Delaware Business Insurance Update from CNC Insurance Associates, " Buying Business Insurance on Your Smart Phone" 12-6-16

The experience, of buying business insurance, has been the same for over 100 years.  Most business owners look at it as a necessary evil, and something they hate doing.  Well, times are changing. With many of the biggest insurance companies in the world investing in tech, buying business insurance on your cell phone is not to far away. In fact there are platforms right now that allow you to do it. The insurance buying process will get easier and more efficient over the next few years. Small business owners will be able to utilize their mobile devices to interact with their agents and brokers , who in turn will connect seemlessly with the insurance marketplace. In addition the role of the insurance agent/ broker as a trusted advisor and "go to"  professional  will still be in high demand. However they will need to be tech enabled to allow for an easier communication and processing experience in order for consumers to find them valuable. 
All this innovation will come with a price. The insurance industry will most likely reduce commissions to agents/brokers to pay for it. As business owners,  expect to pay fees directly to your agents when they complete day to day processing in the very near future. Until next time be careful out there and know your risks.

G. Kevin Nemith President of CNC Insurance Associates , & The Small Business Insurance Center
Serving DE, MD, VA, NJ, and PA
www.cncinsurance.com
www.bizinsurancetv.org

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