MMA Blog

Why "Speed Dating" Business Insurance Brokers is a Bad Idea

You Don't Need Multiple Brokers: You Need the Best Broker

 

Myth: When you're looking for that perfect broker, you should "speed date" any and all available suitors.

Truth: You should be careful about making sure you're getting the right business from your insurance broker and agency.

 

When it comes to finding the right insurance for your business needs, it all boils down to who you can trust to have your best interests at heart.

"There's a perception from a consumer's eye — that if they go out and talk to many brokers and ask them to each represent them that it's going to drive the pricing down," says Ryan Bramlette, Managing Director, Commercial Sales at MMA.

While multiple brokers can bid for your service, the important thing comes in addition to good prices on insurance rates — it's about that personal connection.

Ryan Bramlette, Managing Director

"We can have that conversation with a seasoned client," notes Bramlette. "Let's say they want to make sure they've got the best deal, the best coverage for their business. We're already familiar with not only their safety culture, their acquisition philosophy, their risk level, etc. But also when we go out on the marketplace and we talk to carriers like AIG, Travelers, or Liberty, we can represent that client the best, and identify trends that will benefit them. When we actually send in an application to the insurer, we're already in the best position to help that client long term, not just with short returns."

For new clients, MMA takes a similar approach — getting to know all about their short- and long-term goals, their strategies, and how we can help.

"Through a series of conversations, we'll talk hazard risk, strategic risk, and business risk," says Bramlette. "We can talk about what we've learned by the end of it and what we can do about it."

The MMA difference is the depth to which we can handle any of your business' needs:

  • Do you need traditional insurance?
  • Would a captive or self-funded plan work better?
  • Could an outsourced resource or in-house serve you best?

"The difference is the majority of firms are only going to talk about their hazard risk coverage, and they're only bringing in traditional insurance as a solution," he says. "We bring in tools to help with employee attraction, compliance, mergers and acquisition, and so much more from the outside, to make a much stronger impact to the business' bottom line than just a simple price reduction."

"Truly you should choose your broker yourself, based on that relationship you want to have," he says. "Don't let the carrier decide who your broker is."

Get a quote

Keep Up To Date

Subscribe to our blog for all the latest news, updates, and events from MMA and our partners

Subscribe

Tell us what you need. We’ll take it from there.

Get a Quote


    YesNo











        First, tell us about you:






        EmailPhone


        Next, tell us about your business:





        Now tell us about the coverage or coverages you need:


        Commercial InsuranceEmployee BenefitsHealth InsuranceSuretyOther



        NOTE: Before becoming effective, all changes, bind orders, or claim notifications must be confirmed by a MMA Insurance representative advising that your request has been processed.

        You are ready to submit the form:

          First, tell us about you:






          EmailPhone





          Next, tell us about the coverage or coverages you need:


          AutoHomeIndividual HealthUmbrellaRecreationalWatercraftRenter’s InsuranceLife InsuranceWedding Insurance



          NOTE: Before becoming effective, all changes, bind orders, or claim notifications must be confirmed by a MMA Insurance representative advising that your request has been processed.

          Now you are ready to submit the form:

            First, tell us about you:






            EmailPhone





            Next, tell us about the coverage or coverages you need:


            AutoHomeIndividual HealthUmbrellaRecreationalWatercraftRenter’s InsuranceLife InsuranceWedding Insurance



            NOTE: Before becoming effective, all changes, bind orders, or claim notifications must be confirmed by a MMA Insurance representative advising that your request has been processed.

            Now you are ready to submit the form:

              First, tell us about you:






              EmailPhone


              Next, tell us about your business:





              Now tell us about the coverage or coverages you need:


              Commercial InsuranceEmployee BenefitsHealth InsuranceSuretyOther



              NOTE: Before becoming effective, all changes, bind orders, or claim notifications must be confirmed by a MMA Insurance representative advising that your request has been processed.

