Is your agency looking for a way to differentiate services or add value to existing clients’ accounts in order to keep your retention rates high? Agencies that offer certificate of insurance tracking solutions for their insureds are finding a unique way to differentiate through the service-oriented approach. As your agency is well aware, managing certificates of insurance and compliance with every third party relationship can be a major burden for your insureds—and a time consuming one. If not managed effectively, it exposes companies to a high amount of risk. You want your insureds to have all the help they can get, which is why an insurance software solution like myCOI can help you win new clients and keep your current clients happy.
Differentiate Your Agency
Your agency can differentiate itself by utilizing myCOI’s certificate of insurance tracking software called myCOI Central. The solution helps your agency create value for your insureds while also providing a revenue generating opportunity to your agency if you choose to offer the compliance review services. Through your partnership with myCOI, your agency can build even stronger relationships with insureds.
Determine if Certificate of Insurance Tracking is Important to Your Agency:
- Are you looking for a way to provide additional value to your insureds to set your agency apart from competition?
- Do you worry about retention and losing clients to a more enticing offering?
- Are your insureds having trouble understanding the language on the certificates and the endorsements they are receiving?
- Are your insureds working with small companies that put them at high risk for an uninsured claim?
- Have your insureds failed their audit or had a claim because of an underinsured vendor?
- Have you responded to an RFP that requests certificate tracking as a value add service?
- Are your insureds keeping up on COI renewals?
Did you mentally check any boxes above? If so, then perhaps it’s time to evaluate a partnership with a COI tracking solution. By utilizing myCOI Central, you can offer your insureds a solution that addresses these issues, mitigates their risk, and adds value to your agency’s offerings to differentiate from the competition.
If your clients are struggling to allocate the time and resources to mitigate their risk, as a myCOI partner, you can confidently provide them with a value-added solution that makes their job easier and helps you protect their business.
myCOI Central + Your Agency = Value For Insureds
myCOI Central is a cloud-based software solution used by insurance agencies that can help your agency provide a value add through certificate of insurance management and protect your insureds against underinsured claims, costly litigation and failed audits. The software is an easy-to-use solution developed and supported by a team of insurance professionals and is built on a foundation of insurance industry logic to automate the certificates of insurance communication process and ensure your insureds remain protected.
Either pay for myCOI Central and offer it to your clients as a free value add, choose to create revenue by reselling the software to your insureds or even provide your own compliance review services on top of the software. The choice is yours! Not sure where to start? myCOI’s team of experts can help you identify the right solution to ensure that your agency is has the best solution to help your agency grow by winning new accounts and increasing retention rates.