DMI Insurance Services, Inc.

Automotive Program Specialists

1.800.877.2525

Share us on:

DMI Insurance Services, Inc.
Automotive Program Specialists
As the year comes to an end, we think about all we are grateful for. Our relationship with you is one thing that we truly appreciate. Thank you for giving us the opportunity to work with you. We wish you a Happy Holiday Season and much success in the new year.                     - Susan Matlock
New Ventures

What is a New Venture? 

A New Venture is a person or person’s coming together to form a business for the first time.   

Why won’t some insurance companies quote a New Venture? 

Typically, the owner’s or principals in a successful business have extensive management and sales experience which assists in loss control oriented decision making.  According to Merriam-Webster dictionary, venture means: 1) an undertaking involving chance, risk, or danger.  2) A speculative business enterprise.  Naturally, insurance companies identify new ventures as higher risk than established, seasoned businesses.  Since New Ventures are new there is expectation that corners will be cut for the sake of profits and the general lack of business experience is an unmanaged risk. 

What is the best way to get a quote for a New Venture?

Tell the applicants story.  Provide the insurance company with a narrative and/or resume that details why the new business will be successful and should be considered for insurance.  What is the applicant’s prior management or sales experience?  What have the owners or principals been doing for the last 5 years?  Where have they been working prior to starting a new business?  How much capital will be invested in the business and what is the marketing plan for success?

Get to know Lorie
What is your position at DMI:
Underwriter
 
When did you begin working at DMI:
May 1996

What is your favorite part about DMI:
I really enjoy the relationships I've built with my co-workers and with my agents.

What do you find challenging at DMI:
There is never enough time in the day and I always have something to keep me busy.

Personal background:
I was born and raised in Gilroy, CA. I live in Hollister with my family, which includes my 4 sons, daughter, dog and cat. 

What is your favorite thing to do on the weekend:
I love going to the movies and going dancing.

What is your favorite quote:
"A friend should always underestimate your virtues and an enemy overestimate your faults."
Get to know Siobhan
What is your position at DMI:
Underwriting Assistant
 
When did you begin working at DMI: 
May 2015

What is your favorite part about DMI:
I really enjoy the fact that work always keeps me busy, and I love the people I work with.

What do you find challenging at DMI:
Things are constantly changing making everyday a learning experience, which can be challenging at times.

Personal Summary:
I was born and raised in San Jose, CA. I am married with 2 sons. I love spending time with my family and just relaxing when we have the opportunity. I am also very involved with my church which keeps me busy.

What is your favorite thing to do on the weekend:
Catching up on all my shows I missed throughout the week and spending time with my husband.

What is your favorite quote:
"If we don't stand for something, we'll fall for anything"
D.M.I. Insurance Services, Inc. | 1 (800) 877-2525 | www.dmi-insurance.com