What can you do for my business as an insurance consultant?


Why do I need a consultant, I have an agent?


Certain insurance related services we perform can be and are done by some conscientious agents.


Some tasks we tackle are usually above and beyond the scope of what a commissioned agent can afford to take the time to do.


Moreover, certain bidding type issues, such as objectively weighing proposals between competing agents, are impossible for a commissioned agent to perform objectively.You can probably easily figure out why.


While this website is not designed to answer specific questions like the ones that follow, you can probably discern from the specific question as to you what the answer should be. Please see the following specific questions, and if you would like to know more, please contact us. There is no obligation (and you will receive no high pressure) to buy our fee based service just because you call us.



Questions You Should Ask Yourself When Bidding Your Insurance:


When I bid my insurance, am I comfortable about when to start, and what agents to select?


When I give out the info package, why do I usually get a number of additional questions from some agents but not from others?


Do I really know what coverage options I should ask for?


How do I get all the info from every agent with adequate lead time to make my decision (and not feel so pressured by the expiration date!)?


Is there a way to avoid having to sit down with each agent and listen to his proposal (some are out in left field and I can tell in a minute if I sneak a peak at the back page)?


How do I keep from being called numerous times by most agent to ask me how they look, etc, and trying to close before I’m ready?


If I usually go with the low bidder, is this usually the right decision?


If I bid it every year, why does it seem that some of the more experienced agents may not show up again, or it may be many years before they do?


Or, if I don’t bid it annually, how do I make sure I get a fair deal, and how do I avoid any unpleasant surprises in the last hour!?




My agent’s correspondence often says I should ‘read my policies carefully’. I’m not really good at (and hate) reading this stuff.Is there a way to make sure my coverages have been thoroughly checked to insure that all is exactly what the proposal said it should be?What obligation does my agent have here?


What if the carrier has inserted something strange that the proposal didn’t even address?How can I tell what wording is important, as one place seems to give coverage and another place takes it away?




How often should my insurance be reviewed and how detailed should a good review be?


What responsibility does my agent have to tell me what coverages are available?


If he never mentions an exposure/coverage, and I have a loss, will I likely be able to make him pay for it?


Since he usually makes a commission of the premium, what incentive does he have to tell me when he thinks I’m over insured?



Since the experience mod has a large bearing on my premium, how do I know it has been figured correctly (my agent says the NCCI and the carrier are responsible)?


What can I do to manage my claims better to keep the experience mod down?


Are my classifications correct to what my employees are actually doing?



I sign many contracts and don’t always take the time to carefully check what I have signed.What if I have assumed liability not covered by my insurance (Contractors should be especially aware here, as there is a tremendous amount of liability ‘passing the buck’ in your industry!)?



Work is done on an hourly or flat fee basis. To avoid surprises, flat fees quoted prior to starting work are recommended. Due to risk management issues, no insurance bid work is done based on a contingency (contingency is defined as a fee based on a percentage or fraction of premium savings). Present fees average in the low $100’s/hr for technical work and less than ½ that for certain clerical tasks and travel time.Expert Witness work will usually be at a higher rate. See Cases for actual fees including additional relevant info.