Smart Insurance Agents

SEPTEMBER 28, 2024

A broker for medical insurance can simplify the process. In this article, we’ll explain the benefits of using a broker, how to find a reliable one, and key questions you should ask. This guidance is particularly valuable as brokers have a legal obligation in many states to assist clients in finding the most appropriate insurance plans.

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Agency Intelligence

OCTOBER 14, 2022

Insurance premium financing is an ideal solution for insurance providers, agents, and brokers looking to provide the best possible service to their insureds. What is business insurance premium financing? What is business insurance premium financing? Business insurance premium financing […]

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Healthinsurance.org

OCTOBER 16, 2024

State-funded health insurance subsidies change in several states In addition to the ACA’s federal premium subsidies and cost-sharing reductions, several states offer additional state-funded subsidies that further offset enrollees’ premiums, out-of-pocket costs, or both. 4 For 2025, the program is expanding.

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Premium Out-Of-Pocket Broker-Agent Broker 111

Distinguished

AUGUST 5, 2024

Affects homeowner premiums : If a claim needs to be made for one of your clients’ toys, that claim could lead to increased premiums on their homeowner’s insurance, a financial burden that may not be worth the claim. Property and Liability products are distributed through a national network of agents and brokers.

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Healthinsurance.org

MAY 20, 2024

The story was first reported in early April 2024 by Julie Appleby, and CMS subsequently released a statement, acknowledging the problem and noting that the agency is “ taking swift actions to protect consumers from unauthorized activity by agents and brokers.” 2 HealthCare.gov policyholders at risk So what’s going on here?

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Zywave

NOVEMBER 6, 2024

Brokers can now leverage industry data and loss profiles from similar organizations to provide their clients with more sophisticated insight into coverage limit adequacy and potential loss gaps. “The The aim of Zywave’s Cyber Quoting is to help the market to grow cyber premium,” said Zywave Senior Vice President Jeff Cohen.

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Neilson Marketing Services

OCTOBER 23, 2024

The landscape is highly fragmented, with agents spread across regions and varying in size, specialties, and market focus. You can refine your outreach efforts by focusing on agencies with the right premium volumes, specialties, and relationships with specific carriers. But connecting with these agencies can be difficult.

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Healthinsurance.org

SEPTEMBER 17, 2024

But there will also be the same sort of changes that enrollees see every year, in terms of adjustments to plan designs, provider networks, and premiums – including changes to subsidy amounts that can affect net premiums. Premium tax credit eligibility is governed by IRS rules that are applicable nationwide.

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American Agents Alliance

OCTOBER 14, 2024

Understanding millennial insurance buyers and their motivations is critical for agents and brokers selling to this demographic. How to Sell to Millennial Insurance Buyers Here are some ways agents and brokers can find success when selling insurance to millennials: Understand the preferences and buying behaviors of millennials.

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Jackson & Jackson

APRIL 29, 2024

Increase Your Deductible Increasing your deductible is one of the simplest ways to lower your insurance premiums. Compare how different deductible levels affect your premiums by requesting quotes from your insurer. Enhancing the safety and security features of your property can significantly reduce your premium costs.

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Commercial Property Property Insurance Commercial Broker-Agent 52

Redbird Agents

SEPTEMBER 13, 2024

Buyers are more likely to pay a premium for an agency that has multiple revenue streams. This includes any contracts with agents, partners, or referral sources, as well as insurance carrier agreements. An experienced business broker and CPA can help guide you through the process, ensuring you get the best deal.

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Friendly Agent

SEPTEMBER 21, 2020

The movie tackles the lives of stockbrokers and also talks about the life of their partners, insurance agents. When you think you would be able to find valuable satisfaction in life when you help protect the security and well-being of people dear to you, the career as an insurance agent is very fulfilling. Here we go.

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Word & Brown

OCTOBER 31, 2024

Read our prior post, Intro to CRM Tools for Insurance Agents, to learn more about CRM and some of available platforms. The post 5 Strategies to Help Insurance Agents Win Over New Clients appeared first on The Insurance Broker Blog.

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Distinguished

SEPTEMBER 10, 2024

If you want a quote for your client today, sign up with us and submit your business online through our Broker Portal. Insurance brokers looking to expand their business in Alabama should consider partnering with Distinguished because we offer much more than a comprehensive Builder’s Risk program.  Sign in to our Broker Portal.

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PSM Brokerage

NOVEMBER 19, 2024

Build Trust : Clients are more likely to work with agents who are ethical and transparent. Follow Third-Party Marketing Organization (TPMO) Rules CMS considers agents and brokers third-party marketing organizations (TPMOs). Record Marketing and Sales Calls Agents must record all marketing, sales, and enrollment calls.

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Word & Brown

SEPTEMBER 30, 2024

It’s key to review and compare options by carrier, not just premium. 5: Discuss Cost Savings: Explain to your clients how they can save on Dental care, and how adding coverage for major services will affect their plan premium. Another tip that can help you is to partner with the right General Agent (GA).

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American Agents Alliance

AUGUST 22, 2024

For insurance agents, it is critical to understand the implications of these new requirements and proactively communicate with clients as the changes approach. The most immediate impact will be an increase in premiums for drivers currently holding minimum coverage policies. What Should Be Top of Mind for Agents?

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Distinguished

SEPTEMBER 25, 2024

Soft costs : Additional expenses caused by a covered claim that are not related to building materials, equipment, or other hard costs; these soft costs could include additional reinspection fees, increased tax burdens, and insurance premiums. Access our online Broker Portal. Submit your client’s information for a quote.

