Call Michael J. Bodnar
GordonTower Insurance : Owner/Agent
2/663-7777 mbodnar@gtowerins.com

14701 Detroit Avenue, Suite 362
Lakewood OH 44107

Personal Insurance
GORDON TOWER INSURANCE

Our Knowledge is Your Best Protection!!

Competitive Auto Rates

Great Claims Service

Expert Agent Advice

Personal Insurance Insurance
We believe in our customers and build trust with them. That is why they have trusted us with their insurance needs. We are an independent insurance agency representing a wide variety of professional insurance carriers which we have chosen to work with, based on their excellent reputation.

Companies & Affiliations
We evaluate each customer individually and place them with the right carrier to best fit their insurance needs. Call Gordon/Tower insurance today for a free consultation. Michael Bodnar will review your insurance policies and conduct a free insurance analysis. No need to wait for your current policy to expire - call today to find out how Michael can help you save money

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Why spend your time with big box insurance companies where you are just a number when you can get personal one on one support. Instead of talking to an inexperienced phone operator in India or some other foreign country, your expert is right here, in your neighborhood! We come to YOU to earn YOUR business by putting away the sales pitch and showing you a quote custom designed for you.

Business Needs Analysis

As a business owner, you need to know how much insurance you will require. This can be overwhelming and challenging. It is essential that you have the appropriate insurance policy in place, should you need to make a claim.  Having the proper coverage’s can save a small business a lot of money in the long run.

Conducting a Business Needs Analysis is the first process you should know in evaluating your insurance needs. A Business Needs Analysis will provide you with a better idea of what kind and how much insurance would be the optimum for your type of business. Purchasing liability, property and health insurance, in addition to Worker’s Compensation, can be quite expensive, so finding out exactly what coverages and how much of each insurance coverage you need is critical.

Evaluating your business is the first step.  In order for your agent to properly quote your business, you must accurately analyze the different liabilities and assets which directly affect the business. These include:

Property – all equipment, real estate and other assets.

Business Volume – the amount of accounts receivable and the average cash flow of the business.

Salaries – how much you pay yourself and how much you pay all employees the company has.

Overhead – the cost of running the business including rent, utilities and other miscellaneous expenses.

You should also take into account future trends and the state of the local economy as this may have an impact on your business in the future.  Once you have compiled these figures, you can then better determine your company’s insurance objectives and what type of insurance plan would be optimal for your business.

The second step for your determining your insurance needs involves estimating your business’s potential for losses. This includes fire, theft, property damage, an employee’s legal action or losses due to economic hardship etc. Once you have evaluated your assets and liabilities, you will be much better prepared to determine how much insurance your company will need. You will want adequate coverage for your assets so make an accurate assessment of potential risks to your property to get adequate coverage.

Usually the higher the premium, the higher amount of coverage as more assets will be covered. Making sure you take into account any high risk factors so all  potential risks will be ascertained for your business is crucial.  One way to save money on your premium is to choose a higher deductible. If you chose this route, you will pay less for your policy. Make sure you get the right amount of insurance depending on what your company can afford.

The law requires your business to carry Workers’ Compensation insurance. Consult with your company’s lawyer or financial advisor to determine how much your company may need and what type of package would be optimal for you and your employees.

Comprehensive coverage might be recommended for your business if you have several employees and own the business property. Group health and life insurance along with disability, property, flood and fire insurance can often be included in your commercial policy.

Gordon Tower Insurance is a reliable insurance company you can count on for your business needs. Choosing Michael Bodnar, an experienced insurance agent, is an important component to obtaining the right amount of insurance for your business. A knowledgeable agent like Michael can help you perform your needs analysis, and ensure you have the proper coverage so you can focus on your business and know you are in good hands.

Choosing an insurance company with a reliable reputation and solid expertise will give you greater peace of mind if any unfortunate event befalls your business. The last thing you need if you have to make a claim is headaches or being left on hold on the phone.

Have your business appraised periodically to adjust the level of insurance you will need on an ongoing basis. Because business finances and assets change over time, the amount of insurance you might need can also be adjusted to reflect your changing needs.

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Testimonial

Knowledgeable & great to work with

 
Strongsville resident Karen Freedman says “Michael Bodnar is knowledgeable and great to work with. He always has an encouraging word and has been a huge help when we have had to make a claim on our insurance.”

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Hardworking & quick to respond

 
Akron resident Amy Friday says “Michael is dependable, hardworking and is quick to respond. He has been there for us when we needed him, especially when our daughter was in a car accident. He helped us and answered all of our questions in a timely manner.”  

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Professional and Experienced

Lakewood resident Lisa Sierk says “We have all of our insurance with Michael Bodnar. We had been with the same agent for decades who retired without informing us. Michael is professional and experienced and we wanted someone who would be in our corner and we have that with Michael.”

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