Insurance Business to Grow Your Agency
Agency owners: have you considered the enormous growth potential available in the commercial lines sector?
A recent study by the Big I found that nearly 88% of all commercial lines business was written through the independent agency channel. If you aren’t taking advantage of that channel, you’re missing out on a huge opportunity that your competition is taking advantage of.
Think about it: every storefront, every factory, every office building in your community needs insurance, and this is where you come in!
Small Business Insurance for Peace of Mind and Extra Revenue
Small Business Insurance gives your clients the freedom to focus on their companies, not claims. Businesses have enough to worry about competing in today's market without having an added concern of loss of income due to a lawsuit or insurance claim. Small businesses are susceptible to a wide variety of issues that can arise - from employee injuries to property damage to disgruntled clients, just to name a few. Ensuring business have the proper insurance coverage will give them peace of mind, and you extra revenue!
Plus, you may not even need to go through the hassle of cold calling. Talk to your existing clientele first, as 1 in 7 homeowners is also a business owner. Becoming an expert in business insurance demonstrates your commitment to your clients' comprehensive protection and overall financial well-being. It builds trust and positions you as the go-to expert in your community.
As a small business owner, the last thing you want is for something to happen that could set you back financially. Business Interruption Insurance (or continuation) policies are a type of insurance that is especially applicable to companies that have physical locations, such as retail stores or manufacturing facilities.
Flexible Business Insurance Options: General Liability Insurance, Commercial Property Insurance, and Professional Liability Insurance Coverage
With Smart Choice as your insurance company partner, you have options for offering Business Insurance to your clients depending on your market needs and type of risks you’re looking to write.
Most small business owners will need to a business insurance policy, known as a Business Owners Policy (BOP) designed around their unique needs. Types of business insurance coverage should include, but will not be limited to:
- General & Professional Liability
- Property
- Business Interruption
- Errors & Omissions
- Vehicle
- Worker's Comp
- Cyber Security
Streamlining Coverage Access with Smart Start Program
Our Smart Start program is the easiest avenue to begin shopping for your BOP clients and provides instant access to top carriers such as Travelers, Liberty Mutual, Hartford, and a number of others. Once you submit your lead through our user-friendly form on the Agency Business Center, we partner with our carriers to quote, bind and issue policies over the phone with you. It’s a straightforward process that provides you with a variety of options enabling you to be increasingly competitive in your local market.
Unlocking Access to Specialized Markets for Insurance Agents
If you have a hard-to-place BOP that is not a fit for the Smart Start program, turn to Express Markets. The Express Markets program provides nearly instant access to over 300 commercial insurance, excess, surplus and specialty markets at the click of a button. Markets include top insurance groups such as RPS, Burns & Wilcox, CRC Group, RPS, Tower Hill Specialty, Tapco, Attune, National General, Tokio Marine, and more.
An insurance agent is directly appointed by these E&S carriers, and the best aspect of this program is that they receive 100% of the commissions they earn.
It’s time to take a look at the businesses around you and council your clients into a proper business owner's policy.