blip’s pricing strategy promises a best price match guarantee and annual profit-share model, and the company aims to return as much as 10% of the total policy premium to members if the claims and expenses are lower than the overall premium collected.
blip will also match any lower prices for small business owners offered by competitors. The company’s model differentiates itself from traditional price comparison websites by engaging directly with customers.
This approach cuts out middlemen, who increase prices. By eliminating these intermediaries, blip can offer small businesses more affordable solutions. The company’s philosophy is summed up by its triple-lock guarantee: compare, match and profit-share.
Gary Ross, CEO, highlighted the advantages of blip’s model: “By cutting out the middlemen we avoid passing on administration fees to our customers and instead offer prices that are, on average, up to a third cheaper than those found on Go Compare, Simply Business and other price comparison websites. This direct-to-customer model ensures that blip consistently offers the most competitive rates in the market.”
In addition to offering competitive pricing, blip also provides access to an online community which allows customers to focus on their business needs without adding unnecessary insurance complexities.
Ross stated further on blip’s ethos, stating: “At blip, we know the most important thing for small business owners when it comes to their insurance is price. We have streamlined our platform to remove unnecessary and costly stages of the insurance value chain, allowing us to offer the most competitive price on the market. We’re on average up to a third cheaper than the best price out there and on the rare occasion we’re not, we’ll match that price!”
Source: Fintech Finance
