If you are an insurance agent, you know that Loss Runs are an important (yet painful) step in obtaining commercial insurance quotes for customers and prospects. A report on the claims history of a policy is a big factor in the underwriting process as it can impact the rates. Therefore, if you are going to quote, you need to obtain loss runs to include in your submission for a quote to carriers. It is as common of a process in commercial insurance as X-rays are to a dental appointment. Thriving agencies that are getting consistently new leads and requests for quotes are burdened by this the most.
August 19, 2020