The New Year is a time for resolutions. For many business owners, reviewing their insurance policies is on their resolution list and similar to the vast majority of resolutions, while well intended, they are simply forgotten. Business owners and individuals know they need insurance. However, they often buy insurance products without a full understanding of what they are getting – or much worse, not getting!

Insurance is the shifting of the risk of fortuitous loss. It is risk management to hedge against uncertain losses that may occur to you or your business. If you are spending money for insurance, then getting the best value is clearly in your best interests.

Frequently, insurance is purchased with the assistance of an agent or broker. They are professionals who guide you through the choices of coverage, levels of protection and costs of policies you purchase for you or your business. And, using a broker or agent does not cost you a penny!