Can a PEO Make Your Insurance Business More Profitable?

Can a PEO Make Your Insurance Business More Profitable?

January 9, 2018 | By Tailored Solutions

If you’re like most insurance agents, making a profit and building your business is your top priority. Are you losing sleep at night because you’re worried about finding the time to get new clients, close more sales, and provide the best service to existing clients?

If so, you’re not alone. Finding new clients in an industry that’s highly competitive takes time and resources. So does servicing your existing client base. And there’s only so many hours in a day.

Make this year the year that you start offering PEOs as a solution to your commercial clients and you could rest a little easier.

How PEOs Can Help You Build Your Business

PEOs can be a perfect solution for many of your commercial clients. PEOs can help your clients solve some of their biggest business challenges and could even save them up to 40% on their workers’ comp premiums.

Not only does your client get incredible benefits that help them grow their own business, you get benefits that help you do the same.

Here’s what happens to your business when you start partnering your clients with a PEO through Tailored Solutions.

Get Help Finding the Right Solution

There are nearly 1,000 PEOs operating in the United States. So how do you find the right one for your client?

You don’t need to spend time picking the right PEO solution because we have a team of experts to do that task for you.

At Tailored Solutions, we are a fully licensed wholesaler and have relationships with dozens of the nation’s strongest and most flexible PEOs. When we help you place your client, we start by evaluating your client’s needs before we handpick the PEO that best matches their strengths, weaknesses, and business goals.

After your initial consultation with your client, just call Tailored Solutions. We’ll find the perfect solution for your client and you’ll save plenty of time.

Get Assistance Closing the Sale

Worried that you don’t know enough about a PEO to properly sell the product to your client? Don’t be.

You don’t have to be a PEO expert; you’ve got us on your side to help close the sale.

Once we’ve located a market that best fits your client needs, we provide you with a quote and one of our team members thoroughly reviews the cost structure, service model, and areas of savings so you understand the product and benefits for your client. Then, we assist you with your sales presentation.

Our team can set up a sales webinar while you’re on site with a client, helping to answer all of the client’s questions and set the right expectations for your client.

At Tailored Solutions, we make sure that you have everything you need to confidently close the sale with your clients.

Get a Strong Customer Support Team

How much more business could you get if you could hand over customer support tasks? Servicing an account is crucial to ensuring client satisfaction. But it can also take up valuable time that could be spent acquiring new leads and closing more sales.

When you partner your client with a PEO through Tailored Solutions, you don’t have to choose between finding a new client or servicing an existing one. We take the strain of servicing the account off your shoulders and free up more time for you to spend expanding your business.

Your client feels well taken care of, and you don’t have to worry about having enough time to address account issues in between sales calls.

What happens when you have a team to support you, from finding the right solution for your client to providing sales assistance and supporting the account?

You get more closed deals and more time to devote to growing your business.

And you also get competitive, ongoing commissions that don’t diminish over time.

PEOs Help Businesses Survive… and Thrive

PEOs are great for small businesses. And not just yours! A PEO partnership can bring tangible benefits for your commercial clients.

A Professional Employer Organization (PEO) provides comprehensive HR solutions for small- to midsize businesses, including pay-as-you-go workers comp, payroll management, benefits, safety training, and compliance.

Businesses that use Professional Employer Organizations:

  • are 50% less likely to fail
  • have 10% - 14% lower turnover rates
  • can lower workers’ comp premiums - in some cases up to 40%

PEOs can be a great solution for some of your client’s biggest workers’ comp concerns. And they typically cost the same as, or even less than, a stand-alone workers’ comp policy. Show your client the cost saving and benefits that you’ve brought to their business and you can bet that more referrals and policies will come your way.

Imagine helping your clients solve some of their biggest business challenges and helping them save money.

Picture how much more you could accomplish in your business if you had a team of professionals to help you pick the right product, close the sale, and service an account.

There’s no doubt about it. Insurance agents who use Tailored Solutions have a distinct edge over the competition and more opportunities to run a profitable, successful business.

Become a Producer.