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Author: Chelsea Balderson

If You Take Care of Your Business’ Insurance Needs, Now’s the Time to Look at Your Own

As we approach Valentine’s Day and the pull on our hearts for that “special person,” it’s a good time to take a look at your personal insurance.  So often we meet CFOs and Business Owners who do a tremendous job with their company’s insurance program, but they don’t give their personal insurance the same level …

Preparing for the Storm

Greetings to our Friends and Neighbors. The span between mid August and late September are anxious days for those of us that reside in coastal states.  We watch tropical waves come off the coast of Africa with great interest during the late summer months; as they develop into tropical depressions our attention increases.  When these …

‘Tis the Season

The days between Thanksgiving week and the end of the year are always hectic.  Joyous, to be certain, but hectic.  There is so much going on: Christmas decorating and shopping, school vacation for our children, and visits from family and friends, often from afar. Year-end also brings the close of the Fiscal Year for each …

Failure to understand the insurance claims culture of a dealership acquisition can prove costly

I want to return to a topic we touched on in a previous issue. It involves the acquisition of a Dealership (or multiple Dealerships) as it relates to the acquirer’s insurance program. Most Dealers that are financially savvy enough to make major purchases are utilizing a Loss Sensitive program for their insurance. It could be …

The size of your dealership’s insurance program should match the size of your business

Dealership acquisitions present numerous challenges. One issue often overlooked is the way growth affects the Dealership’s insurance program. Not adjusting your dealership policy as you grow exposes you to increased risk and potential lost income. It is ironic how often we see Dealer Groups who are solidly in a growth mode maintain their “small store’’ …