22 Feb Going Paperless, Financing
Going Paperless…it’s time!
We are excited to announce that 85% of our agencies have gone paperless! We had another agency ask to go paperless with us which is great! We thought this would be a great time to remind those who haven’t to think about going paperless with us. The picture above is just a sample of the number of boxes of paper we go through in our office per month.
Some people still prefer paper, but with the advances in technology, more and more people are moving away from it for the following reasons:
- Communication is MUCH faster and less expensive when we send you something electronically.We can upload a document and send it to you in seconds, v.s. waiting for us to print it, mail it, and then having you wait a few days to receive the information, where it then needs to be copied, scanned and imported into management system on the receiving end.
- Time Saver: Documentation and organization are reduced to a few moments rather than a 15-20 minute process.
- Easier file retention/access: You can file things quickly and access them faster in your office v.s. manually pulling documents.
- Environmental Friendliness:Seriously, this is a tremendous amount of paper. While we purchase recycled paper products, we are still contributing to the cutting down of trees. Plus, each ream of paper is wrapped in paper, which now also has to be recycled. The cardboard boxes the reams come in are also recycled, but that means they are taking up space in a landfill until the time when they can be packaged and put on a barge and shipped out of state to be recycled, using amounts of gasoline, paper, etc…it never ends!
If you aren’t paperless yet, please let us help! All we need is a single email address to send all docs, and it just takes moments to set-up. We are ready when you are!
Is financing a good option for your client?
At TIC, we have two excellent options for financing, and one of them can even finance audits and cannabis policies. While cash-in-hand is always great to have to pay for insurance policies, it’s not always a reality, especially when your client is just getting started in a new business or needs cash capital necessary for other business expenses. But there are other reasons to consider financing.
The primary benefit of premium financing is the ability to acquire needed insurance at a minimal current out-of-pocket cost. This may allow the policyholder to invest the money that would have been used to pay premiums in other investment opportunities that offer higher rates of return.
What’s the risk?
The most significant risk to taking on a premium finance loan is the interest rate and making the payments. In the event that the client is unable to pay the monthly payment after they send in the initial down payment, their insurance policy will cancel for failure to pay, which may make staying in business rather difficult.
How can we help?
If you have a client who needs to finance, simply ask your underwriter to send you the necessary forms to help get them started. There isn’t a penalty for paying it off early. Find out how we can assist today!
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Thank you for reading! We have a bonus link today for those who want to take part in the Fur Rendezvous happenings all over Anchorage. It starts off with the fireworks this weekend and with our freshly fallen snow, it’s a great time to Rondy!