We negotiate to get you the lowest annual premium
Insurance companies calculate annual premiums based on claim experience. But each insurer has a range of margins. It targets the upper end of that range if possible.
So two companies with the same insurer, group benefit plan and claim experience can pay different premiums. The difference can be as much as 20 percent.
How can this be? Simple. Most independent brokers don’t know the way insurance companies calculate prices. Others have an idea, but don’t do the work of analyzing their clients’ claims history and calculating the insurer’s cost.
So they go to the insurer each year and take the quoted price. Or maybe they plead for a break and get a small reduction that looks like success.
JP Bascom Insurance knows how to calculate insurer costs – and we do that analysis for each client before meeting with the insurer. We also know what each insurer considers its minimum margin on cost. So we ask for – and get – the lowest price for you.
Does that mean insurers hate us? No, they love us. Learn why >>
