The ability of a carrier to pay claims and its financial strength are the two most important factors in determining from which company to purchase insurance, according to a recent survey by the U.S. Chamber of Commerce. The survey found that price was the third most important factor. The survey, completed in November 2001, included responses from more than 1,000 Chamber members and covered a wide range of insurance-related issues.

Turning to risk management, the Chamber members indicated that worker safety programs and formalizing safety policies and procedures were the two most-popular methods of limiting exposures. Another major finding: U.S. businesses are very concerned that costly lawsuits or uninsured claims will drive them out of business.

In trying times such as these, it is important to obtain the services of a professional insurance agent. If you have questions or concerns about your company’s insurance program, give one of our staff members a call.