What happens if your agency can’t provide differentiated policies, lower costs, or better customer service?
In today’s insurance world, your clients are less concerned about long-term relationships and more concerned with overall value and above and beyond services that help them build their own businesses. So how is it that your agency can stand out in ways other than cutting costs? Is it possible to actually increase earning power without raising policy costs? Yes! Let us explain how.
Help Insureds With Insurance Tracking Hassles
One huge burden that many of your insureds have to deal with every single day is ensuring compliance of their contractors and 3rd party vendors. And the process isn’t simple, short, or without significant risk if done incorrectly. Often times, agents aren’t aware of how much time it takes for their insureds’ Contract Administrator to collect and review each and every insurance document related to compliance, for every contractor that has the potential to be on a jobsite.
What if your agency could differentiate services and provide unique value and expertise to insureds and relieve them of the hassles and risk associated with insurance tracking? With myCOI Central’s insurance tracking solution designed for agencies, insurance professionals can utilize myCOI Central as a retention tool to add significant and lasting value to clients, helping to ease their certificate of insurance tracking burdens.
Generate Revenue While Helping Insureds
Your agency can increase revenue without raising the cost of policies, and also differentiate services that your competitors don’t offer to their insureds. And best yet, the process couldn’t be easier. Choose to create revenue by reselling the myCOI Central solution to insureds, or use the software as your tool to provide compliance review services to your insured, relieving them of the hassle and ensuring the compliance is done correctly.
One of the benefits of utilizing this service for your agency is that over time, you’ll establish lasting trust and dedicated insureds who will stick with your brokerage or agency no matter what. And at the same time, ensuring that your clients have a diligent certificate of insurance tracking process in place will give you peace of mind knowing that they’re protected, and can also be a great revenue generator for your agency should you choose to pass along the cost to insureds.
myCOI Central is a cloud-based software solution focused on certificate of insurance management built to protect your insureds against underinsured claims, costly litigation and failed audits. The software is an easy-to-use solution developed and supported by a team of insurance professionals and is built on a foundation of insurance industry logic to automate the certificates of insurance communication process and ensure your insureds remain protected.