|
Contact
us
Link to my blog….
accountability.wordpress
Other recommended blogs:
reformingprojectmanagement
chaunceybell.blogspot
contractorsblog
focusedperformance
jrothman
To
read articles
from past newsletters,
click here!
|
Save up to
40% on insurance premiums!
Construction Business Professionals–
I am getting so many calls about the ICRS team–
Insurance Cost Reduction Services. So let me tell
everyone that yes, they really can do what they
say they can do. I have talked to a few of their
clients and heard first hand of savings up to 40%.
When I find something this good I think we should
let everyone know. So please take a moment to read
this and please pass it on to another business owner
that you think may benefit from paying less in insurance
premiums.
Here are the two main questions people
are asking:
QUESTION: How does ICRS reduce
premiums by so much?
ICRS does a better job of negotiating
with insurance brokers than the typical buyer can
ever hope to accomplish. Buyers enter insurance
negotiations greatly disadvantaged, while for years
ICRS has been doing nothing but perfecting the art
of negotiating with insurance companies. Most people
don’t grasp how negotiable rates and terms
are.
The insurance industry unfortunately
isn’t like other markets where shopping around
and getting quotes is a fairly simply matter (like
buying your company trucks, for example). The insurance
industry is frought with complication and inefficiencies
that cause unnecessarily inflated premiums to occur.
In fact, in 9 out of 10 cases, ICRS finds that client
premiums are significantly higher than they should
be—often to the tune of 20-50%. They act for
you as an independent, impartial renewal management
consultant with vast expertise in how the insurance
industry works, and on your behalf, collect and
assemble complete, accurate insurance bid information
for your business and then utilize that information
to find the true bottom of the market. More importantly,
they do so while still enabling you to retain the
same level of insurance coverage and service (in
fact, coverage often increases along with the price
reductions that result).
Here are some examples of buyers'
disadvantages:
- Too busy doing other things / limited time
to deal with insurance renewals and negotiations.
- Lack specialized knowledge and training for
negotiating with brokers. Don’t know what
questions to ask, or what they should/should
not do.
- Lack a systematic approach and are not organized
or prepared.
- Expiration dates work against them, narrowing
choices and options as renewal dates approach.
- Can’t separate noise from signals. If
10 brokers call, perhaps one of them has a real
opportunity, but gets rejected with the rest.
- Lack comparison and reference points to know
what is a good deal, and what isn’t.
Unfortunately, other negative forces
also work against buyers including the following:
- Brokers can be too busy to really focus on
your case.
- There is a disincentive for a broker to work
harder and longer to drive down premiums, only
to diminish the broker’s commission check.
- Brokers can lose control of a case, and fail
to seize opportunities for you, due to their
own quality control issues.
- Underwriters are still asking brokers where
they need to be price-wise, and brokers are
still telling them.
- Brokers continue to try to monopolize client’s
access to the marketplace, and eliminate real
competition for business.
- There is still plenty of danger for deception
and misunderstandings.
Lastly, here are a few other reasons
why an insurance renewal management firm such as
ICRS can save contractors so much money:
- They handle hundreds of renewals for each
one that a clients handles.
- They have a $100,000 custom-built software
system that was designed to make sure they deliver
a controlled and systematic process, all aimed
at helping you negotiate effectively.
- They have a large and growing base of existing
quotes they can use for reference and comparison,
allowing them to gauge which are 'good deals'
and which aren't.
- They are constantly negotiating with brokers
on behalf of their clients.
- They are constantly accumulating market intelligence,
and have many sources of help and information
throughout the insurance community.
- Their work is 100% focused on helping clients
control their renewals.
- It is their intense focus, accumulated resources,
growing knowledge, and extensive connections
that give them such a large advantage over the
typical CFO or business owner, when it comes
to negotiating renewals.
QUESTION: Why shouldn’t
I wait for my renewal dates to start using ICRS'
services?
Although policy renewal dates are
a convenient time to implementing a renewal management
process to control costs, it is by no means the
only time to do so. In fact, the sooner you begin
getting a handle on your insurance renewals and
engage ICRS' services, the sooner ICRS can begin
the critical steps of building your insurance buyer
profile and specifications, which is a critical
step in getting true “bottom line” quotes
from insurance companies. Even in cases where you
may have recently renewed, the savings on a particular
policy type may be so enormous that you will still
save significant money by renewing to a more competitive
policy early. The really good news is that either
way, you have nothing to risk, since if you don’t
stand to save money, you don’t end up paying/risking
anything to have them involved.
ICRS' proposition is one of delivering
control and power at zero financial risk to their
clients. Expiration dates are important in many
people’s minds because brokers have trained
them to think that way. That is the time of year
buyers are used to experiencing crisis. In contrast,
ICRS advocates preparation and organization, and
work to minimize crisis and excitement most people
associate with renewals.
They much prefer to start working
on a case far ahead of the renewal date, and use
that time to get fully engaged and well-prepared,
while auditing for hidden opportunities to save
money. Just as would be the case with a CPA right
at a tax deadline vs. after the deadline, the quiet
time away from the hectic expiration cycle allows
them to do their jobs most effectively. They need
to plan and organize our resources to serve their
clients. Sooner is always better to get ICRS on
the case
Here
are some testimonials from happy ICRS customers!
Click
here, or copy and paste this url into your browser:
http://www.gregoryneilassociates.com/ICRS_Testimonials__original_.pdf
Here
is an article about a book by ICRS founder Don Bury.
Click
here, or copy and paste this url into your browser:
http://www.gregoryneilassociates.com//inc_mag_excerpt.pdf
Don Bury
will be a guest at the next North
Bay NARI meeting in January!
Click
here to read the flyer, or copy and paste this
url into your browser: http://www.gregoryneilassociates.com/NARI_Meeting_Flyer.pdf
To RSVP for this meeting, please email
me.
Gregory
Neil Associates
415-258-2873 or 415-699-8512
The Bay Area's leading provider
of Education, Consulting,
and Coaching services for the Construction Industry
We participate in responsible marketing.
If you have received this in error, are not a
construction professional, or wish to be removed
from our list, reply to
this email with unsubscribe in the subject line
and you will be removed immediately.
|
|