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Workers Comp & Medical Stop Loss (IBSP)®
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Workers Compensation Insurance and Medical Stop Loss
Workers Compensation Insurance and Medical Stop Loss are biggest issues on most employers agenda
today. The balance between cost and insurance coverages is not only a difficult decision,
but also puzzling to companies' decision makers. It seems that companies go through a number
of trial and error before they figure out what is best for them and their employees.
Also insurance companies sales force would love to have a chance to beat the competitions for our clients
business, but may not have such a chance.
In a nutshell, with use of technology and innovation, we have created our Insurance Bids Service
Provider (IBSP)®, which we call it the "Bidding Board" (BB). It is a web system that serves both small business and big commercial
clients. Our clients have the choice of selecting the coverage and the insurance company
based on the actual bids which the insurance companies have the chance to compete to win our clients insurance
business. Our IBSP enrolls and educates our clients and creates an insurance proposal for insurance companies
to bid on, where our clients' savings are substantial and the choice of insurance coverage is
actually the clients choice and not the brokers or insurances companies.
Part of our service is to educate our clients and get facts straight so their decisions are what is best for their employees, budget and future financial and insurance choices.
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IBSP and Facts
IBSP provides our clients with a Bidding Board (BB) similar to eBay where insurance companies
have a deadline to bids on our clients business.
Our IBSP web system is an intelligent system that helps our clients 24/7 with following simple steps:
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Enrollment and Education
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Interview
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Application
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Watch The Biddings
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Our IBSP web system does the footwork for our clients. It basically creates a customized account
on our system for each client. Our clients can access their customized account and upload, update
or edit their records. Our system educate our clients about facts, laws and our FAQ includes
helping tips and scenarios of possible issues with certain choices.
Clients fill out simple forms (names, address, age, type of business).
Once our system gets the clients information; it analyzes such data, corrects it and prepares a case.
Our system uses other services such ISO to gather more information about the clients.
Our system interviews the clients with simple questions based on our system finding from
other services. Additional products insurance specific forms are filled out by the clients.
Our system recommends a number of options for the clients to choose. It also contacts our clients
(via email) to correct and clarify any issues with clients data. It creates an insurance application
and submits it to insurance companies to bid on. The application is submitted electronically to
all the insurance companies and posted on our BB for clients
check the insurance companies bids. Our system will communicate any required documents or information
insurance companies may need. Once the deadline is reach our clients can select their choice of bids.
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