Insurance Consultants Of Maine Newsletter

Insurance Consultants of Maine Newsletter
Scott Simmonds, CPCU
January, 2005

Unbiased Insurance Info & Advice For You

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Please forward this newsletter to your colleagues. Comments, questions and suggestions are always welcome.

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Insurance Resolutions For The New Year - Here are some thoughts on actions you can take to improve your insurance and risk management plan for 2005.

--Check the value of your buildings and update your insurance coverage to match the replacement cost.

--Meet with your insurance agent to review your coverage and your business. Become confident that the coverage you have is the right coverage for you. Bring in help if you need it.

--Move the renewal dates of your insurance so all policies renew at the same time. (Be careful of work comp policies with an experience modification - call me for details.)

--Build a disaster / emergency plan - Who will you need to contact? How will you open your doors the day after a disaster? How will you preserve customer / supplier relationships?

--Do a better job of hiring the right people. Build a system of checks and balances, interviews and tests to prevent bad hiring decisions.

--Improve your employee record keeping and performance review program. Be better at written documenting of the good, the bad and the ugly about your employees. Train your managers and supervisors in leadership and problem solving.

--Dust off your worker safety program. Controlling / preventing losses and managing claims is the best way to control your workers' compensation premium.

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Biggest Business Insurance Mistakes White Paper - Get m y "20 Biggest Business Insurance Mistakes" ebook in printer friendly form. Send a blank email to bizmistakes@icofmaine.com to receive your no obligation copy. What was on 40 pages of etext is now available in 10 printer friendly pages.

"The 20 Biggest Personal Insurance Mistakes" White Paper Now Available! - Readers have been asking for my personal insurance hints. It's here, hot off the ether! Just send a blank email to personal@icofmaine.com. Your copy will be sent to you immediately. No cost of course.

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Your Privacy - I will never sell or distribute your email address to any other person or organization.

Do You Have The Right Insurance? Contact me to discuss an unbiased review of your insurance program. Do you have the right coverage? Can your policies be fine-tuned to improve the protection? Can changes be made to ease the administrative burden insurance causes? Are you getting the service you should from your broker? I can help. Call 207.284.0085 or email me at scott@icofmaine.com. Remember, I don't sell insurance so I'm unbiased.

Need A Speaker? I'm pleased to speak to trade, business or service associations about insurance topics. Call 207.284.0085 or email me at scott@icofmaine.com. Also check out my speaker's page at www.icofmaine.com/ispeaker.html.

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Scott Simmonds, CPCU
Insurance Consultants of Maine, Inc.
20 Sofia Road
Saco, ME 04072-9017
Phone 207 284-0085
Fax 801 991-4027
scott@icofmaine.com
http://www.icofmaine.com/

Unbiased Insurance Solutions

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Insurance Consultants of Maine, Inc. is an unbiased, fee-only insurance and risk management advisory firm. We don't sell insurance and never accept fees or commissions from insurance companies or agents.

Comments regarding insurance policies or products in this newsletter are for information purposes only and do not constitute an endorsement. I accept no fees or payments of any kind from any insurance organization or any company mentioned in this newsletter.