“The best predictor of future success is through analyzing past success.”

When it comes to insurance companies, we have learned over the years that not all of them are the same. We stress to all of our clients how important it is to do your research when determining which insurance company is best for your business and to ensure that your insurance agent is experienced and knowledgable in helping you make that decision.

Finding the right insurance company

Over the years, we have come up with a list of categories that help us to grade insurance companies on their ability to do what is best for the FXG (FedEx Ground) independent contractor, or ISP. The categories that we grade insurance companies on include service, billing, and the most important, claims handling. 

Too many times I have heard a contractor or ISP say, “Who cares about the insurance company?  I just want the best price.” But it’s important to remember, price is just one factor you want to look at.

Sometimes, the best insurance company will offer the best price, but at other times, the worst insurance company will offer the best price.  So how do you tell the difference?  The answer is simple: Get a well-experienced insurance agent who specializes in insuring FXG independent contractors and ISP businesses. At Paradiso Insurance, we have the knowledge and experience to help you navigate the different parcel delivery insurance options to help you find just the right one for your business.

Qualities of the best insurance program:

1.  Low down payment: a great insurance program will have a low down payment cost.

2.  Weekly payment plan with no billing fees: a good insurance program doesn’t add billing fees to a weekly payment plan.

3.  Makes policy changes quickly: it’s important to have an insurance program that will allow you to make policy changes quickly.

4.  Uses out-of-the-box type thinking when handling claims: in the ISP industry, getting creative with claims handling is a must to help keep premiums low.

5.  Aggressive claims handling, especially with workers’ compensation claims: it’s important to have an insurance company and agent that will work with you to mitigate workers’ compensation claims.

6.  Is great at subrogation: it’s important to have an agent and insurance company that is great at getting the insurance company of the at-fault driver or homeowner to reimburse your insurance company for a claim.

The Takeaway

At Paradiso Insurance, this is something we do for each and every one of our clients. That’s why for almost ten years, we’ve been helping FedEx Ground Independent Contractors (ISP’s) all over the United States find the right parcel delivery insurance coverage option and have helped them keep their premiums low. 

Call us today at 860-453-0016 and let us help you find the insurance company that will serve your businesses needs the best or send us a message here, and one of our licensed insurance agents will be happy to help!