No doubt that the recent Supreme Court decision on the controversial health care reform is sparking a lot of buzz within the insurance community. A particular topic of heated debate is how it now mandates businesses to provide insurance for all it’s employees. This quote from CNNMoney adds a few more details:
“The ruling also means that companies with 50 or more full-time employees must start providing health insurance for all workers by 2014 or face stiff penalties.”
At first glance, it would at least give you a more detailed picture of what kind of businesses to target if you’re a company that provides B2B insurance. In other words, this could mean an easier time generating B2B leads. Be careful though, not all businesses are thrilled with these recent turn of events.
Regardless, they have to comply. The problem with that sort of attitude is that it could lead to careless decision making. You see, whether it’s an entire business organization or just an individual, rushing somebody never ends well. Once you have the government itself doing that rushing, it can only get worse.
Forcing companies to start sifting through providers might only mean that they’ll just pick the first one they see and be done with it. They won’t try and learn all the details (which is a seriously dangerous thing to do, given the complexity of insurance).
No matter what, it is critical to let your prospect companies know what it is that they’ll be spending their money on. You never know if some of the details might or might not be within the best interests in their business. Before you object, that’s better than having them sign a deal with you only to have the complaints coming in because they didn’t know whether you could cover this or that.
Business leads aren’t just about giving you information about a prospect and what it can tell you to help you get your sale. It’s about sharing information with the prospect as well. That includes information about how your business works, what kind of insurance you provide, what your coverage is, your conditions etc, etc.
Furthermore, maybe the reason why these businesses aren’t so eager to meet with you is because you’re not being accommodating enough. Maybe there are things that you can do to help better your control over the information you provide without necessarily overwhelming your prospect. Simply put, don’t opt for the easy way out. You’ll be no different from the companies who don’t learn well enough about their insurance providers because they just didn’t want the government breathing down on their necks.
To summarize, you shouldn’t always count on government mandates to get prospects moving in your direction. It might do more harm than good. For all you know, it might even direct them to your competitors first before you! Again, it leads to reckless decision making and a short-sighted ‘let’s get this over with’ attitude. It’s bad enough that these people are being forced so you should be as accommodating and not look like you’re just jumping at these ‘opportunities’ pointed your way courtesy of the federal government.
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