Orange County, CA (PRWEB) January 13, 2009
California Businesses are facing a lot of challenges in the current economic environment, and one of the biggest challenges is maintaining their various insurance policies while still staying in the black. The first days of 2009 have shown that many businesses are actively shopping to make sure they are receiving the best possible value. Arroyo Insurance Services offers California businesses access to over 50 A+ rated insurance carriers for a wide range of insurance policies including worker's compensation, business auto insurance, and general liability. Arroyo Insurance Services has $120 million in written premium and can help businesses that are looking to save on insurance costs while still getting the best coverage.
"These are tough times and while we never suggest dropping existing coverage, if you sit down with a client and spend some time evaluating areas where they are over insured or perhaps would be better off with another carrier we can usually save them a significant percentage," says Timothy Pine, a commercial insurance broker with Arroyo Insurance Services.
Reducing business expense is top of mind with businesses these days, and Arroyo Insurance Services works individually with each client to find a solution that is most cost effective while maintaining the integrity of the coverage. Business auto insurance is one area where companies are looking for savings.
"For a January renewal, I sat down with a prospective new client to review their existing policy and determine where we could save money. This particular client was on the brink of going out of business so every dollar in premium we could save them improved their position. My goal as their broker was to understand their business risks and build a program that covered their risks and if possible saved them money. They had a fleet of 12 vehicles but only 5-7 were being used on a daily basis since early September. We looked at the next year and determined that by placing a little more than half of the fleet in non-operational status we cut their business auto insurance by half, saving more than $30,000 in premium," says Pine.
Bankruptcy reorganization is another issue that businesses face in these tough economic times and often their insurance carriers will drop a business that has gone through a bankruptcy. Arroyo Insurance Services can work with a business that has gone through a bankruptcy and is restructuring and can find a carrier that will take them on. Arroyo Insurance Services knows the market and knows the issues that can arise after a bankruptcy, including mergers, which require specialized insurance knowledge.
Arroyo Insurance Services offers a full range of commercial insurance services to businesses, with big agency options and excellent and personalized service tailored to the particular need of a business.
For additional information, visit http://www.socalinsurancebroker.com or call (800) 401-6764.
About Arroyo Insurance Services - Arroyo Insurance Services is one of the top 20 largest insurance brokerages in Southern California that offers a wide range of commercial insurance services. They have access to over 50 top rated insurance carriers and provide general liability, worker's compensation, business auto insurance, business owner's policies and claims management services with excellent, personalized customer service and a dedication to saving their clients money on insurance premiums.