You’ve heard the phrase, “The early bird gets the worm.” This applies to binders also. Typically, the first quote wins the business. While USLI offers three options for quoting, our data consistently shows that the channel with the quickest turnaround has the highest success ratio.
| Quote/Submission | Binder/Quote | |
| Phone | 84.7% | 36.5% |
| Web | 61.5% | 26.3% |
| 60.2% | 31% |
What’s more, there is another important element of efficiency when it comes to writing nonprofits. Calling in for a quote increases the quote-to-submission ratio by 24 points — why is that? Nonprofits may be hard to classify. Many insurance professionals do not specialize or regularly handle nonprofit business, so they may not know the right rating basis; this may increase the number of times you have to go back and forth with the prospect. Ultimately, any obstacle to receiving terms quickly reduces your chances of binding.
USLI offers phone quoting for all nonprofits that qualify for our products, which amounts to 500 classes of business. You might also be surprised to know that we can quote social service risks over the phone. Read more about our classes and social services below.
Emailed Submissions: Send to your underwriter or to [email protected], and our goal is to handle your submission within three hours.
Instant Phone Quote: Underwriters are available via our Instant Quote line to provide you with a quote over the phone. With minimal information, we can get you a quote within minutes.
Accessibility: An underwriter is available to discuss a quote or opportunity with you. If you have a question about a specific opportunity, our appetite, coverages, or if USLI will be a fit, our Instant Quote line can help or get you to a product specialist. We can help you handle your submissions quickly and efficiently.
Contact our Instant Quote Team at 888-SPD-USLI today!
