Commercial Insurance Quotes Explained: Why More Brokers Cost You More

#CommercialInsuranceQuotes #BusinessInsuranceQuotes #InsuranceBroker
Getting more commercial insurance quotes from more brokers rarely gets you a better deal. Most independent brokers go to the same insurance companies, the insurer usually declines the second submission, and the quotes that come back are never apples to apples. Gordon Coyle explains why one broker who knows your industry beats a stack of quotes.

If you're comparing business insurance quotes at renewal, this video covers how the commercial insurance marketplace really works, why using multiple insurance brokers creates confusion instead of competition, and how to compare quotes fairly using one benchmark of limits, deductibles and endorsements. You'll also hear about an investment advisory firm whose E&O quote came in 40% cheaper because it excluded the work advisors actually do.

Don't find your coverage gap from a claims adjuster.

⏱️ Timestamps
0:00 The owner who planned to call 8 brokers
0:45 Who I am
1:05 Why broker expertise beats quote volume
1:50 How the commercial insurance marketplace works
2:40 Why quotes are never apples to apples
3:15 The E&O quote that was 40% cheaper
4:05 The hidden cost of the wrong program
4:50 What to do with a stack of quotes

About Gordon: Gordon Coyle is the founder of The Coyle Group, a commercial insurance brokerage based in the New York metropolitan area. For over 40 years, he has worked with seven, eight, and nine-figure business owners across the country, building insurance programs that cover their real exposures.

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