How to Find New Businesses That Need Insurance

Every business needs insurance before it takes its first customer, and a newly launched business needs it right now. General liability, commercial auto, workers cover. For an agent or broker, a business in its…

FisherLeads
FisherLeads Editorial··2 min read

Fresh-store intelligence team

Every business needs insurance before it takes its first customer, and a newly launched business needs it right now. General liability, commercial auto, workers cover. For an agent or broker, a business in its first week is close to a guaranteed need with no incumbent to displace. The only hard part has always been knowing the business exists.

Why newly launched businesses are ideal insurance prospects

An established business already has a policy and a renewal date, so the best you can do is wait a year and try to win the switch. A business that launched this week has no policy at all. The need is immediate and unavoidable, and you are the first agent to reach them rather than the tenth. That is a completely different sale.

Spotting the launch

The clearest public sign that a business has opened is its website going live. FisherLeads watches for newly launched business websites the day they appear and tags the trade and country. Trades with obvious insurance needs are the place to start.

The approach that works

A new owner knows they need insurance but has not gotten to it yet. Reach out with a simple offer to quote the coverage their trade requires, and make it fast. You are not convincing them of the need, you are removing a task from their list. That is an easy yes when it arrives at the right time.

Build a renewal book from launches

Every new business you insure at launch becomes a renewal next year. Reaching businesses the week they open is not just a source of new policies, it is how you compound a book of business over time. The earlier you get there, the longer the relationship.

Create a free FisherLeads account and find new businesses that need insurance the week they launch.

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FisherLeads
FisherLeads Editorial

FisherLeads is the platform for discovering newly launched ecommerce stores and businesses, tracking newly launched Shopify, WooCommerce and Wix businesses the day they go live.