it's not necessary to change. survival is not mandatory. - Media ...

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usiness “checkup” — continued operations that were not contemplated by your current programs. It provides you an opportunity to gauge the effectiveness of your current risk management plans and also uncover patterns in your loss experience that suggest the need for additional risk control • Assist in creating a safer, more favorable work environment to attract and retain high-quality employees. Your recommended insurance carrier, Federated Insurance, provides an Annual Client Review SM and a Risk Control Review SM for each insured business each year. These reviews are part of the Company’s Major Client Service Standards. An annual review can help you determine if you are appropriately targeting resources to risk control programs that have the greatest impact on your bottom line. attention. Finally, an annual review can help you determine if you are appropriately targeting resources to risk control programs that have the greatest impact on your bottom line. An annual risk management review may have other indirect benefits as well: • Help protect your future insurability by controlling losses and reducing claims. • Provide cost savings through reduced insurance premiums. • Trim expenses by reducing the hidden costs associated with claims—such as lost productivity, additional costs for hiring and training, and lost goodwill. You should expect your insurance agent or company to visit with you annually for a check-up of your insurance and risk management programs. You may find annual reviews are the best prescription for maintaining the health of your business. This publication is intended to provide general recommendations regarding risk prevention. It is not intended to include all steps or processes necessary to adequately protect you, your business, or your customers. You should always consult your personal attorney and insurance advisor for advice unique to you and your business. For more information, contact www.federatedinsurance.com. Think changing your DMS vendor is hard? Our 10-step informational guide makes switching your DMS easy Visit automate.com to download our FREE eBooks to help guide you through the DMS decision making and data conversion process @AutoMateDMS (877) 340 – 2677 A Dealership Management System Designed By Car People, For Car People 20 ILLINOIS AUTOMOBILE DEALER NEWS www.illinoisdealers.com
REACH YOUR TARGET AUDIENCE AFFORDABLY Find out how targeted advertising can produce real, measurable results for your organization. ADVERTISE AND GET RESULTS Don F. Brown, Project Manager Media Communications Group Spectrum Ink Sales & Marketing 813-423-1429 don@spectruminkpublishing.com Predicting Lender Acceptance is Like Predicting the Weather You Could Be Wrong Secure customer financing with confidence by submitting a single contract to several lenders at one time – the LAW ® 553 Retail Installment Sale Contract. For more information, contact your local Document Consultant or call 800.344.0996. Visit our re-designed www.IllinoisDealers.com For all your online membership needs Log on to the new member only area using your unique “dealer ID” – the IADA Membership ID printed on your annual membership statement. Please call the IADA office if you need assistance. www.IllinoisDealers.com is an informational community site for the automotive industry of Illinois. 21
Page 1 and 2: A Publication of the Illinois Autom
Page 4 and 5: CONTENTS Vol. 20 No. 4 Illinois Aut
Page 6: IADACHAIRMAN’SLetter | BY JIM LOM
Page 9 and 10: It’s Not Necessary to Change. Sur
Page 11 and 12: the next level is here are you read
Page 14 and 15: Getting the Jump on Financial State
Page 16 and 17: getting the jump — continued and
Page 18 and 19: di-zas-ter (n) a calamitous event,
Page 22: Accounting Woodward & Associates, I

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