Price vs. Value in the Insurance Industry
The insurance industry is getting more sophisticated. There is no room for inefficiency and carriers are using technology to minimize pricing. The industry is getting more commoditized and cost-conscious leaving carriers to find unique ways to add value as a supplement to the cutting prices. Insurance carriers are working on faster response times, prompt service, and broader coverage as value additions, but they are in a quandary as a result. To understand Pearson Wallace’s unique ability to solve some of these issues, we must know how insurance carriers sell their policies:
Directly through their website (+Insurance Agent)
This route results in limited customization, limited understanding, limited transparency, limited coverage, limited price ranges, and limited requirement analysis.
Licensed Insurance Agents
Local insurance agents are licensed to a particular carrier and while they may be able to help you out, they do not have a vested interest in your long-term protection or success. Even more importantly, they are limited to the policies offered by the one carrier that they are licensed with. What this often means is that coverage is limited. More coverage means higher premiums, and lower premiums means lower coverage. There is no shopping for better rates and better coverage because of limited access to policies.
Pearson Wallace offers value to customers in several unique ways:
We use our vast network of competing carriers to find you policies that best suit your coverage needs.
We create long-lasting relationships with our clients and know our business owners on a personal level. Your success means our success.
Pearson Wallace has the ability to analyse risk for your business through in-depth analyses. We take the time to go through the nitty-gritty details of your organizational needs so that we can offer real customization.
We guarantee a familiar voice on the phone to guide you through any challenges that your business may encounter.
We offer full transparency and ensure that you are made aware of every decision we make and have control in the risk management of your business. If you are too busy and would rather let Pearson Wallace take care of your coverage troubles, we offer a turnkey approach where you just need to sit back and watch us take care of your best interests.
Get a customized insurance quote from a Pearson Wallace insurance specialist now.