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Do you 'throw away' too many referrals? A producer I was working with was ecstatic one hot summer day because he had just obtained 10 referrals from a client. I was excited too and the producer was going to begin working those new referrals right away. Well, in tracking the success of those 10 referrals, only one got written. Is that good or just normal? Let's just say, both of us felt it should have been better. So, analyzing what took place led to the following results: * 2 were not reachable; the producer never connected with the decision-maker. * 2 were messy businesses that the producer realized would be declined if submitted * 3 had strong to severe loss issues * 1 failed to provide all the needed information * 1 was presented, but not sold * 1 was sold Could this one out of 10 scenario have been prevented? That is what we took it upon ourselves to evaluate. The first evaluation made was really there were only three the producer was either able to, or wanted to, quote. So, of that group, he was really one for three. But, what about the rest of the referrals - the ones not quoted? Preventable? In our analysis, many of those were preventable so that you wouldn't end up with 70 percent being "thrown away." The two that the producer was unable to reach were determined to be a problem based on the "introduction" he got from his client to those two prospects. (Note: You do ask to be introduced, don't you, when you obtain a referral?) The person calling their customer (our prospect) from the business was not someone known to them and thus, the call carried little weight. It was not a powerful introduction; it wasn't even a lukewarm introduction, so it was not surprising the producer couldn't get an appointment following that call. The five that were either messy businesses or had heavy losses weren't quality businesses. Was that the luck of the draw and he just accepted that when he asked for referrals, or could

We do not charge an up-front fee. Others charge as much as $20,000 to join. We do not take an equity position in the agencies we serve. We do not restrict our Members from using outside markets and we do not have a right of first refusal on the agent's new business. Since our contract has fewer restrictions, we attract more agents. Our size is a great competitive advantage. http://www.iroquoisgroup.com/faqs/how-else-does-iroquois-differ-other-networks

Some key employees who want ownership will never be given an opportunity to become owners regardless of what they do. This is because some owners are set on holding on to 100% ownership until they sell it all to a third party or die. Fortunately those cases are in the minority and most key employees have a reasonable chance of gaining ownership if they understand potential issues, consider human nature, are patient and consistently do the right things to get them closer to their objective. In this article we will provide advice to key employees about what they need to do to become owners.

High risk merchant accounts can be difficult to understand and choose, but a few points that you can always keep in mind, will help you do better.

Your E&O policy is one of the most important coverages that an agency should have. Here are some key tips to help determine which coverage is the best fit. Do some homework on the various E&O carriers. Things to look at include: - How long have they been writing this coverage - What is their AM Best rating - What resources do they have to help you manage your E&O exposure

Business owners take all possible steps to ensure customer satisfaction. One of the most successful and recommended strategies in this regard is to begin with a virtual receptionist service. This service brings in extra representatives for a business and eases the lives of the customers. When the customers have questions or queries to be answered or any problems to be solved, they try to reach the authoritative body telephonically and it is not uncommon for them for not having to been able to do so. This is where the need for virtual receptionists comes in. Virtual receptionists are basically persons who work for the customer support but do not work from the office or any specified location.

Facing life's unexpected events becomes quite tough when you do not have adequate funds to handle it.

Earning profits is something a business is meant for. Many first small business owners do not know the right way to earn and maximize the profits.

There is wide segment of the consumer market that still prefers to do business by email order or over the phone.

Unsecured loans are one of the perfect financial deals where any kind loans seekers get fast cash assistance in hassle free manner. The word unsecured is supplementary to this financial aid indicating that if you do not have any expensive or any asset that you can put as safety against the loan amount, if you are tagged with low credit record then you can also apply for this and take advantage of these deal.

Do you want to increase your commission, bonus and contingency opportunities within your PartnerPlan®? Start partnering with Assurant, a leading provider of flood insurance products and innovative solutions. Assurant offers policies from the National Flood Insurance Program (NFIP) and a private alternative to the NFIP, Assurant Primary Flood*.

