Your First Three Calls
When you're even debating on acquiring a company, there are three calls that should be made right away.
1. Your Attorney
2. Your Bank
3. Your Insurance Broker
Most people leave the third one off the table until they actually acquire the company. By that point, everyone is in a fire drill to obtain the necessary documents, scope of the new company, and every other loose end that needs tied up.
If your insurance broker is within one of the first three calls BEFORE you acquire the company, the transaction is smoother, they can talk with the market and see the full financial cost of insurance (including the company's reputation and loss history), not just the premium.
Who do you call when you're acquiring a company?