re: Professional/General Liability - Questions.....

quote:

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it astounds me that I can't have 2 brokers competing for my business

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as the next post says some carriers (Very very few) will give both brokers the same quote if both complete the full submission. But most of the time its one quote to a single agent for each carrier. If it was issued to agent A but you want it given to agent A, you need to tell the carrier via agent of record letter.

Insurance quotes are not a tangible product like a refrigerator or a car where you may not know what the seller is making off the sale and thus they compete and may undercut each other. The carrier is issuing a quote with rates vs exposure that equals a premium and the agent is paid a specific percentage. They also dont like having a second agent come in with different exposures and then they dont trust the risk (you) and dont issue a quote at all.

The reality is if your current guy has earned getting fired, fire them by BOR and move on. If they are coming to you every year and throughout the year talking about your program, do you want to market X line or negotiate with the current carrier, talking about exclusions and endorsements and if you call them with a question they can answer.... id have them come sit down and talk through it. Grass isnt always greener and there are many agents good at selling new business for themselves then the fumble for a few years screwing up your program till you fire them as well.