If you own or manage a business and have an insurance renewal coming up, you most likely are not preparing for it, but you should. Now is the time to connect with your broker to start the planning process. Here are a few tips to help you get the process moving. Or call us, and we can manage the entire process.
Suggested Renewal Timeline
90 days from renewal. Meet with a broker and set goals and objectives. Have broker build specifications.
60 days from renewal. Send out specifications to selected underwriters.
45 days from renewal. Review underwriters and start to cut list to top considerations.
20-30 days from renewal. The client and broker meet to review options and determine the final program, coverage selected, and pricing.
5-10 days from renewal. Final paperwork prepared, signed, and invoiced.
5 days from renewal. Binder documents and certificates delivered.
10 days after renewal. Policies delivered.
Give us a call today, and we will get to work for you!