Contractors who maintain insurance bid specifications pay lower rates than everybody else. Here’s how you do it.
Most contractors don’t know how powerful it is to publish their own insurance bid specifications every year. When you can do this, you can interrogate the market at will, and save a lot of money. This applies to Liability, Auto, Property, and Workers Compensation Insurance.
1. Your bid specifications should provide everything broker needs to produce a quotation.
It takes time and effort to build a full set of specs, but well worth it. They are pivotal to driving down insurance costs. Once they are developed, updating them once a year is easy.
Contractors who maintain insurance bid specifications pay lower rates than everybody else. Here’s how you do it.
Most contractors don’t know how powerful it is to publish their own insurance bid specifications every year. When you can do this, you can interrogate the market at will, and save a lot of money. This applies to Liability, Auto, Property, and Workers Compensation Insurance.
1. Your bid specifications should provide everything broker needs to produce a quotation.
It takes time and effort to build a full set of specs, but well worth it. They are pivotal to driving down insurance costs. Once they are developed, updating them once a year is easy.