COMPLIANCE ADVISORY PROGRAM (CAP)
Compliance is a key part of the ongoing operations of a successful benefits agency. It’s also one of the most difficult and expensive domains to hire for.
If you’re a growing firm who is entertaining options, you're in the right place. Our Compliance Advisory Program can help reduce your agency overhead, retain your key accounts, and reduce your risk of E&O claims, all for a fraction of the cost of a full-time compliance hire.
Mike Johnson | VP of Employee Benefits
"BCS has delivered big time. The CAP program has given our team so much confidence with compliance, and I can't even begin to explain the business impacts. They're fantastic in front of our groups - it's not uncommon to hear 'They're rockstars!' or 'They make things so easy to understand!' from key clients."
THE MOST COMMON COMPLIANCE PROBLEMS
CAP is designed to address the issues we repeatedly hear from agencies like yours.
Don’t have deep internal compliance expertise
Self-service tools don’t address complex situations well
Having trouble keeping up with new regulations
Afraid our clients or prospects will see us as “novice” or “unfit” due to our lack of knowledge
Our onboarding process isn’t optimized for compliance
We don’t have a good resource for document (policy, carrier contact, etc.) review
Clients don’t follow through implementing what we tell them
CURRENT STATE VS FUTURE STATE
What working with BCS does for your business.
Proactive compliance strategy
Wasting time of producers & staff trying to address complex compliance issues
Delegation of compliance tasks instead of producers or account managers
Key accounts at risk of leaving
Competitors unable to find compliance gaps in your key groups
We don't know what we don't know
Compliance Confidence = improved overall business performance
Documented, repeatable processes
WHAT OTHER BROKERS ARE EXPERIENCING AS A PART OF THE CAP PROGRAM:
Reduced Agency Overhead
Reduced Risk of E&O Claims
Acquisition of New BORs
Improved AE/Producer Efficiency
Retention of Key Accounts
Want to learn more?
If your staffing strategy needs the flexibility, or you need more consistent support, using our Compliance Advisory Program can provide you the right solution for your needs.
Contact us today for a no-cost, no-pressure discussion on your situation.