Disaster Recovery Insurance Top Priority for Small and Middle Market Businesses in Texas

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All across the vast State of Texas, disasters happen. A reality check is offered to business owners who continue to avoid adopting a disaster recovery plan.

Eighteen years after opening Champion Commercial Insurance in Dallas, Broker Bruce Sams says the need for small and middle market companies to assess their risks should outweigh any business owner’s focus on premiums. As a property and casualty insurance specialist in a state that generated the country’s highest total of insured disaster-related claims between 2000 and 2013 -$16.9 billion, risk control is seen as a tool to control the rising cost of insurance.

Disaster can strike at any time, and while even the most prepared business owners may be adversely impacted, it is the underprepared that are most vulnerable to losing everything when the unexpected happens. Champion Commercial Insurance clients are businesses with anywhere from 25 to 1,000 employees, each with its own risk management needs.

Representing an increasingly rare breed of independent insurance brokers who focus on building long term relationships with businesses, expertise and guidance is offered to assess risks and establish a customized disaster recovery plan. These types of alliances are not just transactional. Experienced independent risk management, property and casualty agents actually protect customers and help maximize the company’s opportunities to prosper.

“It’s not about being insurance sales people, it’s about helping companies manage risk and determining ahead of time what the worst case scenarios could be, and what plan should be put in place for an effective disaster recovery,” states Sams.

The role as a risk management specialist is taken very seriously when establishing clients’ worst case-scenario for risk based on their individual potential for loss, while helping to navigate recovery plan options. Not only do business owners need to consider a recovery plan in the event of structural, material and intellectual property losses, but one that includes possible injuries and loss of lives, destruction of sensitive customer financial records, irreplaceable data—the “what-ifs” can be mind-boggling to the uninitiated.

The larger the company, the greater the vulnerability to different types of hazards.

One storm event can take out dozens of brick and mortar businesses in minutes, as was the case back in March 2000 when a tornado ripped through downtown Fort Worth, devastating dozens of businesses, 25-40 percent of which, did not have a disaster recovery plan and therefore never reopened.  Eighty people were injured, and if the high winds didn’t take the roof, fire and water damage destroyed files, equipment and merchandise.

Independent property and casualty brokers who have years of experience assessing risk can be a business’s best ally when it comes to preventing loss. Owning a business comes with inherent risks even before Mother Nature throws out a hurricane or freak ice storm. Cyber-thieves or even disgruntled employees can sabotage databases in a way than could close a business permanently.  Malware or viruses can invade and infect a company’s entire database before anyone knows it exists, deleting irreplaceable data and shutting down operations for hours, days, or permanently.

Risk management specialists understand better than anyone that business owners can not insulate their companies from disaster altogether, but they can prepare to survive the unexpected with the best possible outcome.

“Disasters happen to somebody everyday,” Sams says. “The key to survival is to have a plan that will respond correctly when the day comes.”

About Champion Commercial Insurance, LLC:

Established in 1997 as an independent property and casualty insurance brokerage, Champion Commercial Insurance is a property and casualty insurance agency serving middle market manufacturers, distributors, contractors and real estate operators in the Dallas and North Texas region.

Founder D. Bruce Sams and his team of 15 licensed agents specialize in risk assessment as a tool to control the rising cost of insurance. Their philosophy is, by controlling their total cost of risk there is a lot more money to be saved than shopping insurance agents and policies.

Contact Info:
Name: Bruce Sams
Email: Send Email
Organization: Champion Commercial Insurance, LLC
Phone: (214) 265-9020
Website: http://www.championins.com/

Source URL: http://councilofeliteadvisors.com/liftmedia

Release ID: 69202

CONTACT ISSUER
Name: Bruce Sams
Email: Send Email
Organization: Champion Commercial Insurance, LLC
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