments [0]  Oregon Business Insurance | Washington Business Insurance | Idaho Business Insurance | California Business Insurance | Nevada Business Insurance | Arizana Business Insurance