Is Buying Business Insurance The New Texas Hold’em Poker?

If you are looking to purchase business insurance, you will have a certain level of power over the range of insurance brokers, insurance companies and insurance providers willing to do business with you.

With that in mind, we will put you in the position of the dealer in our Business Insurance Poker game so you can watch the game develop. Are you sitting comfortably? Then let’s get started:

If you already have business insurance, we will give the existing insurer a dealer button as they really have the best seat at the table. They already have some kind of relationship with you, and they can sit back and wait to see what competitors are doing before they decide to act.

So the next one is the small blind. The small blind is interested in your business because they have invested some of their money in the hope that they can win your business. You may have seen their advertisements, they may have sent you an email, or they may have called you to see if you would like a quote for your business’s insurance.

Next up is the big blind. The big blind, when it comes to business insurance, may very well be the insurance company you’ve heard of. They have spent a significant amount of money to get your attention (maybe a TV ad or some kind of promotion in the national press) and they are unlikely to give up without a fight. So, these are 3 insurance companies that are definitely interested in you and your business insurance:

– Dealer button – your operating insurance company

– Small Blind – Perhaps an insurance broker who wants to help you

– Big Blind – Perhaps an insurance company that has high marketing costs and has caught your attention.

This may only be a game for three, but as it becomes more common among insurance brokers and insurance companies, other parties come into play. These other insurance companies generally fall into 2 categories:

1. They will probably offer something (or have a hand) that is similar to either your existing insurance company (which still has the button) or the small or big blind.

2. These new insurance companies will offer you something different. They are getting your attention because they have noticed an element of weakness towards other people at the business insurance table and are planning to show you how good they are. So how are they going to do it? More often than not, they will raise, and when it comes to business insurance, that means they will give you more than other people at the business insurance table.

Let’s take a look at the Business Insurance Poker hand to explain in more detail:

1. Your current insurance company sends you the renewal terms, but you decide to look for alternative rates for insurance, as it is either more expensive than last year, or you just want to know what else is available.

2. You receive an email from an insurance broker who looks like your existing insurance broker, but will save you a little on premiums. It gets your attention, but is it enough?

3. You are now contacted by the direct insurance company. You know their name, you’ve seen their ads, and they drive down your renewal price even more. Sounds great, right? Well, maybe, but let’s see how the game develops.

4. Another player enters the game and makes a bet (or, in this case, makes you an offer). Their offer differs in that:

a. They specialize in the type of business insurance you are really looking for.

b. They seem to be focusing more on you and your business, rather than how good they are and how cheap they can get your premium.

c. They give you a very good bonus, but in addition to that, they offer you advice, guidance and tell you that if you do take a loss with them, they will be there to help you. They don’t have call centers, ”they don’t keep waiting in lines. Instead, they hire people who understand your business, understand your needs, and are willing to help you.

So with all the bets (or business insurance quotes) on the table, you might want to play one against the others with bluffs, raises (or, in this case, lower premiums) until everyone plays their hand and you have to decide. who will keep an eye on your insurance for another year.

Will you choose?

1. Your current insurance provider – who gave you a renewal premium but only really started acting when threatened by other providers.

2. Someone who offers you the same, but saves you some money.

3. A company that saves you a little more money, but doesn’t really stand out from the crowd.

4. An insurance broker who seems to understand what you need and will do whatever it takes to make you happy.

Insurance companies and insurance brokers should be aware that while insurance is still very price sensitive, the reality is that customers and people buying business insurance want more than just a cheap premium.

They need insurance tailored to their needs, they need an insurance company that will work for them and with their interests at heart, and they want someone to talk to when they need them most.

They don’t want to be forced to wait in lines, or worse, wait just to be turned off. They also don’t want to talk to someone they don’t understand or who doesn’t understand them.

Texas Hold’em Poker is a great game, but insuring your business is a big deal. Make sure you have the coverage, services, and insurance company you deserve and don’t ruin them.

Buys business insurance, new Texas Hold’em Poker was brought to you by Mark Burdette, Marketing Manager Northern Counties Insurance Brokers… The Northern Counties, as one of the UK’s leading insurance brokers, has provided businesses with business insurance since 1928 and specializes in business insurance, auto insurance, kindergarten insurance and nursing home insurance.

Leave a Reply 0

Your email address will not be published. Required fields are marked *