From an insurer’s perspective insurance industry encapsulates a variety of insurance schemes and policies, among which commercial insurance policies directly affect your commission payouts and have a diversified portfolio. Which is precisely why insurers who want to bag more profit would choose commercial insurance. But selling commercial insurance at this high tide of competition can be tricky. If you are an insurer scratching your head thinking about how to sell commercial insurance? this is the perfect guide to help you improve your insurance sales.

10 Proven Strategies to Sell Commercial Insurance 

With digital transformation the opportunity to trade commercial insurance is endless, even then agents are wondering how to sell commercial insurance without dipping their hand in the jar. Let’s list out the 10 proven strategies to sell commercial insurance:

1. The social media influence

As social media platforms like Facebook, Twitter, LinkedIn, and Instagram are people and interactions, which are the sole target of insurance companies, this is the ideal space to flex the highlights of your insurance service. 

How to sell commercial insurance on social media?

• Open a professional business account on each social media platform
• Regularly post content, it can be through the provoking reel, or information-rich write-up in Linkedln. Post educational content regarding  your insurance product to attract the desired audience
• Ensure to use associated hashtags for posts to get more reach
• Interact with your audience to build trust

2. Put out engaging content with content marketing

Even for the simplest dilemma, people surf the internet more often than we think. Uploading more content on your company website through articles and blogs to promote your insurance product can significantly improve your visibility among potential leads.

How to leverage content marketing?

• Post blogs to share more information about the insurance industry, including insurance policies, market updates, and tips that help customers choose the right policies.
• Provide free resources such that potential leads view your website as their go-to knowledge house for insurance
• Consistently sent emails about the new blog posts or articles published on your website

3. Building a user-friendly website (SEM)

To put out engaging content you need a user-friendly website, that is much easier to navigate. What paid advertisements used to be, websites are the brand image of the current digital era.

How do you sell commercial insurance through a successful website?

• Start with choosing an appropriate domain name that encapsulates your company’s view
• Seek professional help to design your website that should be easier to navigate and engage with interested clients by providing AI assistance.
• Ensure your website is mobile-friendly and quickly loads up

4. Leveraging SEO

When strategically deployed SEO and digital marketing can drive in more traffic eventually creating potential leads. 

How can SEO improve your sales?

• On-page SEO can be significantly useful for updating your age-old website and improving the aesthetic of the landing page.
• Using relevant keywords, optimized images, and good-quality backlinks in content can enhance the visibility of your website

5. Stay abreast of regulatory changes and compliance issues

The insurance industry is built around complex regulations and compliance requirements. It's hard enough for insurers to navigate the regulatory and compliance requirements so staying ahead of regulatory changes and updating your client about them is crucial.

• By understanding upcoming regulatory changes and compliance issues affecting the industry, insurers can update their clients with policies that comply with the latest regulations.
• Insurers can safeguard their reputation and avoid penalties for associating with non-compliance

6. Pay-per-click advertisements

Pay-per-click digital advertisement is where you can promote your ads on social media and will only have to pay when someone clicks the ad. They are highly beneficial to drive traffic and help to land interested clients.

• Keywords are the probable words or phrases that clients type in the search engines, choose the right keywords for your ads
• The ad should drive directly to your website or a landing page for every click, ensure your ad highlights your selling point and the landing page is designed to capture customer attention.

7. Networking 

Insurance is a people-driven industry, where building relationships and trust with the client is the way to climb the ladder of success. Offline and online networking and leveraging referrals can serve insurers greatly.

How to start networking and sell commercial insurance

• Try to attend any insurance-related or your specialization-related events, webinars or meet up and interact within the groups 
• When it comes to online networking join industry-related Facebook groups, create Twitter threads, and participate in live debates regarding your insurance specialization
• Value your networks even if they are not part of the institution they can refer you to your next client

8. Build your reputation

When you specialize in any particular insurance it shows more credibility around your profile, specialising can also help you build a reputation in other business groups and society as well.

