How It Works

HOW IT WORKS

The fact is, the insurance sales network is stacked against you as the buyer.

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We know how the insurance game is played and we’re in the business of leveling the playing field by negotiating on your behalf. Our average savings per business is 35%, and we’ve even saved clients as much as 74% on insurance costs.

There are four secrets the insurance industry doesn’t want you to know:

RateCraft Save Money and Improve Coverage for Business Insurance

1. Your agent represents the insurance carrier.

Agent and agency split a commission between 5-30% every year for the life of your policy. That means your premium payment directly correlates to how much money your agent and carrier makes. The agent is paid by, and represents, the insurance seller — not you as the insurance buyer and business owner.

2. It is nearly impossible to get the lowest coverage price with one agent.

Some agents are direct writers. In other words, they write insurance for only one carrier. Independent agents write for multiple carriers, but they must meet minimum business thresholds that force them to choose from a handful of carriers. No single agent can quote your insurance across all carriers. Rather, it takes nine agency relationships to access all carrier markets. But, without carrier competition, business owners will never gain access to the lowest price without the right strategic approach. That’s where RateCraft comes in.

RateCraft Save Money and Improve Coverage for Business Insurance
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3. Everything is negotiable, and you don’t have to switch agents.

Between two to four weeks before your current policy expires, every business owner receives a renewal quote. Like most business owners and CFOs, it’s natural to assume the price “is what it is,” and that negotiation isn’t an option. However, if you’re prepared with a competitive quote, business insurance carriers will often drop the premium to match it. Same agent, same agency, same coverage. Nothing changes except the cost you’re paying. But you don’t have to wait for a renewal to save. You can start saving right now.

4. Insurance doesn't need to be time-consuming.

You have a fiduciary responsibility to manage risk at the lowest premium. But what business owner has time to pursue nine agency relationships with multiple quotes from each? That’s where we come in. When you hire RateCraft to represent your interests, our industry experts will market your policy to all carriers, negotiate on your behalf and accept payment only if you save money — all while taking no more than two hours of your time. In a quick 15-minute introductory phone call or meeting, we can let you know where your premium sits relative to comparable organizations of your size and in your industry.

RateCraft Save Money and Improve Coverage for Business Insurance

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