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Colorado Business Insurance: Smart Cost Saving Tips

By ICA Insurance | Published April 19, 2013

Colorado Business Insurance Smart Cost Saving Tips 300x219 Colorado Business Insurance: Smart Cost Saving TipsColorado Business Insurance: Smart Cost Saving Tips

Keeping your business protect is a smart move if you intend on keeping your door open. The basic and common types of business insurance are Property Insurance, Liability Insurance, Business Vehicle, and Workers Compensation. These coverages will protect you from a variety of risks, but it is restricting. These are the basics; there are a myriad of additional coverage such as Umbrella policies and Specialized Liability Insurance policies.

Whether you are a new or a veteran to purchasing Business Insurance, it’s important to review your business plans and financial record annually. This will allow you to carefully curate a list of insurance needs, coverages, and costs.

Protect your business and keep in mind, quality insurance should never be compromised. It’s essential to choose a highly rated insurance company that will provide you with the type and level of protection you need at the price you are most comfortable with.

Business Insurance is costly, especially for new businesses. However, there are a few cost saving tips. These include the following:

  • Comparison Shopping
  • Consolidate
  • BOP (Business Owners Policy)
  • Risk Prevention
  • Adjusting Deductibles

Comparison Shopping is a smart cost saving move in essentially every type of insurance and business insurance isn’t an exception. Comparison Shopping is a proactive method that really tests your ability to communicate. The first step is to creating that list of insurance needs, coverages, and costs. Then do some extensive research on insurance companies within the area. Speak with an agent and ask about the available Business Insurance policies and its cost. Inquire of cost saving tips specific to their agency and your business.

Consolidate your insurance policies. It’s often more inexpensive to have an auto, homeowners, and business insurance under one insurance company.

Purchasing BOP (Business Owners Policy) is most common among small to middle size businesses. It’s pre-packaged and usually costs less than purchasing individual rates for different types of coverage. BOP typically consists of Property Insurance, Business Interruption Insurance, and Liability Protection. It is restricting and isn’t the best move for larger businesses.

Discuss with an agent about possible discounts given if risk management methods are taken. These methods include installing a security camera, adding alarm systems, and implementing employee safety strategies.

If finances permit, increase your deductibles. Do this with caution and ensure that a higher deductible is feasible for your business.

At Insurance Centers of America, our agents are trained specialists in all types of Colorado springs business insurance. We have the expertise to understand your needs and can design a program that allows you to get the most for your insurance dollar. We’ve worked with a broad spectrum of businesses, including contractors, property owners, distributors, manufacturers and service providers. Call us for more information (719) 528-5400

Source: http://www.networksolutions.com/smallbusiness/2011/01/how-to-save-money-on-business-insurance/

http://www.iii.org/articles/what-does-a-businessowners-policy-cover.html

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Colorado Business Insurance: How To Persist Through The Workday

By ICA Insurance | Published March 26, 2013

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Getting through the workday without or little sleep can be challenging; many have found themselves sitting at their desk, diligently staring at the computer monitor, struggling to keep their eyes open.

According to the National Sleep Foundation (NSF), “sleep is essential for a person’s health and well being.” Lack of sleep and over exhaustion is problematic in the workplace but powering through the day without dozing off is important. It’s easy for many to turn to a cup(s) of coffee but there are a few alternatives that may help you persist through the workday.

Food- The amount and type of food you eat throughout the day can either make or break you. It’s all about finding a balance between all the food groups. Overeating and under eating is a conundrum for most, as both can make you feel sluggish thus further preventing you front completing any tasks. Find a balance between eating too much and eating too little. Choose foods packed with natural sugars, protein and fiber such as eggs and apples.

Stay hydrated- Drink plenty of water and avoid sugary drinks. The amount of water consumed and the levels of brain activity are directly correlated. Dehydration impairs the brain from functioning properly and triggers mental symptoms such as afternoon fatigue, emotional instability, headaches and lack of mental clarity. Studies have shown that “if your brain drops 2 percent in body water, you may suffer from fuzzy short-term memory, experience problems with focusing, and have trouble with math computations.

