Interesting situation: I got a quote with an MGA for hookah business....

Posted 2025-08-25

Interesting situation: I got a quote with an MGA for hookah business. It's unique because, it's like event company that goes to businesses(off site risk) so the quote is $$. I put together the finance agreement. I followed up and the client thought it was too pricey. There aren't many markets for this. I have a good relationship with uw so, she emails me Friday and tells me another uw at the Mga got the submission again. It's been almost 30 days. I ask her about premium and she said the other underwriter will have the same premium price.... I will follow up with client again. What would you say to the client to try to win the business?

Risk Types

hookah, general liability

Agent Replies (3)

Agent Reply

People have to feel like they've exhausted their options to get the best price. This happens to everyone & it doesn't always happen every year. The fact that the same MGA received a quote from another agent would have me reaching out to the insured to double down on my quote. It shows transparency, how the market works, and what the pricing expectation is for a certain business.

Agent Reply

The client isn't showing any loyalty. If they'll shop your quote they'll shop your renewal.

Agent Reply

See if he has a lawyer in the family. Ask. No, he doesn't? UT OH, they're expensive. Just be sure he has plenty of money to spend on defending himself in a law suit. The other side has lawyers on a contingency. We all know what kind of expenses they rack up.

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