• Building a good reputation helps you get more referrals as people are more likely to suggest an expert to their friends.
• Actively participate in industry-associated events and groups, and establish your niche, such that your name pops up first whenever they are associated with your specialization. 

9. Cator to the needs of business

As the insurance industry depends on various factors it is volatile to changes, when you are in the insurance business you need to evolve along with the risks and responsibilities of it and cater to the customer demands.

• Updating oneself with the market trends and leveraging them as a new opportunity to stay ahead in the insurance business.
• Make use of digital transformations to foresee natural disasters, and any economic downfall to plan ahead. Hence insurers can offer a timely response for the custom in need.

10. Highlight yourself from your competitors

The ever-evolving insurance landscape offers tight competition. Distinguishing your policies from your competitors is key here. Sell your insurance service as the better alternative.

How to sell commercial insurance even with better competitors?

• Money and time are of the essence here, so ensure you offer competitive prices with faster and better service.
• Highlight your unique selling point, like maybe giving incentives to customers who provide referrals, it can be something so simple yet would make customers valued.

Why Specialization Matters in Commercial Insurance Sales?

When it comes to things that are beyond our analyzing skills we always seek a specialist who is well known for their niche, a one-size-fits-all approach won't land you with enough clients to fill your client pipeline. 

Let’s analyze some of the benefits of having a niche in commercial insurance and how specializing can help you sell commercial insurance:

• Given how vast commercial insurance is specialization will help you focus on one niche making you the expert in that sector.
• For commercial insurance you will have to tailor your policies to fit your customer's needs, specializing in insurance enables you to easily come up with different risk-averse policies that suit your customer.
• Having a niche will help you build more credibility in the community as anyone seeking insurance coverage will opt for a specialist, this can drive in more leads.
• Specialization can also help you establish strong networks, by participating in niche-related associations and events, you can meet fellow specialists and get exposed to potential leads.
• Providing insurance service which is not part of your specialty and for your bad luck if it goes wrong, can tamper your reputation entirely. Thus specialising in insurance and only opting for clients who seek a particular niche can guarantee long-term success.

‍

How to choose your niche in commercial insurance sales

As we have established how important specialization is choosing the right and relevant niche is crucial. Every chaos is an opportunity to create a new niche or rehash your expertise on your current one. 

• Choose what interests you: identify where your skill and expertise can be more utilized, and understand the insurance niche that you are more passionate about.
• Invest more in research: As much as one can get genuinely passionate about one niche in the industry, one needs to research deeply into the market trends, customer demands, and challenges of the sector. Before crusading on a specialization, ensure that the niche can also bring you profit.
• Analyze the market demand: There are many kinds of insurance including property, liability, cyber, health insurance, and many more. Deploy necessary technologies to foresee market challenges and identify the niche with lesser competition as there will be more chances to lure interested leads.

How does Leadsend help to sell your commercial insurance?

Moving forward to sell commercial insurance leveraging technological advancements can be very beneficial. Leadsend with its AI-powered lead generation software and advanced analytical features can significantly improve your conversion rate. For agents thinking about how to trade commercial insurance, here are some Leadsend features to help you out:

• Automated and personalized emails for ideal customers to provide the information and guidance they seek at the right time
• You are provided with exclusive high-quality leads
• With seamless custom integration of CRM, Slack, OpenAI, and Zaiper, you can organize your leads and activities.
• Complete transparency and accessibility to the system such every live conversation is visible to you

In a nutshell, Leadsend caters to diverse insurance sectors connecting you with your ideal clients as quickly as possible with competitive pricing.

Conclusion

Improving the sales of commercial insurance can be challenging, digital marketing, social media, and a regularly maintained website with relevant content are ways to enhance your online networking. Attending industry-related events and seeking referrals are all strategies to market your insurance policies and services to a wider audience. Even with all the strategies you should have an insurance niche which is your specialization and people can regard you as an expert in it.

Incorporating technology can ease your difficulty most of the time, AI-powered lead-generating software Leadsend can help insurers seek their ideal clients by shaking hands with an advanced technological landscape.

‍