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Risk Score™ – Key to Profitability
Risk Score™ – Key to Profitability
January 6, 2012 Insurance news in Orlando,Florida, United States of America
Do you know what your RiskScore is? Would you like to find out? It is important today to know how to lower your risk score so that you can secure lower premiums from your insurance carrier.
FOR IMMEDIATE RELEASE
Orlando,
Florida,
United States of America
(Free-Press-Release.com) January 6, 2012 --
During these tough economic times, construction companies need to continue to cut costs in order to stay competitive. One way they can cost costs is to make themselves look and act “Best in Class” in the eyes of insurance underwriters.
In the financial world, mortgage underwriters look at your credit score when providing you rates don’t they? What happens when you have a good credit score? You guessed it...you get lower rates. The same holds true in the insurance world. A higher RiskScore™ means lower rates, which means lower insurance premiums.
When an insurance underwriter evaluates your RiskScore™ which reflects what policies and procedures you have in place, and what claims your company has had, they will determine the amount of credits or debits your account will receive during the rating process.
It is important to have Risk Assessments conducted periodically to make sure your policies and procedures are up to date and in compliance with government requirements. More importantly, carrier underwriters look to see what safety training programs you have in place to avoid future claims.
Some of you may qualify for a free risk assessment to evaluate your RiskScore™. For more information, call Rick Dalrymple at 407-998-4108 or email to Rick.Dalrymple@ioausa.com www.RichardDalrymple.com
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