Should Your Business Plan Include an Insurance Proposal?

Since an insurance carrier proposal form is the basic requirement between a business seeking insurance and the insurance company, you may need to include this as part of your business plan. The idea behind the form is basic; an insurance proposal form is used to gather information to determine how insurable your company is. Since the information from such a form is often the sole basis for the decision as to whether a policy can be issued, it is wise for you to seek the expertise of a business plan writer experienced in handling this particular type of paperwork.

It’s a good idea to go ahead and also have your professional business plan writer draft the copy for the additional information portion of the insurance carrier proposal form. This part of the form allows you to provide the insurance company with any information not requested on the form which you believe would result in a positive decision. It’s the opportunity, basically, for you to plead your case. This can be vital, especially if the additional information might convince the carrier to give you a better rate, or sway them to give you a policy even if the bare bones of your application is found wanting. Since insurance is essential for the operations of many types of businesses, this is highly important.

If you have professional business plan consultants and business writers at your service to complete the insurance proposal form and draft the additional information section, your chances of a favorable outcome are greatly increased. Not only do you have a better chance of adequate coverage, you can get a better rate, making the expense of a pro well worth the investment!