Commercial InsuranceInsurance companies are recognized as risk management legal entities. Obviously, the service of insurance companies differs, yet, all centers on risk management services. For instance, home/holiday insurance embarks on traveling and home coverage. Commercial insurance as a legal entity embarks on business risk managements. Presently, in United State, many big industries and enterprises are booming in a vast rate yearly.
In New York City, the past few years of economic improvement statistics and industrial management’s attainments were rated at 45%. Whereas in 2006-2008 recently, the economic improvement statistic data added 30% economic improvements and making a high increase of 75% and yet more industrial setups are still in process. For the risk management and the efficiency of these industries, it calls for commercial insurance policy. Commercial insurance, of course, do not embark on premium coverage with those notable industries mainly to acquire benefits from them, instead, their basic mission is to safeguard those commercial industries against disaster event.
We all know and see that commercial investments and business enterprises are in vast increase, and also, knowing fully well “more investments, more risks”! These would bring our minds to create essential policies that would serve as impetus for the improvement of commercial industries at large. And that is commercial insurance policy. Really, infant commercial industries gain enormously when insured. If they were insured, they would not be easily bankrupted whenever financial shortage or sudden calamities occurred. It is always a duty of commercial insurance to quickly rescue their insured whenever there is a danger.
In New York City, the past few years of economic improvement statistics and industrial management’s attainments were rated at 45%. Whereas in 2006-2008 recently, the economic improvement statistic data added 30% economic improvements and making a high increase of 75% and yet more industrial setups are still in process. For the risk management and the efficiency of these industries, it calls for commercial insurance policy. Commercial insurance, of course, do not embark on premium coverage with those notable industries mainly to acquire benefits from them, instead, their basic mission is to safeguard those commercial industries against disaster event.
We all know and see that commercial investments and business enterprises are in vast increase, and also, knowing fully well “more investments, more risks”! These would bring our minds to create essential policies that would serve as impetus for the improvement of commercial industries at large. And that is commercial insurance policy. Really, infant commercial industries gain enormously when insured. If they were insured, they would not be easily bankrupted whenever financial shortage or sudden calamities occurred. It is always a duty of commercial insurance to quickly rescue their insured whenever there is a danger.
Recently, it was reported by one of the insured that some of the commercial insurers hesitates to respond quickly on certain critical events when tragedies occurred. I learnt that one of the insured complained of slow service of the insurers when one of her company vehicles had a fatal accident. Based on her complaints, she stated that her vehicle lasted more than a month before the insurer came for the assistance. In this case, I suggest that commercial insurers should improve the system of their service. And also the company themselves should meet the insurance policy managing director in their location and make the complaints to him.
To be frank, this type of service is not helpful at all! Imagine, after one month plus. NO! If this type of service continues without any genuine reason, then, the service in that location must be boycotted. Punctuality is sole of a business. Yes, that is the reason of insurance coverage, if not so, there is no need of commercial insurance! Urgent improvement on the service in that location is highly required.
I believe the director of that branch is unaware of this incident. And based on the last service I received from my insurers after my vehicle crash, I strongly believe the Managing Director(MD) of that branch would definitely do something about that and would not allow such incident to happen again.
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