Obtaining Loss Runs is the first step to selling commercial accounts. Everyone is well aware of the challenges facing an insurance agent when a potential commercial client requests a quote. Finding the right market, negotiating the best possible premium with the underwriter, find outside financing and on top of all that, the quoting process can't even begin until the agent has obtained the insured's loss runs. Asking prospects to provide their Loss Runs is almost the same as sending them back to the incumbent agent and almost certainly losing them as clients. Yet the only way to obtain the Loss Runs is through the insured. The insured must request the Loss Runs personally and directly with the Carrier or the incumbent agent.
NowCerts.com is pleased to introduce the unique Loss Runs Request feature. This feature alone adds tremendous value to the
NowCerts Agency Management System. Here is a list of the benefits of using the Loss Runs tool.
- List of over 6,000 Carriers and MGAs with fax numbers, email addresses and mailing addresses to the Loss Runs department of each carrier.
- Ability for the agent to choose the Carrier then the Prospect, add the policy number and the date range. Then send an approval email to the prospect.
- The prospect opens the email with the attached Loss Runs Request letter. Finds a Send button within the body of the email. Clicks on the Send button and NowCerts.com immediately faxes or emails the Loss Runs Request to the Carrier's Loss Runs department.
You can see a video on how the Loss Runs Request feature works by clicking
Here.
