As businesses strive to accomplish increased production with fewer resources, time management is critical. Some may view the use of iBIS as a time “expense.” We suggest it is a time “investment.” Additional effort spent up front saves that much and more over the short and long runs.
Advantages of using iBIS to submit new accounts include the following:
–Once an account is entered in iBIS, it’s easy to make changes–deductibles, building values, payrolls, additional locations, more credit, etc. The impact of those changes on your premium quote is immediately available.
–Your first-in rights are enhanced. When the proper Federal ID is entered and an “underwritten quote” is selected, other agents are blocked from quoting when they try to enter the same Federal ID.
–iBIS submissions receive priority attention compared to paper submissions.
–If you quote the account in iBIS in one year but don’t issue it, it’s easy to update that submission and quote it again the next year. Change the dates, revise exposures if necessary, and choose “underwritten quote” again. Once the entry is there, it is saved indefinitely unless you delete it.
–iBIS allows for easy attachment of documents–pictures, statements of value, loss runs, etc. Why send a separate email when you can quickly browse for your document, click a button, and send it with your submission?
–iBIS provides numerous printable documents including a proposal that can include your agency logo.
–iBIS includes links to many optional coverage forms so you can immediately determine what a form will provide for your client.
You can send a paper app and get a quote. Or, you can send an account through iBIS and get much, much more!
