Risk & Business Magazine Nesbit Agencies Spring 2020 | Page 12

CLOSE TIES
BY: WAYNE NESBIT
NESBIT AGENCIES
WITH BRIAN LUNDQUIST,
NESBIT AGENCIES
CLOSE TIES:
Lakeview Bank And Nesbit Agencies
O
ne of the largest costs of
doing business is risk. Every
business, large or small, is
going to have liabilities that
put it at risk. The primary
way to offset that is through insurance
and internal planning. For banks—
especially smaller, independent banks—
the need to have the proper coverage is
even more essential than it is in some
other industries.
Tom Mork, president of Lakeview
Bank, understands this aspect of doing
business better than most. He also
understands that, more often than not,
the best services come not only from
the right companies but also from the
person who is working with you behind
those companies. Business is about
relationships, and when it came time for
Lakeview Bank to get their insurance
coverage, Tom turned to Brian Lundquist
at Nesbit Agencies.
12
While most insurance providers turn to
a single company for coverage, Nesbit
Agencies works with over 75 companies.
This allows them to find the best and
most effective coverage for the individual
needs of their clients. No two companies
are alike, and policies are never one-size-
fits-all. Nesbit Agencies understands this,
and with Brian’s help, they were able to
get Lakeview Bank the right coverage
for all of their issues. All of the property,
casualty, and general liability insurance
that Lakeview carries is written through
Brian.
Additionally, Lakeview owns the building
that they operate out of, making property
management and protection an essential
aspect of their business. If something
were to happen to that property, it
would significantly affect their business.
For that reason, Nesbit also helps with
property coverage and the liability
that goes along with it. And during the
mid-2000s amid a recession, Lakeview
also came into possession of a number
of foreclosed properties, which Nesbit
insured as well.
Ultimately, the relationship between
Tom and Brian mirrors the relationship
between Lakeview and Nesbit. What
Lakeview is able to get from Nesbit are
the type of close ties that one would
expect to find at a smaller, boutique
agency. It also means that when
Lakeview needs something, Nesbit is able
to quickly get on top of it to get them the
coverage changes that they need. Nesbit
is also able to bring a large variety of
service partners to the table that allows
them a level of flexibility which is simply
unmatched.
What about your company? When is the
last time you checked your coverage?
For more information or to find out
how Nesbit Agencies can help your
business, Call us at 952-941-9418 or
nesbitagencies.com. +