Meeting Liability Requirements By The July 1st Deadline
Built Insurance Brokerage, LLC is equipped with a young team of innovative professionals helping to make a change in the insurance industry from a consumer’s standpoint. At the same time, this experienced team of professionals works towards helping future independent brokers to establish a streamlined sales and servicing process to their daily routine. President, Blake Thompson, along with his team of niche industry specialists within commercial lines are making it possible for consumers to purchase insurance online in real time quoting and policy binding instantly.
Through very detailed data compilation and analytics, this is made possible to minimize underwriting altogether. This is done by using multiple rating guidelines that can be used as a statistically proven model for low loss-ratio. So far, we have found that this can only be done with small premium business accounts, not necessarily requiring specialized underwriting analysis. Through this, Built Insurance Brokerage, LLC has had the opportunity to run with their own program that they have compiled and presented to a well-known and unnamed program manager. The team has experienced 8 years in business, spending the majority of that time on contractors and even more specifically roofers in California. Built Insurance Brokerage, LLC is truly built from unique marketing in combination with a very personal touch that is still required in this industry even within that online process. This is why independent brokers have a clear standing opportunity to last while these juggernaut carriers attempt to do business directly with consumers without the personal touch.
Most recently, Blake has combined his previous experience as an owner of Residential Care Facilities for Elderly (RCFE) into helping create a program specifically designated to insure that same industry. There was a law that was recently passed, Legislation AB1523, which requires all RCFE Owners to purchase Liability Insurance by July 1st, 2015. There are almost 10,000 facilities just in California alone and 87% of them are uninsured, as seen in a study and article written by a local RCFE Reform (CAHR). This same reform conducted a study to determine the average cost in premiums for RCFE’s to comply with the law and determined that 6 bed board and care facilities will be paying an average additional expense of $3,500 per year, just to stay compliant. On the other hand, consumers can now feel confident placing their loved ones into a facility, knowing that they are now required to have this insurance in the event that negligence takes place that results in the harm of elderly residents. We spent 7 months creating the perfect solution with Lloyd’s of London, all online, called “InsuremyRCFE.com.” InsuremyRCFE provides care facilities with a premium available to them with maximized coverage for only $1,798.
InsuremyRCFE is California’s premier online insurance option dedicated to small business RCFE Facilities through Built Insurance Brokerage, LLC. With us, you can take advantage of easy and convenient liability insurance purchasing, while also enjoying the peace of mind of having industry-leading customer service. When you choose InsuremyRCFE, you do not have to deal with a call center, but rather, the luxury of working with one dedicated agent for the life of your policy. We offer expert advice about how to protect your business. We know what it means to be mindful of the budget while still meeting the insurance required to operate your facility.
Contact us today to meet insurance requirements before the July 1st deadline!