HOW MANY OF YOUR CLIENTS FIT INTO THE SME CATEGORY?
Sourcing cover for the smaller businesses in your book can often be a chore when the investment in time is high and the financial reward is low.
Our founders originally worked as brokers and realised they were continually running into the same inefficiencies when they were sourcing cover for their SME clients.
In particular, three major pain points were cropping up every time:
- TIME INTENSIVE
The smaller size and value of the business doesn’t translate to a smaller stack of paperwork.
- LOWER EARNINGS
Going through the process of sourcing multiple quote options for an SME client can barely seem worth it when the ROI is low.
- HIGH VOLUME PREMIUM REQUIREMENTS
Acquiring wordings from big insurers is hard without a high-volume commitment to premium or pre-existing relationship.
If any of these problems sound familiar, don’t worry. You’re not alone.
Efficiently sourcing cover for SMEs is a challenge that brokers across Australia struggle with. Often it comes down to balancing the profitability of SME clients against the risks in your book that are easier to place.
Ask yourself this, if you could remove just these three pain points, how much time would you gain to focus on the other parts of your business?
Would it be hours? Days?
BIZCOVER FOR BROKERS CAN HELP
Our platform was built on giving brokers like you a shortcut to serve your SME clients.
Cut down the time
Your time is precious which is why we’ve designed our platform to enable you to source multiple quotes and bind cover in minutes. We’ve eliminated the annoying exclusions and questions so you can skip the back and forth.
Binding policies through us gives you 20% commission on Management Liability products and 15% for all other product lines. Add on your broking fee and the speed of the platform and you’ve got a rewarding solution for covering the SME portion of your book.
Unlock access to established insurers
Leverage our existing relationships some of the most recognisable brands in underwriting and bind cover. Simply sign our wholesale agreement and we’ll back you for access to open market wordings.