Agent portal provides instant access to markets with no fees, long-term contracts, or quotas
A new insurance agent partner program is being launched today to give independent agents instant access to general liability, professional liability and business owner’s policies.
The program, ‘InsuranceBee for Agents’, is a partnership between Hiscox and small business insurance broker, InsuranceBee, and will cover more than 180 professions. The easy-to-use portal enables agents to quote and bind online within minutes, with competitive commission rates which are earned for the lifetime of the policy.
Benefits to agents include:
– Fast sign up
– Quote and bind for general liability, professional liability and business owner’s policies online
– Instant coverage for 180+ professions, including start-ups and high-risk industries
– Policy documents sent same day
– Competitive premiums
– No fees, no long-term contracts, or sales quotas to meet
– No post bind effort – all servicing and billing managed by Hiscox, including automatic renewals
– Training and support provided by InsuranceBee and Hiscox, with access to webinars and Q&A sessions with underwriters
Many direct appointments with insurers require insurance agents to commit to long contracts and deliver on an agreed number of sales. To address this, InsuranceBee designed the onboarding and management process to be streamlined and frictionless, meaning that agents can expand their customer base in a fast and hassle-free way, at no cost to them.
Iain Hatfield, President, InsuranceBee stated: “Independent agents have long struggled to grow their business via direct appointments with top-rated insurance carriers, who want to tie them into long-term contracts and production quotas, at a high cost to the agent. Recognizing this, InsuranceBee has developed a solution with Hiscox to offer a wholesaler program that provides instant access to an A-rated insurance company, at no cost to the agent.”
Meghan Mueller, Assistant Vice President, Partnership Strategy Execution at Hiscox USA added: “Agents have been transacting through our portal partners for a decade. Hiscox has enjoyed a long-standing successful direct-to-customer integration with InsuranceBee, and we look forward to expanding our partnership with them in this new wholesale structure.”
Alongside the launch of the portal, InsuranceBee has an affiliate program, enabling agents to earn referral fees for every quote, with no limits on the number of referrals an agent makes…Read more>>