RealTimeExpress Blog

December 11, 2012

Business Owners Policy. What Consumers Expect From Their Agent.

First, let’s define Business Owners Policy (BOP).  A BOP policy in general is a package policy that includes both property and general liability insurance.  In many cases additional coverages can be added.  A BOP policy covers businesses in the case of damaged or lost property.  In other words, in the event of a claim, you’ll receive enough settlement to replace the property.  The policy can also include personal property.  The liability portion of the BOP protects the business against claims of bodily injury or property damage.  It can also cover legal defense, libel, slander, & even false advertising.

Now the real question.  What do consumers expect from their Agents?

First of all, most policies, depending on the type of business, will have an average premium of $2,500.  For the small business, this can put a big dent in their annual budget.  Most businesses expect the agent to shop more than one market. Doing so, assures the business they are getting the best deal possible.  Price is important.  Using a small commercial comparative premium rater like RealTimeExpress.com allows the agent to immediately build trust by shopping all their markets with a single entry.

Secondly, businesses expect their agent to be the expert.  The agent must know about additional location/building coverages as well as policy enhancement packages.  The agent that knows this information establishes them as the expert in the industry.

Third, businesses expect their agent to explain the differences between multiple insurance company quotes.  Explain why one carriers premium may be higher than another.  Explain why one carrier may offer additional coverages and how that affects pricing.

Agents, for more information about RealTimeExpress.com, contact Mark Van Horn at 214-295-1586.

September 25, 2009

Why Business Insurance?

Filed under: Commercial Insurance — realtimeexpress @ 8:38 pm
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Business Insurance can be used to cover fire or liability for your business.  If you have losses in a fire, how would you continue to live?  There is Business Income Coverage, or Extra Expense Coverage in case you need to set up somewhere else.  This way customers don’t forget you while you get back on your feet.  Make sure you business has proper coverage.

Tell your agent about RealTimeExpress.com small commercial comparative rater for Business Owners, Workers Compensation, & Commercial Auto.

September 24, 2009

Internet Explorer Still Leading In Browser Market Share

Filed under: Uncategorized — realtimeexpress @ 4:56 pm
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RealTimeExpress  browser stats

RealTimeExpress browser stats

Popular browsers like Chrome (google) and Firefox are still lagging behind leading market share browser Internet Explorer.  Data was releaesed from statistics collected by RealTimeExpress.com. 

Popular versions of Internet Explorer include 7.0 (55% share), 8.0 (30% share), &  6.0 (15% share).

The recent release of Internet Explorer version 8.0 sent RealTimeExpress programmers to the drawing board to adjust the online software as a service comparative rating software for small commercial business.    According to programmer Ryan VerSteeg, “Everything is running smooth with all versions of Internet Explorer”.

September 11, 2009

Commercial Compartive Raters – Two Things You May Not Know

Filed under: Uncategorized — realtimeexpress @ 5:13 pm
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For many years insurance agents have used comparative raters to process their personal lines quotes.  Many agents are not aware of commercial lines comparative raters that are on the market, right now, all online, with Real-time quoting for Business Owners Policy, Commercial Auto, & Workers Compensation.

Today, I would like to point out two important items you may not know when it comes to commercial comparative raters:

  1. Efficiency – no longer do you need to go to each carriers website to enter data.  Enter it once in a comparative rater and the software populates the carriers website on your behalf.  Talk about “reserving the market”, now we’re talking.
  2. Opportunity – if you have more than 2 or 3 carrier appointments you cannot afford to go to each carriers website for quoting.  It costs the agent too much money, especially doing high transaction, low premium business.  Using a comparative rater allows you to take advantage of every opportunity for each of your carrier appointments.  More opportunity = more business.

For more information regarding RealTimeExpress, contact Mark Van Horn at mvanhorn@quantumsys.net.

September 3, 2009

Back Injury Prevention

Filed under: Commercial Insurance — realtimeexpress @ 7:43 pm
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Heard the expression, “I’ve got your back”? So what about your back?  You’re really the one who has it–physically, that is.

Back injuries are one of the most commonly occurring injuries both occupationally and also in the off-the-job activities.  What can we do about controlling this type of injury?

Back Injury Prevention

First of all prevention is the key, as it is the caser with all injuries.  Let’s look at some of the key element sin back injury prevention:

  • Don’t try to be Superman.  If someone is assigned a task beyond his mention capabilities, he will usually tell his supervisor, “I do not know how to do that,” or make some similar statement.  Don’t perform beyond your capabilities.  Get help!
  • Size up the load before lifting (or otherwise moving) it.  Some packages are much heavier than they appear.  So attempt to push the load slightly with your foot before “snatching and grabbing” the load.
  • Be sure the path is safe.  Before carrying the load, look at the floor along the planned path of travel.  There should be no obstacles or spilled fluids in the way.  Many back injuries or other muscular strains occur because the person carrying the load slips or stumbles, causing a sudden sift in the load.
  • Limber up before lifting.  All athletes know the importance of some basic calisthenics prior to beginning a physically-demanding contest.  The same applies to you.  Stretching exercises are critical prior to any manual lifting, especially in the early morning before the body is warm and flexible.

Workers compensation insurance coverage is critical for covering employee back injuries.  Talk to your agent about using RealTimeExpress.com for multiple carrier quoting.

