Valoridge Insurance Group
Start with accurate business facts
Underwriters price and evaluate the risk presented, so broad estimates or incomplete descriptions can create delays or mismatched proposals. Use current information wherever possible.
Practical Guide
Better information means a better quote.
The more complete and accurate your starting details, the more useful the first conversation with your advisor will be.
Valoridge
Business insurance quote checklist
- Legal business name and entity type
- Years in operation
- Clear description of all operations
- Annual revenue
- Payroll by job function or class where relevant
- Employee count
- Locations and states of operation
- Building, contents and inventory values
- Vehicle and driver schedules
- Subcontractor use
- Current policies and limits
- Prior loss runs
- Contract insurance requirements
- Cybersecurity controls when cyber coverage is requested
Valoridge
Why loss runs matter
Loss runs summarize prior reported claims or losses for a policy period and are commonly requested by commercial insurers. Request them early if the renewal or contract deadline is approaching.
Valoridge
Bring the insurance requirements from important contracts
Instead of saying a customer “needs a certificate,” provide the insurance section of the contract. Required limits, additional insured wording, waivers and other provisions can affect the quote or policy structure.
Valoridge
Use the checklist, then start the quote
The more complete the starting information, the more focused the next conversation can be.
Frequently Asked
Frequently Asked Questions
Do I need loss runs to get a quote?
Many commercial insurers request them, particularly for businesses with prior coverage. Requirements vary by coverage and insurer.
Should I estimate payroll and revenue?
Use the most accurate current or projected figures available and clearly identify estimates. Some policies are auditable, which can affect final premium.
What if I do not know which coverage I need?
Start with a description of the business and the risks or contract requirements you are concerned about. You can select “not sure” on the quote form.
Next Step
Build protection around your business.
Tell us what your business does, where it operates and what you need to protect.