Exercise- If possible, set aside 15 minutes to perform light exercise. Whether you go on a brisk walk or do a few sets of push ups, exercise will keep your blood flowing and provide you energy to power through the day.

Stand up- Sitting on a chair is comfortable but working standing up can help you stay awake and alert. It may be strange and uncomfortable but it will prevent you from dozing off.

Power nap- If possible, set aside 15 to 20 minutes to nap. According to Dr. Alon Avidan, associate director of UCLA’s sleep disorders program, “a power nap of about 15 to 20 minutes is your best bet when you’re feeling weary, but only if taken between 1:00 and 3:00 PM in the afternoon.”

At Insurance Centers of America, our agents are trained specialists in all types of commercial insurance. We have the expertise to understand your needs and can design a program that allows you to get the most for your insurance dollar. Whatever your need for Colorado business insurance, whether in the Colorado Springs or Denver areas or throughout the state, call (719) 528-5400 or email us for more information.. We look forward to getting you the coverage you need…at a price that you can afford!

 Source: http://blog.intuit.com/employees/how-to-get-through-a-workday-when-you-havent-slept/

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Colorado Auto Insurance: Four Reasons to Update Your Car Insurance

By ICA Insurance | Published February 26, 2013

Colorado Auto Insurance Four Reasons to Update Your Car Insurance 300x200 Colorado Auto Insurance: Four Reasons to Update Your Car InsuranceColorado Auto Insurance:  Four Reasons to Update Your Car Insurance

Life happens and with that lifestyles change. Maybe your teenager has recently started taking driving classes or maybe your 15 year old car is breaking down; these are all reasons to update your car insurance.  At Insurance Centers of America (ICA), they’ll shop with dozens of insurers licensed to set you up with the most affordable auto insurance rates and most appropriate coverages.

Here are four reasons to update your car insurance:

Marriage or Divorce.- For those who have recently wed may be eligible for potential discount auto insurance rates. Shop around and if the price is right, consider sharing the same carrier as your spouse. Many couples have found that route to be very cost effective. And for those going through a divorce should speak to their auto insurance carriers about separate policies.

New drivers- Insuring your teenager or a new driver is a substantial cost that can put a huge dent in your wallet. Many insurance companies often offer auto insurance discounts for good grades or reading a driver safety book that is followed by a test.

Purchasing a new car- The make, model and safety rating of a vehicle are all factored into your auto insurance policy. Essentially small and compact vehicles are less costly. Visit the Insurance Institute For Highway Safety (IIHS) for safety ratings.

The Miles- Many insurance companies lower premiums if your child is without a car while at college; this way your costs diminish and your child will still be able to drive their car when at home. If you have started carpooling, you may qualify for auto insurance discounts.

Nobody covers Colorado Springs or Denver (or just about anywhere in Colorado) for auto insurance like we do at Insurance Centers of America (ICA). We specialize in helping our clients cover personal automobiles against unforeseen damages and injuries. Just fill out our quick and easy form (or call 719-528-5400) and we’ll get back to you as soon as possible. Our local insurance professionals are standing by, so contact us now…

Source: http://education.yahoo.net/auto-insurance/articles/five_reasons_to_switch_your_car_insurance.htm

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Colorado Retail Insurance: Keep Your Shelves from Gathering Dust

By ICA Insurance | Published January 17, 2013

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Although the layout and design of a retail business is generally overlooked, it is an important tool for maximizing sales. When optimizing your space, focus on improving its aesthetics and functionality. While each space and each Colorado retail business is different, there are a few optimizing tips that are applicable to all.

Throughout the years, researchers have been observing consumer behavior and its influence on sales. Shop owners have applied the findings and successfully optimized their space. With the data found by observing consumer patterns, Colorado retailers are now able to create a space more suitable for the common customer.

The “Decompression Zone”- Although the size of the “decompression zone” varies with each space, it is always the part of the store where a customer first enters. Identify where the “decompression zone” is at your store and avoid placing any merchandise there. Studies have found that a customer needs some time to acquaint themselves with new surroundings. It is also recommended to refrain from engaging with customers while they are in the decompression zone.

