If you are looking to buy insurance, you will have a certain level of power over a number of insurance brokers, insurance companies and insurers who wanted to do business with you.
E ‘in this spirit that will put you in the position of the distributor in our business insurance poker game you can watch the game develop. Are you sitting comfortably? Then you started:
If you already have business insurance, we will give your existing insurance provider the dealer button as they really the best place in the table. They have already built some kind of relationship with you and who can sit and wait to see what the competition before deciding to act.
Then next is the small blind. The small blind has an interest in your business, how they put in some of their own money in hopes of winning your business. You may have seen an advertisement for them, which may have sent a letter or can call to see if you want a quote for your insurance company.
Then comes the big blind. The big blind when it comes to insurance business may well be an insurance provider that you have heard. They spent a considerable sum of money to get your attention (maybe an advertisement or a promotion in the national press) and are unwilling to leave without a fight. So those are the three insurance providers who are certainly interested in you and your insurance company:
- Dealer button – the supplier of an existing insurance
- Small Blind – perhaps an insurance broker who want to help
- Big Blind – perhaps an insurance company that has a large marketing spend and has caught your attention.
It ‘possible that this is only 3 players, but as is increasingly common with insurance brokers and insurance companies, other parties enter the game These other insurance providers is generally fall into two categories:
1. E ‘likely to offer something (or have a hand) is similar to one of your existing insurance provider (who still has the button) or the small or big blind.
2. These new insurance providers to offer something different. They attract attention because they have noticed a weakness in the other insurance companies have decided to present and show how good they are. So how can they do? More often, the rise and when it comes to business insurance, this means that you give more than other people at the table of insurance companies.
Let’s play the Business Insurance Poker hand to explain in more detail:
1. Your existing insurance provider sends you your renewal terms but you decide to shop around for insurance quotes alternative as it is more expensive than last year or just want to see what is available.
2. You receive a letter from an insurance broker that looks similar to your existing insurance broker, but you save a bit ‘of your insurance premium. It draws attention, but is it enough?
3. You are now in direct contact with an insurer. You know his name, you’ve seen their ads and they hit more of your renewal price. Sounds great yes? Be ‘, perhaps, but we’ll see how the game develops.
4. Another player enters the game and made a bet (or in this case you have bid on). Their offering is different because:
a. They specialize in the type of insurance for companies that are trying
b. They seem to focus more on you and your business, rather than as they are good and cheap they can get the prize
c. They give you a very good bonus, but most of this offer, we advise, guide and tell you if you suffer a loss to them will be there to help. Do not call centers, are still waiting in the queue. Instead, they employ people who understand your business, understand your needs and are here to help.
So, with Paris (or insurance companies quotes) around the table, it is possible that you should play against each other with bluffs, raises (or in this case the reduction in premiums) until everyone has played his hand and must decide who handles the insurance for another year.
Choose?
1. Your existing insurance provider – which gave its prize for renewal, but only really started playing when under threat from other providers
2. Someone who gives you the same thing, but you can save a bit ‘of money
3. A business that earns a bit ‘more money, but does not really stand out from the crowd
4. An insurance broker who seems to understand what you need and we will do everything to ensure you are satisfied
Insurance companies and insurance brokers must be careful because even if the insurance is always a question of price sensitive, the reality is customers and the people who buy insurance companies want more of a premium on the cheap.
They want adequate coverage for their needs, they want an insurance provider who work for them and their interests at heart and want someone to talk to when they need it most.
They do not want to wait in line or even worse to be kept waiting to be cut. They do not want to talk to someone who does not understand or do not understand them.
Texas Holdem Poker is a great game, but the insurance for your business is a serious matter. Make sure that the coverage, service and insurance provider that you deserve and do not waste.
Is buying Business Insurance the new Texas Holdem Poker was made by Mark Burdett, Marketing Manager for Northern Counties Insurance Brokers. As one of the counties in the United Kingdom North Main Insurance Brokers have provided business insurance business since 1928 and specializes in business insurance, trade in motor vehicles, medicare, maternal care and home insurance.
