Insurance Baton Rouge

Advantages Of A Regular Workers’ Compensation Market Review

Your busy building your business; often reviewing your commercial workers’ compensation insurance seems like going to the doctor. Besides your costs did not go up that much this year, right?   Paying your insurance premiums isn’t always enough. Having the right combination of coverage and price is one of the most important things you can do regarding for your business.

We recommend a regular market review of your business insurance, including your workers’ compensation plan. Here are some of the advantages or reasons to do that.

•      Sometimes insurance company’s miss classifies your account. If you have the wrong class code, it could be costing you thousands of dollars every year.

•      The workers’ compensation market changes with new insurers coming in the market. New insurers usually will have higher credits to attract new business.

•      As your business changes, your insurance coverage needs to change with it. A regular review of your program can help provide the right kind of coverage. For example, you may have added a location out of state. This may not be automatically covered.

•      Part of the market review can be an analysis of claims. If we can reduce the claims cost, premiums will follow.

•      An insurance review makes sure all your coverage and limits are the best the market will afford. Competition is generally good for the consumer.

Sometimes, through our market review, we find businesses are paying for their workers’ compensation coverage than they need to. There are many benefits to your business from an insurance review by our agency; including finding new ways to save money, checking classification coding errors, identifying gaps in coverage.

Fourrier Agency would not be where it is today without superb customer service.  Our late founder, Larry Fourrier, started in the insurance business in 1946.  His work ethic, devotion to clients,  and leadership in the community played an instrumental role in developing the proper relationship that must exist between an agent and his or her client. We have an extraordinary team to carry on those same founding principles and to place service to the client above all else.   With Fourrier Agency, there is 69 years of service and support that needs to be upheld.  That service  is upheld to every client, every day.  

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