How to Keep Your Book of Business from Shrinking in This Recession
As a broker, you face a tough challenge in this current economic climate. With the recession and rising insurance costs, it's becoming increasingly difficult to grow your book of business.
But if you're not growing, you're shrinking, a risk no one can afford to take.
The key to success is to keep your business from organically shrinking, and that's where minimum essential coverage (MEC) plans can come in.
If your clients lay off employees or have to downsize, the number of people paying premiums for insurance drops, and your commission goes with it. That's why it's so important to have options and answers for your clients.
MEC plans are the answer to many challenges brokers face today. MEC plans are easy to understand and offer robust acute services.
They're also focused on compliance and penalty avoidance, a crucial part of the conversations with your clients.
But we understand that if you're unfamiliar with MEC plans, it can be challenging to discuss them with your clients. That's why we're here to help!
The bottom line is that if you're not growing your book of business, you're at risk of shrinking. But with the right solutions and strategies, you can weather the storm and come out even stronger on the other side.
Let us help you explore the growth opportunities that MEC plans can offer and keep your business from shrinking in this recession.