Contact Mark Van Horn @ mvanhorn@quantumsys.net

August 26, 2009

Beauty Shops Popular In Comparative Rater

Filed under: Uncategorized — realtimeexpress @ 3:58 pm
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“Beauty Shops” classification is gaining popularity in comparative raters.  Within RealTimeExpress.com it is the 6th most quoted classification for Business Owners Policy (BOP).  Here are the results of a quoted Beauty Shop classification using 6 carriers. 

Premium

  • Carrier A:   $2,700
  • Carrier B:   $4,368
  • Carrier C:   $2,018
  • Carrier D:   $5,304
  • Carrier E:   $4,353
  • Carrier F:   $3,718

As you can see, using a comparative rater gives you, the agent, options to present to your insured.  By the way, this firm bindable quote was was done in less than 8 minutes using RealTimeExpress.

For more information regarding RealTimeExpress.com contact David Taylor at dtaylor@quantumsys.net.

The above was quoted using $2mln in receipts, $200,000 payroll, and 5,000 sq ft.

August 25, 2009

Fast Track to Small Commercial Success

Filed under: Uncategorized — realtimeexpress @ 7:21 pm
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Did you know small commercial insurance policies (BOP, Commercial Auto, and Workers Compensation) are at $95 billion industry and they account for more than 40% of the commercial business written in the United States?

That makes Small Commercial a great market to be in – specially if you have the secret weapon, a commercial comparative rater, designed especially for agents with direct appointments.

Have you ever wanted to have just one place where you could:

  • Input your data in one website
  • Not have to re-key anything, or answer the same question twice for your direct appointments, and
  • Receive multiple quotes from national carriers such as Travelers, The Hartford, CNA, Liberty/Safeco, and Zurich in real-time?

That’s exactly what comparative raters can do for you.  You will receive multiple quotes, as if you had entered each account into each carrier’s website, without the risk of keyboard errors.  And you get to keep your commissions and contingencies!

Are You Miss Out on These Benefits?

  • Efficiency – save time by entering information only one time
  • One system and one set of questions containing all carrier eligibility rules
  • Allows additional time for service, prospecting and closing

To learn more about RealTimeExpress contact me, Mark Van Horn at mvanhorn@quantumsys.net

August 17, 2009

5 Reasons To Use A Comparative Rater For Commercial Insurance

Filed under: Commercial Insurance — realtimeexpress @ 7:15 pm
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Premium Summary

Premium Summary

Here are 5 really good reasons to use a comparative rater for standard commercial insurance (BOP, Commercial Auto, & Workers’ Compensation):

  1. Going to each carriers website to enter data causes quote fatigue.  It’s impossible to shop each carrier appointment.  Using a comparative rater for commercial insurance allows you to enter data one time and get back multiple quotes in real-time.
  2. No longer do you have to know the appetite for each carrier.  The comparative rater does it for you.
  3. Side-by-side comparison.  With comparative raters, you can view a side-by-side comparison of each carrier coverage and quoted premium.
  4. Data is pre-filled at the carriers website.  When you get a quote with a comparative rater, the data is pre-filled at the carriers website.  No more duplicate entry.
  5. More time for selling.  Using a comparative rater allows the user to spend less time quoting and more time selling.  This helps your bottom line.

For more information regarding comparative raters, contact me (Mark Van Horn) at 469-892-9849.

July 29, 2009

How To Find The Best Deal For Your Commercial Insurance

Looking for the best deal on you commercial insurance?  Need a Business Owners Policy (BOP)?  Need Workers’ Compensation?  Need Commercial Auto insurance?  Here are the steps to make sure you get the best deal possible.

  1. Ask your agent if he or she uses an online commercial comparative rater.  Agents need to be able to give you more than one quote and they need to give it to you quickly (not days).  Many agents are not aware of these tools. 
  2. Ask to see a side-by-side comparison of coverages and premiums by insurance carrier.
  3. Ask your agent to clarify advantages & disadvantages of coverages by carrier.

Following these simple steps will ensure you get the best deal possible on your commercial insurance.  Insurance agents to be aware of tools that exists to make thier life easier & efficient.

For more information regarding www.realtimeexpress, contact us at helpdesk@realtimeexpress.com.

July 23, 2009

Top 20 Business Classifications for Business Owners Policy

Take a look at the top 20 quoted business classifications in the last 60 days from our on-line comparative rater realtimeexpress.com.   

1.  Convenience Food Stores
2.  Restaurants – All Restaurants (Dine-in, Carry-out, Fast Food, Pizza, etc.)
3.  Building or Premises – LRO Single Occupancy
4.  Automobile Repair or Service Shops
5.  Cellular Phones and Pagers Stores
6.  Beauty Shop
7.  Building or Premises – LRO Multiple Occupancy
8.  Churches
9.  Building or Premises – LRO Strip Shopping Center
10. Grocery Stores
11. Insurance Agents
12. Building or Premises – LRO Multiple Occupancy Office
13. Liquor, Wine and Beer – Retail
14. Doctors Offices (No Emergency Clinics)
15. Nail Salons
16. Real Estate Office
17. Janitorial Services
18. Dentists
19. Furniture Stores Retail
20. Gift, Novelty, Souvenirs Retail

For more information or to schedule a demonstration of RealTimeExpress email dtaylor@quantumsys.net.

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