Doctor Malpractice Reduction Program

Help Doctors Shop their Malpractice Insurance and
Earn Money Three Different Ways

            What is one of the biggest expenses of most medical practices?  Yep, their malpractice insurance.

            Let me give you some stats (which vary by county in each state) of the typical annual premiums paid for just one doctor to have standard 1 million/3 million coverage:

            If you could help a doctor reduce this cost do you think they’d have an interest?  Absolutely!

            Well…., we have a firm that is ready to help you do just that.  They are a P&C firm that does nothing but help doctors reduce their malpractice costs on a nationwide basis. 

            You should know that in many pockets of the country, the medical malpractice market is what we would call a soft market. That means that there are companies in these markets that are willing to be competitive and pick up business (vs. a hard market where the companies are not looking for new business).

            How do you make money?    

            Making Money #1

            Guess what the commission is on the average medical malpractice insurance policy? 

            8-10% of the premiums paid!

            That’s right.  If you have a 10-doctor OBGYN clinic as a client, the premium could be in excess of $1,000,000 and the insurance commission in total can be approximately $100,000.

            The firm I work with is willing to give licensed agents 20% of the commission paid for recruiting new clients. So in this example, a referring agent would be able to make $20,000 in first-year commissions. Not bad.  On renewals, the agent would typically make 15% of the commission paid.

            I would submit to you that many of you could build a nice book of renewal business if you went after this market.

            Making Money #2

            If you are able to save a doctor 10-20% of their premiums paid, you can counsel them on what to do with it.  For many doctors, it will make sense to position that money annually into Revolutionary Life where they can borrow from it tax free in retirement. If you are not using RL as your primary cash value life insurance policy for wealth building, you need to learn about it and why you should start using it.  Click here to learn more.

            Making Money #3

            Using malpractice insurance as a door opener is a terrific idea.  I personally don’t care how you get in to see a potential doctor client. Once in front of a doctor and once you can show your value on this topic, you will have their ear and then can start working with their personal finances as well as corporate issues such as their 401(k)/PSP or DB plan.

How do you get started?

            Click here to fill out a form to show your interest.  If I get enough interest from my “hot list,” I will then schedule a webinar the week after Thanksgiving.  If not, I’ll do a newsletter to my whole database which will generate enough interest for a webinar which would then be towards the end of the year.