When it comes to commercial insurance, one size does not fit all. Each industry presents a unique risk profile, with specific exposures and exclusions. Yet many brokers pursue a generalized approach.
At Foa & Son, we believe that selling an off-the-shelf insurance product isn’t enough. To be true risk advisors, we need to understand the unique challenges and specific risks of your industry. Focusing on specialization allows us to act as more than just insurance brokers. We act as trusted advisors, dedicated to applying our deep knowledge to build tailored, superior insurance solutions.
There is no substitute for expertise. For 160 years, we have invested in developing and expanding our knowledge base specific to the industries that we represent. That means listening and learning when our clients describe pressing non-insurance issues. It means engaging in industry-specific trade organizations. And it means attending industry events where we educate, learn, and stay on top of the latest trends.
Is your broker a jack-of-all-trades, who knows a little bit about a lot of industries? There’s a reason a jack-of-all-trades is a master of none. What does that mean for you? There may be exclusions in your business insurance policy that your broker missed. Retailers and food distribution companies have similar inventory exposures but vastly different product recall profiles. A contractors’ liability is, in some locales, a hundred times higher than an in house building maintenance team. A life sciences manufacturer has vastly different exposures than traditional manufacturers. Through industry specialization, Foa & Son can pinpoint exposures, and customize insurance coverages.
Select your industry below to learn how we can help.
