Record-Retention Policy Helps Insurers, Brokers Avoid Exposures, Assure Clients

The abundance of documents–from contracts to e-mails–generated each day in the insurance industry creates a dire need for agents, brokers, insurance companies and consultants to find effective and cost-efficient ways to store critical information.

As business grows and new policies are dictated by regulatory and governing bodies, hardcopy and electronic files increase exponentially. The costs of storing data, electronically and physically, can become exorbitant.

As data continues to multiply, the need for an insurance agency, brokerage or company record-retention policy increases. Plan ahead to make sure your documents, your customers and your company are safe.