Positioning yourself as a trusted contractor in the insurance sector offers significant advantages in building long-term relationships with clients. Insurance work can provide a steady stream of projects with some of Australia’s leading organisations in areas such as domestic building repairs. The competitive nature of this space means that developing a trusting relationship with insurance clients often requires a strong market presence and competitive edge.
Becoming a prequalified contractor for insurance companies, particularly those overseeing work in high-risk work environments, requires businesses to demonstrate their capability, preparedness and compliance. These elements are critical in gaining the trust and confidence of insurance companies, who want to work with contractors that can efficiently and effectively undertake rebuild, restoration and repair works.
Why partner with an insurance company?
Insurance companies rely heavily on a contracted workforce to work resolve customer claims in a timely manner.
Working with insurance companies offers:
- Continuous, stable work that is not reliant on projects
- Opportunities to work with other companies in the insurer’s network
- Avenues for growth in a competitive market
Beyond showcasing your capabilities and the overall quality of your services, it is becoming more important that contractors can demonstrate their compliance against laws and regulations, including workplace health and safety regulations and labour hire laws. Compliance is a crucial factor for insurance companies when selecting contractors, as when compliance activities are effective, they are important elements in minimising liability that may result from work activities and incidents on site.
Leveraging Cm3 compliance as a competitive advantage
Working largely on time sensitive projects, clients in the insurance industry need a streamlined process for the search, selection, and prequalification of contractors. Cm3’s contractor network, the Cm3 Marketplace, supports businesses across the insurance sector with tools for quickly finding contractors whose business capabilities and compliance credentials (e.g. licences) are appropriate for the remedial work required involved in the insurance claim.
Joining the Cm3 network as a contractor allows you to:
- Meet the compliance requirements of some of Australia’s leading insurance companies
- Increase your exposure to the 150+ clients on the Cm3 ecosystem
- Exclusively connect & engage with insurance companies on Cm3 for work
- Strengthen your own systems and processes to improve workplace safety
Once connected to the insurance client on Cm3, contractors can easily maintain their compliance status, ready to be engaged without delay. This provides significant time savings for the insurance company and increases the likelihood of repeat work for the contractor.
Sustaining long-term relationships with insurance companies involves a blend of the right qualifications, superior service delivery, a strong reputation, and a commitment to compliance. By following these principals and demonstrating your commitment to workplace safety, you can secure a steady flow of projects and build enduring relationships with insurance providers.
Speak to a Cm3 Solutions Expert to learn more.