| Agents | Business Owners |
When a business owner rates his/her Workers' Compensation premium with MultiComp he/she will be purchasing the names of the carriers quoted. More importantly, they will be purchasing information on agents that represent those carriers, who are registered as members of MultiComp. Registering as a member with MultiComp assures business owners that you are serious about offering great coverage and service at the absolute lowest cost. Make sure you register today, and receive the highest quality leads tomorrow.
With decreasing premiums and commissions it is more important than ever to maximize your efforts. MultiComp is a tool that can help you to quickly and effectively identify a risk as someone you can or cannot help. If you can't improve on someone's situation you can move on to the next prospect having not wasted precious resources and time. On the other hand, if the account contacts you as a result of a quote received from MultiComp, they are already qualified and come to you ready to buy.
In today's competitive marketplace you need to take advantage of every opportunity available to bring your products and/or services to market at as competitive price as possible. At first glance, your insurance premiums seem to be a great place to cut costs and save money... after all you've never had a loss! In a way your right, the differences between the best and worst priced insurance product for an industry is so great that you could easily cut your costs in half. However, in order to get the best price a market has to offer you would have to quote every carrier. In order to quote every carrier you would have to meet with with dozens of agents, and spend hundreds of hours being sold what they are interested in having you buy. Time is money in business, and this approach would probably cost more than you would save, and even then there is no guarantee that an agent will quote a carriers best price. What you need is information. Information is power, and with MultiComp you get that information quickly and efficiently. In the amount of time it takes you to make an appointment with the first agent who calls, MultiComp would have already quoted the best available price for your business, and introduced you to agents who can definitely help.
It seems that all you do anymore is re-market your existing accounts, in an attempt to keep them from being taken at renewal. This ever-softening market has created a mountain of work for agency staffs just trying to protect their customers. MultiComp will allow you to evaluate your competitive position with just a few clicks of the mouse. Never again lose a piece of business to a carrier you have access to but didn't solicit, because you were unaware they have increased their filed deviation or scheduled credit.
MultiComp supports the American Independent Insurance Agency System. We believe that you need a good agent for an untold number of reasons. However, we understand the logistics involved in searching the marketplace can be daunting, and you would probably spend an inordinate amount of time with individuals who just don't have the ability to help you. We will put you in touch with quality agencies, who represent the carriers that you want to pursue a relationship with, and are committed to providing the best price available. Don't let the pretenders spend your time and money ever again!
Is there a benefit to knowing what your competitors best premium is for Workers' Compensation? You bet there is! Let us give you two examples:
A. You have just spent the better part of three months working on a $150,000 account, and it is the day before the presentation. The insured tells you that he will be getting his quotes from Travelers this afternoon and will meet with you tomorrow morning. You quickly re-rate the account with Multicomp and find out that the Travelers best quote will be $5,000 better than your best quote. Armed with this information, you now have a day to try and make up that premium difference on the other lines being quoted. Without this information, you will blissfully walk into the account only to be informed that the last three months have ended up a complete waste of time.
B. You meet a new prospect. It is an excellent risk with a great loss history, and you are excited about the opportunity. In your initial meeting the prospect advises you that they have assigned markets, and shows you who your competition will be using. Upon coming back to the office you immediately rate the account with MultiComp, which provides you with both good and bad news. The bad news is that your competitions price is 40% better than your best market. That is also the good news, although it doesn't feel that way, because you understand there is no way you can make up that 40% on other lines and you can now move on to the next account. Without this information you would have spent an enormous amount of resources working on an account that you could never win.
Believe it or not agents do not always give you their best available premium. In fact, sometimes they don't even know that there is a better opportunity available for you from a carrier they represent. Knowledge is power. Once your agent knows you have this information, he/she will make sure that your account gets the attention it deserves on a regular basis. MultiComp puts the power of information in your hands with a few clicks of the mouse.