Nobody knows what life has to offer and how the tomorrow may turn out to be. Unfortunate incidents happen when they are least expected and the whole family has to suffer badly. Life insurance plans are designed to help at those crucial occasions only.

Choosing the right insurance plan is a big task for many as they just can't decide which health insurance policies they can qualify for and which one will prove the most suitable among them. At times, they end up paying more than what's needed and have to pay hefty premiums. Sometimes, they don't even get the desired coverage when get diagnosed with a kidney related disease.

Is there a Sales Personality? Yes. That's why it takes a charismatic person to become a good salesperson. And, unfortunately, some sales personalities don't end up in sales roles in their lives. What that means is that most of the salespeople we encounter do not have the unique set of traits that would only make 14 percent of them successful. How did they get into sales? Translate that into our profession. We have a difficult time finding good producers for our insurance agencies. We advertise and interview. We look at resumes by the hundreds. We entertain anyone that the personnel recruiters bring to us.

At times, getting appropriate health insurance policies can be a frustrating experience for a self-employed. Insurance companies look at them with a sense of insecurity at hesitate while offering an insurance policy to them. Fortunately, there are some insurance providers that offer some insurance policies to them. Let us understand what are challenges they face while going an insurance plan, how much does they cost and how can they get it easily.

Most insurance agency owners know what they should be doing in the coming year to make it a highly successful one. They know what their key strategies are and how to measure success. Unfortunately, some common mistakes can get them off track in achieving their goals. In this article we will discuss a few common mistakes that owners should consciously avoid. http://www.iroquoisgroup.com/sites/default/files/Jan2017.pdf

In most agencies, holding customers accountable seems to be one of the bigger frustrations. Have you ever thought or said "why is it always our fault when a customer has a loss that is not covered? They knew that they didn't have that coverage." For agents serious about minimizing the potential of their agency facing an E&O claim, achieving a high level of customer accountability is a great goal to strive for. To achieve this goal may require some hard work and some new initiatives. Documentation is a key but documentation is more than just words in the system. Any agency will be hard pressed to hold their customers accountable without a file that is well documented. However, documentation by itself will not get it done. Agents need to fully understand that when an E&O claim happens, the E&O carrier will look to secure the actual file in question (paper or electronic) to see what it looks like and what it contains. Solid documentation that is handled promptly, is accurate and professional will make the E&O carrier's job much easier. Conversely, a file with sketchy documentation could prove to be a problem in an E&O matter. Effective handling of client interactions is very important. Every day, customers are asking questions, modifying coverages, etc. The questions (and the answers provided) should be fully documented in the agency management system. In addition, requests to delete or decline coverage or to modify coverage in some manner should be documented as well. But documentation only in the system may not be enough. The agency should have a procedure for confirming / memorializing the discussion. Without this, mistakes can occur. Possibly, what the agency heard is not what the customer requested or possibly what the customer advised is not what they really meant. Let's take the scenario that the agency has provided a personal lines umbrella proposal and the customer calls to advise your agency that they are not going to purchase this coverage. W

Iroquois insurance group, an Insurance Group Network providing Insurance services (Iroquois services) through Independent insurance agencies nationwide with property, and liability products. Iroquois Group provides Independent insurance agents a Insurance Group Network of providers across the United States.Insurance cluster,Insurance agency network,Insurance network

Running an agency has gotten very complex. The aging workforce, increasing scarcity of talent and growing demands of carriers are just a few of the challenges owners deal with every day. In spite of these challenges, many agencies are experiencing excellent revenue and profit growth. To accomplish this, they are not only doing the right things, but they are avoiding common mistakes that can hold them back. In this article we will discuss some common mistakes that owners should avoid.

Saying the internet is a boon is an understatement, especially, when you get so many advantages just by typing 'Term Insurance India' in your search engine. So, if you're looking for a term insurance plan, you know what to do, rather type. Go ahead, a world of options await you!