650 Policies Cancelled First 2 Weeks in September!
And that’s just in the New England Area! I love my new job! The average premium on those policies stood at around $1000 per policy. Let’s see, crunch some numbers here and that’s a $650,000 loss in premium in 2 weeks! 1.3 million a month!
And these are just confirmed cancellations by former policyholders who contacted us directly.
The campaign is all word of mouth now. We get the same complaints over and over. Clueless middle management decides to disguise their layoffs as performance terminations. So former employees go out and spread the word that Liberty is not to be insured with. You end up with 1.3 Million a month being lost to premiums!
You have to be absolutely clueless to think you can layoff people under the guise of performance reviews and still make money.
You may have saved $80,000 per person you laid off per year but now your losing 1.3 Million per month! Put that in a powerpoint! And that’s only the numbers from the New England area. I would definitely lay off some of those middle managers who made those bold boasts to corporate that they could cut payroll. Absolutely brilliant decisions. Great job! Keep up the good work!