In short, yes, you do need to be appointed to sell cyber insurance (we’ll explain why in the next paragraph)... And there are usually a few hoops you usually have to jump through before you can hit the ground running if you do choose the traditional appointment route.
Here are just a couple:
- The big players that we all know usually will not take the time to go through the appointment process with you unless you're doing ‘Wall Street Journal’ levels of annual premium. This makes it hard to get appointments with some of the best markets. And even if you do, you’re going to get lower commissions than you’re probably expecting.
- Let’s say you do have a handful of appointments, what happens then? Now every time you want to quote your best customers, you have to file 2, 3, or even 4 sets of applications only to wait, in some cases, more than 24 hours to get a quote back! Some markets will quote you in minutes, but what good is that when you’re waiting 24 hours for the comparison quotes to come back?
But, there is a better way… Try Telivy! Leveraging our over 30 years of combined experience in the industry, we have created a brand new method for insurance agency owners to sell cyber insurance that fast-tracks the cumbersome appointment process and gives you access to multiple markets in one shot. We also have streamlined the entire process of electronically quoting and binding a policy, all while still paying you some of the highest commissions in the industry. Your customers will be protected in minutes, while you barely lift a finger.
How it works is:
- We already have relationships with the top tier carriers in the industry (we are rapidly adding more)
- Using the latest in process automation and machine learning, we have created a web based platform that is user friendly for your customers to use on their own. It is simple enough for a 3rd grader to use
- When you sign up with us, you gain access to all our carriers and can use our platform to run quotes and bind policies.
- When a policy binds, we pay your commission directly to you.
Let us show you how you can be selling cyber insurance by tomorrow. Sign up for a demo below.