Diversification is an important concept for individuals and companies alike, and it’s an important part of our business model, too. If you’ve ever taken a look at your 401(k) statement, for example, you know your retirement savings are invested in multiple mutual funds or other financial products. Your investment adviser doesn’t place all of your savings into a single product because it’s far too risky. If a bad day in the markets wiped out that fund, how would you achieve your retirement goals? In the insurance services world, we recommend exploring a unique approach to premium financing. It can boost your company’s revenue potential and free up valuable time.
The need for insurance services diversification is just as important as diversification in any other aspect of life or business. By building multiple profit centers into your organization, you can continue working toward your goals, paying salaries and writing checks for bills without disruption. If one area of your business suffers because the markets take a turn for the worse or the economy stalls, your organization will be able to move ahead, even if competitors face challenges. With a new year ahead, now is the perfect time to reexamine the insurance services you provide and explore ways to diversify.
Insurance services through premium financing
Our company specializes in helping businesses like yours set up premium financing within your organization rather than outsourcing it to a vendor. It’s our philosophy that you deserve to benefit from this type of financing, which you already arrange with outside parties. We’re proud of our track record, and we think you’ll find it encouraging. Over the past 25-plus years, we typically help generate from $30,000 to $40,000 net profit per $1 million financed. Our clients are better off financially with this arrangement than they would be under other circumstances.
If this insurance services arrangement sounds confusing or seems like too much work to be worthwhile, we know where you are coming from. But hear us out: We know this arrangement can be a great fit because we’ve seen it in action with other companies, and we’re prepared to help at every step of the journey. Our objective is to serve as a turnkey solution for this kind of financing within your business. We give our clients permission to focus on their core business while we manage all backroom operations of their new entity. The COST team is capable, experienced and easy to work with.
Another advantage of working with our organization on a new insurance services entity is the technology we bring to the table. Perhaps you have worked in a company where budgets are so tight that technology is seldom replaced. By working with COST experts, you’ll have access to powerful technology that’s not only functional and intuitive but also cutting-edge. In our toolkit is an online quoting system you can use for management purposes. It’s easy to learn, flexible and customizable.
A final benefit of partnering with our organization is the fact your insureds will enjoy high-quality customer service. We believe in bringing our A-game to your organization each and every day. Although it can be tough for companies to relinquish elements of customer service—a critical function in any business—our team is experienced in customer care. We’ll learn from you about the insureds you support and strive to deliver the service they’ve come to expect.
If you would like to learn more about the benefits of adding a new insurance services entity within your business, we invite you to call us at 800-844-2678 or to visit COST Financial Group.