We believe in keeping things simple. This form will help us streamline your Commercial Insurance quote and provide the best service possible. If you have any questions, please don't hesitate to contact us. We're here to help.
We offer Commercial or Business Insurance in 11 states!
VT • NH • NY • MA • ME • CT • RI • PA • NJ • DE • SC
Northshire Insurance specializes in Commercial and Business Insurance, offering tailored solutions to businesses of all sizes. As an independent insurance agency, we pride ourselves on our ability to provide comprehensive coverage by harnessing our extensive network of over 200 carriers.
Our commitment to excellence ensures we can secure the right insurance options to safeguard your business's unique needs and assets. You can trust Northshire Insurance to be your dedicated partner in protecting your commercial
Here is a list and brief description of our Commercial Insurance offerings:
An insurance audit is a process in which an insurance company reviews a policyholder's records and financial information to verify the accuracy of the information provided when the insurance policy was initially issued.
An insurance audit aims to ensure the policyholder pays the correct premium based on the business's size, operations, and associated risks.
These audits help prevent underpayment or overpayment of premiums and detect misrepresentations by policyholders and lazy agents.
If discrepancies are found during the audit, adjustments to the premium may be made to reflect the actual risk exposure.
If it's discovered that you overpaid based on your audit, your company will receive a refund or credit towards your next term.
When we start your commercial and worker's compensation insurance policy, we ask three questions besides what your company does or what services are offered.
1. How many employees or subcontractors do you have?
2. How much is your Payroll?
3. What is your company's gross income?
It's relatively easy, and even if we estimate because the company is new, the closer we are to those actual numbers, the less we have to worry about post-audit.
Audits will happen, yes, sometimes it's at random, but they are a standard part of the industry and should not be balked at or intimidating.
It is important to check your mail & email and always open up those letters from your insurance carriers.
When an audit is not done after it is requested, carriers will adjust your premium to the national average for other companies in the same field. This can double or triple the payment, and you have to pay it all at once. It can take a few weeks to correct this.
So open that mail or email to see what they want; it could be a billing statement that you're used to discarding because you are on automatic payments, or it could be an audit!
Feel free to contact us with questions!