Insurance Brokers

The article outlines three key responsibilities that employers should expect from their insurance broker. These responsibilities include helping employers select and purchase insurance plans that meet their needs and budget, providing ongoing support and communication throughout the year, and assisting with compliance and regulatory requirements.

May 21, 2021

Artificial intelligence is in the process of reshaping the insurance brokerage industry and significant improvements in efficiency are already being gained by the early adopters in the AI space.

July 6, 2023

This article discusses the circumstances under which it might be appropriate to change insurance brokers, such as a lack of communication or inadequate service. It also provides some tips on how to choose a new broker and how to smoothly transition from the old one.

February 10, 2021

While brokers can save you time and money, they are compensated for their services.

February 10, 2021

The article discusses whether insurance brokers can get better rates than what their clients can get directly from an insurance company. The answer is that it depends, but in some cases, brokers can use their industry knowledge and relationships with insurance companies to negotiate better rates for their clients.

February 10, 2021

Insurance brokers can help your business choose policies and coverage types that make the most sense for you.

February 10, 2021

This article examines the differences between employer health insurance brokers and employee benefits advisors, and provides guidance on choosing the right type of professional to meet a company's needs. It discusses the services each type of professional typically offers, how they are compensated, and what factors to consider when making a decision.

August 28, 2019

The article explains the different ways in which an insurance broker can be paid, such as through commissions, fees, or a combination of both. It also discusses the advantages and disadvantages of each payment method and provides guidance on how to negotiate fees with brokers.

February 18, 2021

Property and casualty insurance policies help protect your business against damage, financial losses, legal claims, and covered perils.

March 12, 2021

The article provides tips on how to retain key employees during a merger or acquisition process, including keeping communication open and honest, providing incentives, and creating a culture of inclusion and support. It suggests that a successful retention strategy can help organizations to maintain their talent, culture, and productivity throughout the transition.

January 4, 2023

The article discusses the differences between insurance broker fees and commissions. It explains that broker fees are paid directly to the broker by the client for their services, while commissions are paid by the insurance company to the broker for selling their policies.

April 22, 2021

The article discusses the difference between an insurance broker and an insurance carrier. An insurance broker works on behalf of the client to find the best insurance coverage and rates, while an insurance carrier provides the insurance policy directly to the client.

September 1, 2020

A survey of benefits brokers conducted by Wellfleet Workplace and EIS found that brokers’ top pain points all center around demands for better technology from their carriers.

December 10, 2021

The article discusses whether employers should conduct an annual request for proposal (RFP) process for selecting a new insurance broker. While some benefits of an annual RFP include potentially finding better coverage or lower costs, the article notes that the process can be time-consuming and may not always yield better results than simply renegotiating with the current broker. Ultimately, the decision to conduct an annual RFP should be based on the specific needs and circumstances of the employer.

December 19, 2022

The article discusses the benefits of hiring an independent insurance consultant for businesses, including their ability to offer unbiased advice, access to a wider range of insurance products, and potential cost savings. It also emphasizes the importance of carefully evaluating the consultant's qualifications and experience before hiring them.

February 10, 2021

Insurance Broker & Carrier Analytics Access Introduction.

December 19, 2022

The article explores the hourly cost for hiring an insurance consultant, including the factors that affect the cost and the average rates in different regions. It provides insights for employers who are considering using an insurance consultant to navigate the complexities of the healthcare system.

February 10, 2021

The first step toward determining what makes an insurance broker good is to define what it means to be a good insurance broker in the first place.

December 19, 2022

The article explains the differences between an insurance broker and a consultant, including their roles, responsibilities, and the services they provide to help businesses navigate the complex world of insurance.

February 10, 2021

The summary of the article would be: The article provides an insider's guide on what questions to ask a business insurance broker when looking for coverage, including questions about coverage limits, deductibles, exclusions, and pricing. It also emphasizes the importance of building a strong relationship with a broker who understands the unique needs of a business.

May 9, 2021