Trust Account Service Benefits

New Business Model

Outsourcing of the trust account management is conducive of considerable operating cost reduction and unlimited business growth potential.

Workload Reduction

(Estimated for an average commercial insurance agency)

v  CSRs                                   … 20% to 30%                       

v  Bookkeepers                        … 70% or more          

v  Producers and Managers      … 5%-15%

Workload Reduction allows an agency to either:

v  Reduce payroll expenses, or

v  Grow the agency business up to 25% with no additional payroll

Other Financial Opportunities

v  Elimination of bad debts         … 100% eliminated

v  Additional interest earnings    … up to 100% more interest earnings                           

Other Benefits

ü  Better cash flow

ü  Reduction of working capital requirements

ü  Improved customer service

ü  Higher client retention ratio

ü  Better agency-carrier business relationship

ü  Reduced E&O risk exposure

ü  Fiduciary compliance