RENEWAL ASSISTANCE & RFP'S

We can provide assistance with the renewal process to ensure you are getting the best deal possible. We can spearhead and coordinate the renewal process by:

Working with your internal team to properly and accurately update your exposures - payrolls, sales, vehicles and property values- so you are not over paying or will not be subject to an unexpected premium audit result.

Setting the renewal strategy as a result of discussions with you and your broker and recommend insurance markets that the broker is not aware of or is not a preferred market for the broker

Coordinating and running a Broker RFP including preparing guidelines and scorecards in order to get the best result.

Orchestration of multiple broker competitive bidding.

Preparing coverage specifications that are the broadest in the industry.

Evaluating and analyzing all quotes and proposals and negotiate with brokers and underwriters on your behalf.

CASE STUDIES

We can add tremendous value orcehstrating renewals and RFP's. We were enagaged to assist on a client's P&C renewal and held strategy discussions with the broker and evaluated the broker's markets. We discovered a recently aggressive market for General/Liability and Pollution package policies was not being approached on the renewal. We instructed the broker to forward a submission to the market and the market was very responsive. We were able to acheive $200,000 in premium savings (20%) while improving coverage terms.