To get quotes for business insurance: contact us. DeshCap is Google's # 1 for Liability Risk and a Top Operational Risk Advisor worldwide. We contractually guarantee a lower net cost for tailored coverage that we structure and trigger independently of any insurance broker, company, or lobbyist for best value to business and investors. We would make insurance brokers compete against each other to lower cost all while rewording the insurance contract for better protection to the business instead of it benefiting insurers. We can also provide back-office analytics for a business to conduct its own negotiations with brokers and claims management.
How to Get Quotes for Business Insurance
We do not advise to get quotes for business insurance directly from insurance brokers, agents, companies, or any insurance lobbyist, simply due to the fact that insurance is not transparent and any business insurance contract is complicated and when it is sold through brokers it more often than not serves the interests of the insurance companies and not those of the business. The following are different ways to get quotes for business insurance depending on the jurisdiction.
Getting online quotes for business insurance
We do not recommend any business of a certain size to get instant online quotes for business insurance, specifically a business whose insurance spend exceeds $10,000 per year and that is looking for true protection. Online platforms are mostly registered as insurance brokers or companies, and many of them are owned by insurance companies or lobbyists. It is very difficult to change the wording of a contract sold online for the time being and the product will therefore be off-the-shelf favouring the insurer.
Getting quotes for business insurance directly from insurers
Various jurisdictions allow the insured to buy business insurance directly from an insurance company without the involvement of a broker. We view this as one of the least effective ways to achieve strong protection and lower cost.
Getting quotes for business insurance directly from brokers or agents
While we view this way of getting quotes for business insurance as superior to that of going directly to insurers, simply due to the fact that a broker will often market to more than one insurer, it is still not advisable as the business will not maximize value.
Getting quotes for business insurance with the involvement of independent commercial insurance consultants
This is the best way of getting quotes as a truly independent consultant works for the business and is not compensated by brokers or insurers. While the consultant is paid by the business, the net cost including premiums and commissions will typically be lower.
Disclaimer
This content is independent of any content coming from insurance brokers, insurers, law firms, or insurance lobbyists. Getting quotes for business insurance is rarely taught in schools, and when it is, it’s mostly done through the lens of brokers or insurers. There are many misconceptions around getting quotes for business insurance, like many other topics in commercial insurance, due to bad habits acquired through over reliance on insurance brokers or insurers or information providers who are lobbied by them. It is also important to note that insurance has both an operational aspect and a legal aspect, on which we put weights of 95% and 5% respectively in terms of importance to protecting a business and its investors (the point is that going to court to enforce coverage defeats the purpose of buying insurance, so you want to make sure that whatever insurance you buy protects your organization right and pays out fast on large losses).
