Drew Holley, Managing Partner of BIS Benefits, emphasizes the critical importance of employee benefits and health insurance in today's competitive business landscape, where retaining top talent is paramount. With a focus on serving clients with excellence, BIS Benefits has evolved into a one-stop shop for group health and business insurance since its inception in 1997. Drew shared how investing in growing and developing people and the organizational focus on mission, vision, and core values at BIS has allowed the firm to grow significantly. Drew shares insights on the growing need for businesses to review and adapt their insurance strategies, start the renewal process early, especially in a time of rising costs and changing market dynamics, and work with a trusted advisor. He highlights the significance of fostering strong relationships between business owners and their insurance advisors, ensuring proactive communication and support during critical moments. Listeners will gain valuable advice on navigating the complexities of employee benefits and the impact of proper coverage on workforce satisfaction and retention.

Takeaways:

• Understanding the true costs of health insurance is essential for business owners today.
• Drew explains that affordability of healthcare plans directly impacts employee satisfaction and retention.
• People are everything to a business and by far the most critical asset. One of the most important factors employers can easily overlook is the importance of employee benefits.
• The insurance industry is evolving, with technology playing a crucial role in operations.
• More private equity has entered the space than ever before on both the brokerage and client side.
• BIS Benefits focuses on building relationships and providing exceptional service to their clients.
• Becoming the trusted advisor transforming each organization's approach, design and implementation of healthcare is the vision of BIS
• BIS seeks to be a place where growth on the professional and personal level can take place and puts a significant emphasis on community, giving back, family, and more
• Hiring for values and personality fit is more important than industry experience in the insurance field.

Links referenced in this episode:

• bisbenefits.com

Companies mentioned in this episode:

• BIS Benefits
• State Farm
• Liberty Mutual
• Blue Cross
• Aetna
• United
• Travelers
• Hartford
• Innovative Outsourcing
• United Benefit Advisors