Tuesday I started putting together the information for my company’s insurance renewal (FYI: An insurance renewal is when a company renews its insurance because the old insurance has expired). However, it just doesn’t roll over like the insurance you or I might have. Since businesses are colossal liabilities just waiting to happen, insurance companies just don’t come knocking on your door saying, “buy insurance from me”.
For a business to get insurance, people (me) have to put together tons of information about the company and submit it to a insurance broker. This packet of information is full of stuff like what the company does, how much money they make, how many insurance losses they have, how many assets they have, etc. The broker then takes this awesome packet of information that has been put together and goes to various insurance companies and says, “hey fellas, these guys are cool, why don’t you give them some insurance”.
Since a really important step in the process is to actually put together this book of information, its made me a busy guy. Also, since my boss said that he wants to have this book buy June, 28th, it’s made me an extremely busy guy.
