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If you need extra help with running or growing your commercial insurance business, you might be thinking about hiring a new employee to handle everyday tasks. Here are three main reasons why you should consider outsourcing instead!
With outsourcing, you can save big. When you hire a new internal employee, you’ll spend money on recruiting and hiring, plus lose money and productivity during a training period. Since outsourced employees have specialized training and years of experience, they can jump right into handling tasks like underwriting and claims management. With virtual outsourced employees, you’ll also save on overhead costs, supply costs, and other employee-associated costs, such as Workers’ Compensation, salary, benefits, and administrative costs.
Outsourcing also saves time and energy. In your daily duties, you might frequently get bogged down with tedious tasks, like tracking down documents or processing Workers’ Compensation claims. Your outsourced team will take responsibilities like these off your hands and allow you to expend your valuable time and energy on other focuses, like expanding your business.
Finally, you’ll have the ability to decide when and how you outsource. Whether you need seasonal help or want someone to oversee all your back office work, outsourcing ensures you’ll also find the assistance and support you need.