              You are ready to submit the form:

                First, tell us about you:






                EmailPhone






                Next, tell us about the coverage or coverages you need:


                AutoHomeIndividual HealthUmbrellaRecreationalWatercraftRenter’s InsuranceLife InsuranceWedding Insurance


                Commercial InsuranceEmployee BenefitsEmployee Health InsuranceSurety



                NOTE: Before becoming effective, all changes, bind orders, or claim notifications must be confirmed by a MMA Insurance representative advising that your request has been processed.

                Now you are ready to submit the form:




                    First, tell us about you:






                    EmailPhone





                    Step 1 of 2Next

                    Next, tell us about the coverage or coverages you need:


                    AutoHomeIndividual HealthUmbrellaRecreational

                     

                    WatercraftRenter’s InsuranceLife InsuranceWedding Insurance



                    NOTE: Before becoming effective, all changes, bind orders, or claim notifications must be confirmed by a MMA Insurance representative advising that your request has been processed.

                    Now you are ready to submit the form:

                      First, tell us about you:






                      EmailPhone


                      Step 1 of 3Next

                      Next, tell us about your business:





                      Step 2 of 3Next

                      Now tell us about the coverage or coverages you need:


                      Commercial InsuranceEmployee BenefitsHealth InsuranceSuretyOther



                      NOTE: Before becoming effective, all changes, bind orders, or claim notifications must be confirmed by a MMA Insurance representative advising that your request has been processed.

                      You are ready to submit the form:

                        First, tell us about you:






                        EmailPhone





                        Step 1 of 2Next



                        NOTE: Before becoming effective, all changes, bind orders, or claim notifications must be confirmed by a MMA Insurance representative advising that your request has been processed.

                        Now you are ready to submit the form:

                          Review Form

                            First, tell us about you:






                            EmailPhone







                            NOTE: Before becoming effective, all changes, bind orders, or claim notifications must be confirmed by a MMA Insurance representative advising that your request has been processed.

                            Now you are ready to submit the form:

                              First, tell us about you:






                              EmailPhone





                              Next, tell us about your claim:






                              NOTE: Before becoming effective, all changes, bind orders, or claim notifications must be confirmed by a MMA Insurance representative advising that your request has been processed.

                              Now you are ready to submit the form:

                                First, tell us about you and your business:







                                EmailPhone


                                Next, tell us about the surety bond you need:







                                NOTE: Before becoming effective, all changes, bind orders, or claim notifications must be confirmed by a MMA Insurance representative advising that your request has been processed.

                                Now you are ready to submit the form:

                                  First, tell us about you:






                                  EmailPhone


                                  Next, tell us about your business:





                                  Now tell us about the coverage or coverages you need:


                                  Commercial InsuranceEmployee BenefitsHealth InsuranceSuretyOther



                                  NOTE: Before becoming effective, all changes, bind orders, or claim notifications must be confirmed by a MMA Insurance representative advising that your request has been processed.

                                  You are ready to submit the form:

                                    First, tell us about you:






                                    EmailPhone





                                    Next, tell us about the coverage or coverages you need:


                                    AutoHomeIndividual HealthUmbrellaRecreationalWatercraftRenter’s InsuranceLife InsuranceWedding Insurance



                                    NOTE: Before becoming effective, all changes, bind orders, or claim notifications must be confirmed by a MMA Insurance representative advising that your request has been processed.

                                    Now you are ready to submit the form:

                                      First, tell us about you:






                                      EmailPhone






                                      Do you have insurance with us already?



                                      Tell us what you need:




                                      NOTE: Before becoming effective, all changes, bind orders, or claim notifications must be confirmed by a MMA Insurance representative advising that your request has been processed.

                                      Now you are ready to submit the form:

                                      cross linkedin facebook pinterest youtube rss twitter instagram facebook-blank rss-blank linkedin-blank pinterest youtube twitter instagram