Friendly Conversation

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

Hausmann-Johnson Insurance

"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."

Image by Tyler Franta
Image by Sean Pollock

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.

  Reactive compliance  

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

Disorganized processes

Documented, repeatable processes

WHAT OTHER BROKERS ARE EXPERIENCING AS A PART OF THE CAP PROGRAM:

noun_people_2102213 (1).png

Reduced Agency Overhead

noun_Risk Mitigation_1958240.png

Reduced Risk of E&O Claims

noun_Contract signing_1461605.png

Acquisition of New BORs

noun_efficient_3734255.png

Improved AE/Producer Efficiency

noun_money lock_897710.png

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.

Business Meeting