We have exciting news! We know how much you love MyWave Connect, and your clients love it too. It’s full of easy-to-use tools to meet all of your clients’ HR and compliance needs. Its 24/7, on-demand tools and resources make MyWave Connect the best client-broker communication product on the market.
So we decided to make it even better.
Stay on Top of Client Demands and Increase Your Revenue
Our updated MyWave Connect product is now fully customizable to each individual client, allowing you to offer some or all of the tools on a fee-for-service basis.
If you’ve been in the business for a while, you know that your clients expect more from you today than ever before. Whether you sell property and casualty or employee benefits, businesses want more value for their insurance dollars. You might be offering HR services to small business clients, providing compliance updates, helping your clients understand state laws that affect their businesses or any number of related services. You’ve got a lot more in your wheelhouse than you did 15 years ago.
All of these client services have the potential to increase brokers’ workload significantly. But the financial compensation from insurers just doesn’t match up. Benefits brokers have experienced a downward shift in commissions over the past few years. We know that some of our partners in certain states have felt the pain worse than others. But the trend is clear: most brokers are seeing less money from insurers.
You need another revenue stream. No broker can provide extensive, value-added services for less pay and still operate a successful agency. This is why Zywave recommends using products like MyWave Connect to sell automated, easy-to-use tools on a fee-for-service basis.
How MyWave Connect Improves Your Clients’ Experience and Demonstrates Your Value
Both the benefits and P&C versions of MyWave Connect provide quality services to your clients. What’s more, they are both completely customizable and branded back to your agency. With zero effort on your part, you can provide a wide range of value-added services and improve your client relationships.
Your employee benefits clients can:
- Generate forms for ACA reporting and submit them to the IRS.
- Create their own, customized ACA compliance calendar with monthly reminders to keep them in check.
- Compare various state laws that might affect their businesses.
- Compare salary benchmarking data to see how their businesses measure up to the competition.
- Access sample job descriptions.
- Build total compensation statements to showcase all the value they are providing to employees.
Your P&C clients can:
- Compare state labor laws to ensure compliance across all of their locations.
- Track workers’ compensation incidents and generate OSHA-required forms and reports.
- Compare salary benchmarking data to see how their businesses measure up to the competition.
- Access sample job descriptions.
- Build total compensation statements to showcase all the value they are providing to employees.
Value-added Services Boost Your Revenue
So how does all this affect your bottom line? Because MyWave Connect is fully customizable, your clients can pick and choose which tools they want to use, and you can sell them on a fee-for-service basis.
For example, you may have a P&C client who is drowning in OSHA reports. He needs help completing all of his required forms and reports, but he can’t afford to hire a full-time staffer to do the work for him. Sell him the OSHA log tool in MyWave Connect. You can quote him a price to use just that one tool. Or, if he also has multi-state locations, needs salary benchmarking data or another tool available through MyWave Connect, you can offer him a package deal.
The possibilities are endless!
Call Zywave for a demonstration today!
Are you ready to provide stellar value to your clients and boost your revenue with fee-for-service offerings? Give us a call and we’ll show you exactly how MyWave Connect can work for your agency.
