Insurance Renewals
Some business leaders see insurance renewals as a routine task which is performed by filling out a few forms, sending them off to the broker and all is well. That is until a claim is made and they find out they didn’t have the cover they thought they had. Brokers don’t know your business as well as you do and it often requires people with knowledge of both the business and insurance products to be involved to get the best outcome. We can assist by working with your internal team and brokers to:
- Interview stakeholders to understand their expectations on what insurance cover the business should have and compare that to the current level of cover
- Identify the risk areas that may or may not require cover (depending upon the risk tolerance of the business)
- Review the level of excesses on policies and premium impact of changing these
- Lead the business through an insurance re-marketing exercise with the broker
- Provide an independent view of the additional insurance a broker may recommend
- Compile a ready reference one-page insurance summary
- Take stakeholders through an educational on what each policy covers and what is excluded