WHY USE PRS?
It is very well known that most relationships
are usually put together in haste. The wholesaler takes over a
distressed situation in which service levels cannot easily be
agreed upon and identified. Consequently, very few meaningful
performance measures are ever defined. The result is a poorly
understood relationship driven by market cycles, in which both
parties blame each other for increasing levels of nonperformance.
The relationship often becomes a win/lose battle when the retailer
seeks to reduce the wholesaler's profits, and the wholesaler seeks
to maximize its profit structure in opposition to the client,
simply because they can place the deal.
A more desirable business model is one in which
the retailer looks at the wholesaler as a long-term asset that
is a source of ongoing value to the company - a strategic partner.
As an asset and an investment, time and resources are dedicated
to managing the relationship and maximizing its value.
Many strategic benefits will be realized from
- Minimize the risk of potential
Errors & Omissions lawsuits:
It is not enough to be vaguely familiar with such complex
products as professional and executive liability- no two policies
are exactly the same. Many retailers simply get quotes back
but what do you do when you meet the client?
Who will answer the attorney's questions? PRS will give you
all of the pre and post sales support necessary to close the
deal with comfort.
- Improve service
We organize and manage the entire process for your placement
of professional and executive liability, providing a higher
level of service. Our online quoting system will allow you to
get same day bindable quotes for Directors & Officers, Employment
Practices, Fiduciary Liability, Errors & Omissions and Crime
insurance for your privately held clients.
- Avoid sharing
your revenue with the competition:
PRS is 100% independently owned wholesale distribution. What
does that mean?
It means we work for you - the independent
Retail Agent and not against you; we have no conflict of interest.
When you do business with PRS, you are not supporting your competitors
and shooting your own business in the foot!
- Gain access
to "insider information":
We design and implement leading-edge sales tools to support
your business' growth plan. Since our brokers were underwriters,
we know what it takes to get the deal placed, ensuring that
everybody feels comfortable at the end of the day. Moreover,
our papers, reports and statistical tools are designed to create
or close the deal for you at the point of sale.
- Establish a
We are more than a market for professionals, we are a strategic
partner. Our experience with this complex line of business has
taught us to work side-by-side with our clients in secure and
confidential relationships. With PRS, you get the two-way communication
and commitment you expect along with the value-added benefits
of an association by a firm known for its expertise in professional
- Avoid the cost
of building, training, and maintaining a professional liability
Outsourcing to PRS gives you direct access to former underwriters
who are experienced brokers, highly skilled specialist, and
support staff with hands-on experience in professional liability.
- Focus on your
Producers can focus more time, energy, and resources on building
the core business as we assume full responsibility for managing
the day-to-day marketing responsibilities for professional liability.
- Maintain competitive
We enable general agents to focus on building a more competitive
business, and provide the supporting systems and services to
help you compete more effectively.
- Achieve revenue
Since professional liability will typically not be the largest
part of your book of business, producers can focus on increasing
overall sales and market share, expanding into new markets,
and enhancing customer service.
- Gain greater
Producers can focus on strategic issues and important agency
initiatives, creating more flexibility in the assignment and
allocation of resources to higher-volume core products such
as property, general liability and health.