Scott Simmonds, CPCU, ARM
“Fee-Only” Unbiased Insurance Consultant
I started my consulting practice with the idea that unbiased insurance advice and information is important to insurance buyers. I am someone you can call when you have insurance and risk management problems and questions – without the concern that I’m selling something. Think of me as the insurance expert who does not sell insurance.
I don’t ever sell insurance.
I don’t accept fees, commissions, or gifts from agents and insurers.
My advice is not tainted by the entanglements of bonuses or reward payments.
My insurance and risk management advice is unbiased.
My clients insist on my independent counsel. I regularly turn down offers of fee-sharing and commissions. When an insurance agent sends me a gift (which happens surprisingly often), I send it back. I don’t even let insurance agents buy me lunch. (I do drink their coffee when I visit their offices – it usually isn’t very good coffee though.)
In 2000, I decided that there was a need for an insurance expert who did not sell insurance. I left my job at a small insurance agency. I now have clients in forty-two states. I have been called the largest single insurance buyer in the country. I help my clients each year with buying insurance policies costing about $50,000,000 in premiums.
BS from Babson College in Wellesley, Massachusetts
Certified Insurance Counselor designation from the Society of CIC
Chartered Property and Casualty Underwriter designation
Associate in Risk Management designation
Certified Management Consultant designation
Society for Advancement of Consulting “board-approved” status
My writing and comments have appeared in the Wall Street Journal, Forbes, Fortune, Money, Inc. Magazine, Smart Money Magazine, the New York Times, Boston Globe, Investors Business Daily, Kiplinger’s, the Los Angeles Times, and countless trade publications.
I make my home in Maine. I’m a past president of the trade association, Maine Association Of Professional Consultants, and of the Biddeford/Saco Rotary Club.
To learn more, email me at Scott@ScottSimmonds.com.
Who I Help:
Banks and Credit Unions. That is the whole of my consulting practice. I do not do expert witness work, personal insurance consulting, claims services
My consulting practice is limited to financial institution insurance. If your bank has insurance concerns, I’m your guy. If you are not a financial institution, I will turn you down. Other consulting work is not my thing.
Unbiased Insurance Consulting For Financial Institutions – It’s what I love doing and where I provide great value.
What I Don’t Do:
I don’t sell insurance – Never, Ever, Ever!
I don’t consult on health, life insurance, or personal insurance. It is not my interest.
I don’t offer litigation services/expert witness/court testimony. The work does not interest me.
Someone once told me that the main thing is to keep the main thing the main thing. I do that.
19 Reasons To Hire A Bank Insurance Consultant
Your bank’s insurance premiums have gone up. An insurance consultant can help you find the right insurance at the best price.
You are not sure your bank has the right insurance coverage. As insurance specialists, bank insurance consultants know the right policy terms and conditions.
You are having trouble getting a claim paid. We have been there before! A bank insurance consultant can help your bank navigate the insurance claims process.
Your bank is expanding. Will your insurance meet your needs? Without the pull of commissions, you know an insurance consultant will move you to the right decisions.
You want to have other agents quote your insurance. An unbiased insurance advisor can help your bank sort out the issues and intricacies of the insurance quotes you receive.
You are considering adding a new coverage to your bank’s insurance program. Is your agent earning a commission or do you really need the insurance? A bank insurance consultant can help with the analysis and the decision.
Your insurance is due to renew and you don’t have time to deal with it. An insurance consultant can save you time and effort. You get right to the decision without blind alleys and false starts.
You get the feeling your current agent takes you for granted. An unbiased review from an insurance consultant assures you of the right insurance coverage.
Several agents are bugging you to let them quote your bank’s insurance. Bring in a bank insurance expert to sort through the process.
You’re starting a new business unit and need the right insurance. An insurance consultant can move you through the process quickly while making sure you are buying the right coverage.
You’re acquiring a bank. Is insurance a problem? Use the unbiased expertise of a bank insurance consultant.
You want to be sure your policy covers a claim you are concerned about. Let an expert review the policy.
You are selling your bank and want to be sure you are protected. An insurance consultant looks out for your interests.
You are doing business internationally. Will your coverage respond? The expertise of insurance consultants gets you the help you need.
You want an unbiased opinion regarding your current insurance plan. An agent’s commission and their relationship with certain insurance companies can limit your choices. An insurance consultant is unbiased.
You received bids from several agents. Which one is the best? With only your interest in mind, an insurance consultant can help you move in the right direction for you.
Your agent messed up. Now what do you do? An insurance consultant has the expertise and unbiased position to sort through the issues that need to be addressed.
Business is tough. You need to reduce your insurance costs. In most cases an insurance consultant’s services pay for themselves in premium savings, time, and effort. Also, can your bank afford an uncovered loss?
You are cutting your staff and need to outsource some functions. An insurance consultant can provide specific expertise to do exactly what you need done.
Copyright Scott Simmonds 2000-2024
Email: Scott@ScottSimmonds.com
