For agencies in today’s competitive market, especially the market for business-related insurance, there’s nothing more important than growing your client base and retaining your existing insureds to ensure they are thriving and successful. But it can be difficult to attract new clients on pricing alone without having to skimp on coverage or omit important add-ons from your new business proposal.
So if you can’t grow your client base by dropping prices, then how can you attract new organizations to use your agency? How can you set apart your services and offerings and create a true differentiator?
Partner With An Insurance Tracking Provider
One trend that’s happening in the insurance world is that many insureds are now beginning to ask if certificate of insurance tracking is included or offered as part of an agency’s services. Certificate tracking can be a huge hassle and a major time commitment to your insureds, but it’s a necessary evil for them, often requiring hours and hours of manual work in order to achieve a high compliance rating. And for you, it’s important your insureds keep that compliance rate high in order to avoid significant claims.
What if you could set your agency apart by helping your insureds with their certificate of insurance tracking? Rather than attempting to skimp on certain aspects or cut corners on policy coverages to save some money for clients, consider adding valuable services to your portfolio that help not only your insureds, but also your agency.
myCOI Central: Add Value & Watch Your Client Base Grow
myCOI Central is a cloud-based software solution that can help your brokerage provide a value add through certificate of insurance management and 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.
By using myCOI Central, your agency will benefit in multiple ways:
- Add value to your insureds account with your agency and help them increase compliance while reducing the potential for insurance claims
- Expand your Agency’s ability to compete for clients that are requesting pricing for cert tracking services in their proposals
- Have the potential to create revenue for your agency
4 Easy Ways to Get Started With myCOI Central
It couldn’t be easier to get started offering insurance tracking services to your insureds. In fact, your agency can get started with your choice of 4 options, including:
- Pay for myCOI Central and offer it to your clients as a free value add
- Create revenue by reselling the software to your insureds
- Create revenue by providing your own compliance review services on top of myCOI Central’s software
- Not quite ready for a true partnership? Refer your clients directly to myCOI and our team will take it from there
If you aren’t sure which option is best for your agency, no problem. myCOI’s team of experts can help you identify the right solution to ensure that your agency or brokerage is able to grow and change with your insureds as their needs evolve. Make sure you have the best insurance tracking program your insureds now, and in the future.