The most important information that can not only effect the price you pay for your insurance, but whether or not an insurance company will even consider writing your insurance, is the submission. The submission is your Business summary, applications, questions asked and answered about your Business, claims loss runs for the past 4 years including a premium/loss analysis by policy, large claim explanations and any other pertinent information deemed necessary by PRISM to give the insurance company reason to look favorably at your Business. This information is then assimilated and given to insurance agents/agencies attempting to service your business. Since PRISM has no direct nor indirect ties to any insurance agent/agencies, our practice is to let your current agent/agency choose the markets they represent first, but only those markets they have clout with due to sales revenue and relationships. We then go out and attempt to find other agents/agencies who either have insurance companies not being submitted to or have a specialty program for your type of business. All insurance companies are assigned to the agents/agencies so that no insurance company receives more than one submission. When insurance companies receive more than one submission, they tend to look at the submission unfavorably. Their reasoning is that you are “shopping around” and that price is all you care about. Also, most insurance agents/agencies appreciate having insurance companies assigned because many insurance companies will only accept the first submission. Too many submissions to an insurance company can muddy the waters and in many instances, the insurance company will decline any submission for your Business.

    The benefits of all agents/agencies having to go through PRISM for your submission are as follows:

    All information is gathered once by PRISM. Therefore, you will not have to meet with multiple agents/agencies and possibly give them dissimilar information over and over again.

    The submission is complete and thorough. It is rare for an insurance company to request more information. When they do need more information, you will only communicate with PRISM, thus limiting you having to give the information more than once.

    All agents/agencies are given the same submission. When they do their proposals, you will see a true “apples to apples” comparison instead of going through the frustration of figuring out which proposal is truly the best for your Business.

    Again, since we have no ties or obligations to anyone but you, your best interest is what we serve.

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