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American Agents Alliance

AUGUST 10, 2024

The Role of Agents Agents and brokers can help explain these pressures to policyholders who are concerned with rates or repair costs. As premiums continue to rise, agents can offer more value to policyholders through education and risk mitigation.

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Word & Brown

NOVEMBER 7, 2024

Here are seven proven techniques to help you close more sales as a health insurance agent or broker. Sell the value Make sure you talk with your customer about what makes the product you’re recommending a better choice for their specific situation, as compared to something from another carrier (or another broker).

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Distinguished

SEPTEMBER 17, 2024

We had an insured recently where we were at the max 24 months when the broker requested a three-month extension. For example, our Builders Risk program is 100% online, meaning a licensed agent can submit and bind online for qualifying risks. We bound the policy for a six-month term, and the premium was $1,300.

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Jackson & Jackson

APRIL 30, 2024

Understanding Location-Based Risk Factors Location plays a pivotal role in determining insurance premiums for commercial properties. Ask your Broker; they can map it beforehand. Building Codes and Construction Quality Local building codes and the overall quality of construction also affect insurance premiums.

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Jackson & Jackson

MAY 22, 2024

For instance, properties in high-risk areas for wildfires or earthquakes may require additional coverage or face higher premiums. Additionally, factors like proximity to high-risk areas, building age, and the property’s history of claims can affect insurance premiums.

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Redbird Agents

JULY 18, 2024

Insurance companies compensate them with a commission for each policy sold, but there are no added broker fees, higher premiums, or hidden costs when you buy a policy through the agency. This post first appeared at A Review of Choice Mutual’s Final Expense Insurance App on the Redbird Agents Blog.

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Distinguished

AUGUST 12, 2024

When determining the end price of a policy, our underwriters will look at a number of factors that can influence whether the final premium will be closer to 1% or 5% of the total project cost. Property and Liability products are distributed through a national network of agents and brokers.

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Property Insurance Centre

JANUARY 4, 2024

Inflation drives up property valuations , construction costs , and insurance premiums. This has resulted in higher premiums and limited coverage in catastrophe-exposed areas. The rising costs of building or repairing properties have a direct effect on insurance premiums.

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Jackson & Jackson

APRIL 26, 2024

It’s advisable to work with agents specializing in commercial properties, as they can provide tailored advice and negotiate better coverage terms on your behalf. Properties in high-risk areas for earthquakes and wildfires may see higher premiums.

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Jackson & Jackson

APRIL 28, 2024

This often happens when trying to save on premiums. Work with a reputable insurance broker who understands the unique needs of property investors. The post Top 5 Mistakes Property Investors Make with Insurance – And How to Avoid Them appeared first on Jackson & Jackson Insurance Agents and Brokers.

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Jackson & Jackson

MAY 23, 2024

As a result, insurance premiums tend to be higher in California compared to other states. Understanding the unique challenges of the California insurance market not only empowers you but also helps you navigate the process more effectively and save money on your premiums.

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Zywave

OCTOBER 9, 2024

In 2023, Zywave saw a 20% increase in quoting volume within CPQ solutions across all lines of business, resulting in an estimated $76B in facilitated premium. About Zywave   Zywave leads the insurtech industry, powering the modern insurance lifecycle while fostering connections between innovative agents and brokers, insurers, and MGAs.

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Majesco

FEBRUARY 15, 2024

Carriers must balance speed and accuracy to deliver precise risk evaluation, with the expectation and result of comprehensive and fair premium pricing for both the insurer and its policyholders. Let’s Enhanced Decision-Making For brokers and policyholders, having access to timely rating information is crucial for making informed decisions.

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Smart Insurance Agents

AUGUST 29, 2024

HDHPs feature high deductibles but lower premiums, making them suitable for pairing with health savings accounts (HSAs). Employers gain financial advantages by offering health insurance, with group plans often eligible for tax deductions on premiums. Working with a knowledgeable insurance agent can be highly beneficial.

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Jackson & Jackson

APRIL 10, 2024

Assessing the Value of Your Property Accurately The value of your property directly affects your insurance premiums and the amount you’ll be compensated in case of a claim. Considering Specialized Coverage Depending on the nature of your business and the location of your property, you might need specialized coverage.

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Commercial Property Commercial Business Interruption Out-Of-Pocket Expense 52

Distinguished

JULY 22, 2024

At Distinguished Programs, our specialty fine art and collectibles insurance offers several key advantages over relying solely on homeowners insurance: Doesn’t Affect Homeowner Premiums : If your client needs to file a claim, it won’t impact their homeowner’s insurance premiums.

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Distinguished

NOVEMBER 7, 2024

This heightened risk necessitates more substantial bonds, often with higher premiums, to cover potential defaults or non-payment issues. In return for premium payments, the insurer agrees to compensate the insured for losses suffered due to specified risks, such as property damage or liability claims.

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Property Insurance Centre

SEPTEMBER 25, 2024

This might seem like an advantage since this saves cost initially, though it might lead to high premium costs later on. It is important not to rely only on the words that a broker tells you, try to read all the details. These can be added to your policy for an additional premium. – Declaring inaccurately.

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Building Insurer Insured Insurance 52

Tosten Marketing

JANUARY 15, 2023

Google Paid Search For Insurance Agents – What to Know Before You Get Started Paid search is a great option for many agents who want an additional source of leads that reaches beyond their SEO footprint. The best leads are the ones with the largest premiums. What are the best leads for paid search?

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