Looking At The Whole Picture To Help Entrepreneurs Thrive In Different Ventures

Client Advisor: Charlie Ieuter

One of our specialties is working with entrepreneurs who own many different types of businesses, each with its own challenges. We usually handle all their household and business insurance needs, so we can keep an eye on their entire situation and function as their financial advisors.  

Here are some of the ways we have made a local entrepreneur’s life (and business) easier for over 25 years.

Weighing The Viability Of New Opportunities

Whenever our client is thinking about expanding, hiring more employees, taking on new clients, or branching out into new ventures, we talk him through the pros and cons from an insurance and financial standpoint.

We get him estimates for his business plan, so he understands the associated insurance costs. We also help him look ahead and prepare for the needs the changes he is making will create further down the line.

Finding Right-Fit Coverage For Different Properties

As his ventures have expanded, our client has bought several older buildings. The insurance market for these types of properties is much smaller, so finding the right coverage for them can be challenging. However, the breadth of our expertise and industry partners has always allowed us to provide good options for him and adapt the policies in case of issues with the buildings.

Keeping Personal Assets Protected

For small business owners, personal and business finances are often intermingled. They may use personal vehicles for business purposes. They may incur personal debt to be able to leverage their personal assets for their business. They are more exposed to lawsuits, which can impact their household finances if they don’t have adequate personal coverage.

By keeping all of our client’s policies under one roof, we have been able to advise him on how his business moves may affect his household and take a proactive, holistic approach to ensure his family and personal assets are protected as well as his businesses.

The Takeaway

Having a one-stop shop brings you convenience and peace of mind.

Our client knows he can come to us with any question and quickly get the whole picture answer, avoiding the gray areas and time-consuming back-and-forths that can happen when multiple people handle different assets.