• Levelling the Playing Field

  • Aug 30 2024
  • Length: 27 mins
  • Podcast

Levelling the Playing Field

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  • Summary

  • In this episode of Power Producers Shoptalk, David Carothers dives deep into the strategies and tools independent insurance agencies can use to level the playing field against their larger national counterparts. He emphasizes the critical importance of conducting baseline risk assessments, leveraging tools like YellowBird for expert evaluations, and utilizing mod software for thorough experience modification factor analysis. David also highlights the game-changing benefits of Zenjuries for managing workers’ comp claims and the value of producer game plans for structured client engagement. With a strategic approach, he suggests budgeting 20% of revenue in the first year for risk management services and advocates for using video submissions to showcase the agency’s capabilities to underwriters. To round out the conversation, David promotes the Power Producer Base Camp as a vital resource for additional support and guidance. Key Points: Smart Tools for Competition David Carothers introduces tools like YellowBird for outsourcing risk assessments, helping independent agencies compete with larger firms by offering expert services. Investing in Risk Management David suggests allocating 20% of revenue in the first year to risk management services, essential for delivering on promises and establishing strong client relationships. Mod Software and Claims Management He highlights the use of Mod Advisor for experience mod analysis and Zenjuries for efficient workers' comp claims management, both crucial for agency success. Structured Producer Training David advocates for producer game plans and structured training programs to ensure consistent and effective client engagement. Demonstrating Capabilities to Underwriters He emphasizes the importance of using video submissions to showcase the agency’s capabilities, making a stronger impact on underwriters. Power Producer Base Camp David promotes the Power Producer Base Camp, a resource offering business planning, prospecting education, and peer support for producers. Connect with: David Carothers LinkedIn Kyle Houck LinkedIn Visit Websites: Power Producer Base Camp Killing Commercial Power Producers Podcast Policytee The Dirty 130 The Extra 2 Minutes
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