An M Score represents the amount of experience an individual brokerage has. This independent rating can help employers find brokers with expertise in their product offering needs, company size and industry. On a scale of 1-5, the higher the M Score, the broader the broker’s experience.
As an employer, finding a new insurance broker can be overwhelming. There are a lot of choices in Chicago, and it can be challenging to know what type of broker or advisor is right for your business.
Without guidance, employers can fall into common pitfalls like choosing a broker who doesn’t have experience with employers of your size or industry, or hiring a benefits consultant who charges unexpected and unexplained fees.
At Mployer Advisor, we want to help employers. Our goal is to empower you by bringing transparency to the insurance space and helping you make educated, cost-effective decisions and find the best insurance broker for your unique needs.
Employers can easily search our comprehensive directory of insurance brokers by location, company size, insurance product and more. Each insurance brokerage profile features independent, unbiased ratings and real customer reviews to help you evaluate different options and ultimately find the best fit for your company.
Mployer Advisor also offers interactive, up-to-date tools like our insurance broker commission calculator to equip employers and HR professionals with the knowledge they need to stay competitive in their markets.
As you search for the best insurance broker, consultant or advisor for your Chicago business, you can find all the information you need on Mployer Advisor.
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Mployer Advisor lets you search for Chicago-area insurance brokers, advisors, or consultants in one place. Narrow your results at the top of this page by M Score rating, company size, the type of insurance you’re looking for, or even your industry.
Most often business insurance brokers are paid through commissions and fees. Small and mid-size companies’ insurance brokers are typically paid through commissions. These are paid to the broker by the insurance company you select. Larger companies often set up a fee-based arrangement instead of a commission-based arrangement with their broker or consultant partner.
It can feel overwhelming to sift through the many brokers in the Chicago area. It’s why Mployer Advisor provides a free comprehensive list of all Chicago insurance brokers. We include overviews, customer reviews, and our independent rating called an M Score. The higher the M Score, the broader the broker’s experience. With an M Score, you are empowered to choose the best broker for your company.
Insurance brokers, agents, and consultants in Chicago all have a similar role as they help a business or individual select an insurance company and plan.
Finding the best insurance for your business can feel intimidating, as there are a lot of options in Chicago. For most organizations, it’s beneficial to hire an independent broker.
An insurance broker local to the Chicago area will have familiarity to the Chicago healthcare systems and insurance plans. This gives Chicago insurance brokers unique insight that others from out of the area may not have. Also, independent insurance brokers are able to quote you prices for your employees from a wider range of insurance carriers and therefore can often find prices and plans that better fit unique needs.
It can feel overwhelming to sift through the many brokers in the Chicago area. That is why Mployer Advisor provides a free comprehensive list of all Chicago insurance brokers. We include overviews, customer reviews, and our independent rating called an M Score.
If you are currently working with a broker, it’s important to know that you can always change your insurance broker. Even if you’re happy with your broker, it’s a good idea to evaluate Chicago-based insurance brokers often.
If you do not feel like you as a business are not receiving the right price or level of service you deserve, you should evaluate a new insurance broker. Mployer Advisor provides a free list of Chicago based insurance brokers and consultants for you to review including customer ratings and independent scores.
Insurance brokers in Chicago do not specifically handle claims, that is the role of your insurance carrier. Your insurance broker can help you navigate the claims process if needed, especially for large and or questionable claims.
We work hard to ensure every M Score is accurate, helpful, and pushes the insurance brokerage industry to be open and transparent. It’s calculated using a brokerage's breadth and depth of experience across industries, employer sizes, and offerings. An industry-first, the M Score is available for most Chicago-based brokers and more are being added every day.
Making the right insurance choice saves money, helps retain the best employees, and can prevent unforeseen costs. An insurance broker is an invaluable asset so the best time to shop for a new Chicago-area insurance broker is earlier than you think. Extra time helps identify the skills and capabilities expected of your ideal broker, lets you understand how different brokers deliver different results, and gives you the ability to use neutral third-party tools like Mployer Advisor to evaluate broker options.
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