Wealth Protection starts with thoroughly understanding your coverage.
Risk management is crucial in wealth protection because it helps individuals and organizations identify, assess, and mitigate potential threats to their financial assets. By implementing effective risk management strategies, such as diversifying investments, securing insurance, and conducting regular financial reviews, individuals can safeguard their wealth against unforeseen events like market fluctuations, natural disasters, or legal liabilities. This proactive approach not only minimizes the impact of adverse situations but also ensures a more stable and resilient financial future.
Moreover, risk management enhances decision-making by providing a structured framework for evaluating potential risks and rewards. It allows individuals to make informed choices about their investments and financial strategies, balancing potential returns with acceptable levels of risk. This careful consideration helps in preserving wealth over the long term, enabling individuals to achieve their financial goals and maintain their standard of living even in the face of uncertainties. In essence, effective risk management is a fundamental component of a robust wealth protection strategy, ensuring both short-term stability and long-term financial security.
Click to watch a few brief descriptions from our founder, Brett Beaurivage.
What is The Bag Room?
How An Insurance Advisory Works
Insurance Risks, Realities and Rewards
FAQ’s
Q: How is The Bag Room different from an insurance agency?
A. Right now business owners and individuals typically have to secure their insurance by working with an insurance agent. Insurance agents sell you an insurance product from an insurance company and are paid a commission for it. So inherently their priority is to the insurance company and not you. The policyholder Here. As an insurance advisor, we’re able to work directly with the policy holder and brought on a fee basis to help guide them and make sure that they have the proper risk transfers in place for their insurance portfolio.
Q: What role does The Bag Room play between an insurance carrier and an insurance agent?
A: The Bag Room cleans insurance portfolios and gives business owners and individuals a better chance at managing their insurance program.
Q: How can The Bag Room help me with a denied claim?
A: If any client has received a claims denial, we actually have representatives that will review your denial and make an argument to try to find you coverage.
Q: What do I need to bring for a consultation?
A: In order to provide coverage analysis for our clients, we’ll need to know the big picture of personal and business Insurance policies. From there we do a deep dive into the current construction of their insurance portfolio and identify any major gaps in coverage.
Q: What does a TBR membership provide?
A: We also focus on teaching our clients the proper strategies to implement, to manage their risk effectively. One of those being renewal negotiations. It’s not always the best interest of a business owner to be going to market every single year. So we’ll teach them appropriate strategy to protect their name in the market, which will lead to the solution and goal they want to accomplish, which is lower premiums.
Q: Do I have to be a TBR member to receive guidance infrequently [on demand]?
A: No, memberships are not required, we service many clients on an as-needed basis. The fact is that you don’t need to be a Member (be enrolled in our monthly programs) to work with The Bag Room. Contact us.