Why Do Insurers Prefer To Work With Certain Vendors?

6/9/2022 (Permalink)

Why Do Insurers Prefer Certain Vendors To Work With?

Insurance companies tend to rely on the same vendors to do restoration work. An insurance agent can connect with restoration professionals who are qualified, proven, trusted, and verified. Learn more about a few reasons why it is worthwhile for restoration franchises to comply with the 21 requirements of the National Account Participation Agreement.

Preferred Vendors are Proven and Trusted
One of the main reasons why insurers prefer certain vendors is that they get the job done right the first time, every time. Here are a few reasons insurance companies appreciate working with franchisees that meet the terms of the SERVPRO National Account Participation Agreement:

• High standards for restoration work
• Regular employee background checks
• Transparent pricing

An insurance agent can appreciate the high standards that a major restoration company maintains across franchise locations. Rather than relying on limited information and dubious guarantees from independent service providers, a national franchise can guarantee the highest level of service.

Vendor Program Participation Agreements

A restoration franchise must meet 21 requirements in order to participate in a national referral program and work on insurance claims. This voluntary compliance measure opens up a regional franchise to more clients and preferred vendor status.
Preferred Vendors Make Accurate Estimates

The main reason insurers prefer some vendors over others is that skilled restoration firms excel at the task. From making estimates that account for the full extent of damage to staying on schedule to limit temporary displacement or business disruption, insurance representatives and policyholders both stand to benefit from using a preferred restoration vendor.

Whether you are an insurance agent or restoration professional based in Folcroft, PA, it can be worthwhile to work with a franchise that is part of a national network. Insurers rely on preferred vendors to complete mitigation, cleanup, and restoration work on budget and on schedule.