The e-way to calculate insurance risks

Yapster e-insurance brokers inc.

Who would forget the Sept. 11 tragedy? It was unexpected and sudden. Nowadays, the common presumption is that we live in an uncertain world where political and economic risk premiums are rising, and terrorism threats exist. The bottomline is not all are gifted to predict when, where and how any disaster or misfortune would strike. Despite this, however, we still need to go on our daily routine to survive and earn a living. And with all the day’s hard work, people are more cognizant of the need to protect their interests by getting insured. Everything we do entails risks, although there’s an easier way to calculate this.

What is insurance really? The term transcends just a policy agreement indicating that should something unfortunate happen either to you or your assets, an entity will ensure that damages are properly indemnified. Today, there are over a hundred insurance firms to select from, and those that typically thrive on impulse will likely go for those ranked highest within the industry. Unfortunately, this is not always the recommended approach. It is not always true that security is far much better the bigger the insurance firm is. Speaking from experience, selection should be based on how insurance firms are able to serve as soon as claims arise. Settling a claim can be a tedious process, and we do not want to be bothered by too much paper work. Moreover, making sure of the proper insurance coverage can be very crucial and tricky.

2InsureAll simplifies the task by providing services that streamlines the processing of insurance claims. Through proper coordination and strong partnership with reputable insurance companies, customers are rid of unnecessary legwork, and benefits are readily obtained. In fact, consumers pay less and get more through a people-oriented facility that works 24 x 7. Our utmost mission is to respond fast by processing requests, which is part of our value-driven initiative to serve our expanding clientele. Operations are classified three-way, focusing on broker-client and broker-insurance firms relations. As risk managers, customers are assured we do not act as mere purchasers, but as an entity that can fully integrate services to better manage unforeseen risks in clients’ day-to-day existence. Proper client focus, in fact, is something 2InsureAll devotes to, as the correct insurance package must be adequately matched with proper coverage. Our belief is anchored on fortifying relationships, where administrative tasks are minimized.

As the old adage goes, risks are minimized when we’re equipped with comprehensive information. Within 2InsureAll, for example, we help guide clients in identifying and synthesizing insurance requirements in their main cash flow expectations. For example, clients are guided to properly identify together with our recommendations the type of business he or she is into to better assess the worth of premium he or she is paying against the risk taken. After which, all possible options are laid out, relative to different insurance lines and packages. Here, prospects as well as challenges, including coverage and premiums, are outlined. Afterwards, payment term options are discussed depending on the clients’ cash flow expectations, and appropriately matched with the regulations of insurance partners. Finally, clients are informed about detailed procedural measures that can guide then through claims requests and endorsements, and help build their confidence when the unexpected arises.

Having mentioned all these, it would be worthwhile to realize that tighter budgets require greater prudence. After all, size isn’t the only consideration when selecting an insurance partner for life, but more so services you can count on when you invest in the concept of security.

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JP Enriquez is the sales and marketing manager of Yapster e-Insurance Brokers Inc. For your comments or queries, e-mail him at [email protected].