Summary:

Did you know that we are not only Insurance Brokers, but we are Risk Advisors too.

At Stellar Insurance Brokers, it is our role to evaluate your situation so we can determine your individual exposures that are unique to you. We design your tailored insurance program around these exposures to ensure you are protected should the worst happen.

We know every business changes and evolves and it is our job to understand these changes and adjust your insurance coverage accordingly to change and grow with your business. We work hard to check that we have updated information from you at renewal time to make sure your policy stays relevant and up to date to ensure we have the best protection in place for you.

We encourage you to contact us as soon as you make any changes to your business, rather than just waiting until renewal time, as you may open yourself to exposures that you are not aware of.

Transcription:

Every business will have a level of risk. The risk might come from one of the perils such as fire, storm, burglars. It might come from someone who sues the business because they’ve been injured or their products have injured someone. As well as the risk associated with workplace health and safety and employment practices.

So all of these are all risks that, as a business owner, they need to be aware of. Then, they need to understand what to do about those risks. Our role is then to say, okay, let’s look at these risks, Analyze them in terms of how severe is the impact? How frequently is it likely to occur? And to manage them based on their frequency and their severity. So, if it’s something that’s not severe that happens often, it probably is something that just can be managed by a change of process. But if you’re talking about a fire, where it doesn’t happen often, but when it happens, it could destroy the business, We’ve got the policy in place that’s going to get you back.

If you truly want to succeed as a business, you need to be taking risks. ‘Cause if you’re not taking risks, you won’t grow. You won’t outdo the competition. So every business will take on some risk. But unless you do the analysis of, what is the risks that are going to impact the business, it’s impossible then to understand how you manage that risk. You’ve just like crossing the road with a blindfold.

Everybody takes out insurance and they always hope that they are never ever going to need it. So the risk management side of it is, let’s do everything we can to actually prevent an insurance claim in the first place. Or let’s use the insurance claim as the option of last resort. And if it all does go pear shape, then know that we’ve got that there as the backup when the worst does happen.

It’s actually crucial for every business to do that analysis. We can help in that process. All I’d need is some time with our clients to get answers to a series of questions that will then allow us to make decisions about what’s the best way forward. If you don’t do it at all, then you’re living in a time when you really aren’t aware of what’s going to come along and what can derail the progress of your business. All you need to do is contact us and we’ll arrange a time to sit down and run through that process, which would take anytime between 45 minutes to an hour. Then we’re in position to actually offer you some really specific advice about your particular business.