Color Associations- As most know, specific colors evoke specific emotions. Shop planners recommend the 80/20 rule; 80 percent of the store should use primary colors and 20 percent should be dedicated to accent colors.

The Right Side- Position merchandise towards the right side of the store because consumers have a tendency to turn to the right when walking into a store.

The wall on the right side of the room is known as the “Power Wall.” Take advantage of the “power wall” by filling it with important merchandise and high profit items.

The Window Display: Similar to a home’s curb appeal, the window display is a potential customer’s first impression. Stunning and unconventional window displays often lure customers in. Retailers like Anthropologie focus on creating captivating and innovative displays.

Keep it Clean: Practice minimalism by keeping aisles clean and spacious. Crowded and cramped aisles deter customers.

The Types: The different types of layout include grid pattern, loop, and free flow. Choose a layout that best fits your store.

Any Colorado business that invites thousands of consumers to visit its premises every day faces a huge and daunting number of risks. But that’s exactly what Colorado retail stores do. At the same time, all those consumers walking up and down your mall or shopping center, or into your store, are expecting you to provide a safe environment. As a wholesaler, you face similar exposures in your warehouse, dock areas and throughout your facility. Call 719.528.5400 or fill out the form on this page, and we can help you put together a comprehensive yet affordable plan to give you all the coverage you need, from one of the nation’s most respected carriers. We look forward to hearing from you.

 

Sources:

http://www.ehow.com/way_5744107_store-layout-strategies.html

http://www.aip.org/dbis/stories/2009/19144.html

http://www.vdta.com/Magazines/AUG07/fc-art-of-the-layout.html

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How Your Colorado Business Can Prevent Showrooming

By ICA Insurance | Published December 20, 2012

How Your Colorado Business can Prevent Showrooming 300x200 How Your Colorado Business Can Prevent ShowroomingHow Your Colorado Business can Prevent Showrooming

There is no questioning the popularity of mobile and internet shopping. Brick and Mortar shops are struggling to keep their businesses afloat in a society driven by technology and convenience. Retailers are developing mobile web versions. Amazon’s “one click” checkout is succeeding. Exclusive and flash sale sites, such as Gilt are producing more traffic than the years prior. Brick and Mortar retailers are competing with companies who are constantly meeting the demands of its consumers.

In 2011, studies found that 66% of smartphone users use their device as an aide when shopping, also known as ‘showrooming.’ Consumers are walking into storefronts only to compare prices via smartphone. “Showrooming” is rising, but storefronts are not backing down. Best Buy has implemented a strategy to combat against “showrooming.” The strategy allows its customers to check their smartphone to compare prices while in-store. But before they are connected to the internet, they are directed to the Best Buy Rewards Network where it states the “Top 5 Reasons to Purchase Your Electronics from Best Buy.”

Brick and Mortar stores have an advantage against their competitors—traditional and real customer service. Personable and helpful employees are just one way to prevent showrooming. Here are a few tips on how to prevent showrooming.

Aggressive Pricing:

No one wants to lower the price of their product, but it’s better than losing to online merchants. Be open to matching the prices of your competitors.

Be personable:

Unlike many web based shops, physical shops are able to provide an authentic customer experience. Ensure customers that you appreciate their loyalty by offering exclusive in-store savings through a “loyalty rewards program.”

Give customers your undivided attention. Ask them what they are looking for and offer help. For example, if a customer is looking for job interview clothes, offer to choose complete outfits for them. Ask them their size, their preferences, and give them options to choose from.

Sense of Urgency:

Sites such as Gilt have had success in offering exclusive sales prices to its members. Offer sale prices that are only available for a limited time and in-store.

Incentives:

Many shops have offered $25 gift cards for purchases exceeding $100 and complimentary gift wrapping services. Beauty store like Sephora offer gifts when purchasing their products.

At Insurance Centers of America, we can cover your Colorado business against the unexpected. Call or email us today, or fill out the form, and we can help you put together a comprehensive yet affordable plan to give you all the Colorado business insurance coverage you need, from one of the nation’s most respected carriers. We look forward to hearing from you.

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