Contractors who maintain insurance bid specifications pay lower rates than everybody else. Here’s how you do it.
Most contractors don’t know how powerful it is to publish their own insurance bid specifications every year. When you can do this, you can interrogate the market at will, and save a lot of money. This applies to Liability, Auto, Property, and Workers Compensation Insurance.
1. Your bid specifications should provide everything broker needs to produce a quotation.
It takes time and effort to build a full set of specs, but well worth it. They are pivotal to driving down insurance costs. Once they are developed, updating them once a year is easy.
Contractors who maintain insurance bid specifications pay lower rates than everybody else. Here’s how you do it.
Most contractors don’t know how powerful it is to publish their own insurance bid specifications every year. When you can do this, you can interrogate the market at will, and save a lot of money. This applies to Liability, Auto, Property, and Workers Compensation Insurance.
1. Your bid specifications should provide everything broker needs to produce a quotation.
It takes time and effort to build a full set of specs, but well worth it. They are pivotal to driving down insurance costs. Once they are developed, updating them once a year is easy.
Alternatives to Traditional Banks as Sources for Commercial Loans
Copyright (c) 2008 Donna Elizabeth Lewczuk
Commercial mortgages are available through banks, commercial mortgage companies and private lenders. Commercial mortgage rates vary as widely as residential mortgage rates. Traditional banks offer some very low rates. However, due to their restrictive lending criteria, they are prevented from making commercial mortgages for many kinds of commercial properties. Gas stations, with or without convenience stores, for example, can be difficult to obtain commercial mortgages for. Commercial mortgages can also be difficult to obtain from traditional banks if you don’t have excellent personal and business credit scores.
Alternatives to Traditional Banks as Sources for Commercial Loans
Copyright (c) 2008 Donna Elizabeth Lewczuk
Commercial mortgages are available through banks, commercial mortgage companies and private lenders. Commercial mortgage rates vary as widely as residential mortgage rates. Traditional banks offer some very low rates. However, due to their restrictive lending criteria, they are prevented from making commercial mortgages for many kinds of commercial properties. Gas stations, with or without convenience stores, for example, can be difficult to obtain commercial mortgages for. Commercial mortgages can also be difficult to obtain from traditional banks if you don’t have excellent personal and business credit scores.
Bargain hunting when the market hits bottom can be a very lucrative thing to do, but only if you know what to look for and what strategies to apply to the bottomed stocks. With experience and lots of patience, traders can come out way ahead in a bottomed out market.