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We are all guilty of it -- we work hard to find insurance prospects and make our client presentations, but then try to save time by short-cutting the submission process.
We are fortunate at Interstate to represent the best carriers in the trucking industry. Each have their own unique submission needs and methods of risk analysis and pricing. Our goal is the same as yours -- to find ways to write business. Many times however, we're left to work from Acord submissions, or from skeletal quote forms that do not have enough information to consider an account with all of our carriers, or to price with our most aggressive terms. The quality of our pricing is often directly proportional to the quality of the submission that we have to work from.
Our quote form for smaller accounts was tailor-designed to capture all of the information important to all of our carriers. It may be completed and transmitted directly from our website. While we continue to accept other quote forms and submission formats, many times we are simply quoting the best that we can from the information that we have to work from -- we're not able to consider with all of our carriers, or to apply the tools of the trade useful in obtaining our carrier's best pricing terms.
A tailor-designed submission, providing all of the information that a carrier has asked for, will improve pricing and response times -- and thus hit ratio - with any carrier. The most successful agents that we know have prospered because of the flow of information and the amount of time that they put into the submission process.
Our submission needs are relatively simple, and we are certain that you will see better response times and pricing terms if you follow them. They were designed to help each of us write more business! You can access our submission requirements directly from our website at the following link: Submission Requirements |