Save time on your insurance renewal process
Commercial insurance renewals can be time consuming and mistakes can lead to higher premium and gaps in coverage. However, risk managers can streamline their renewal process and reduce stress, save time, money and resources by following these tips:
Make sure your broker provides a timeline with key deliverable dates so you have enough time to gather, review and submit the information.
Find a software (i.e. Flisk) that is capable of consolidating the data in one place, that allows you to track and review changes to exposure data, and produces reports that can be used by insurance underwriters.
Meet with Underwriters
Having these meetings will allow you to understand early on what to expect at renewals (i.e. what to focus on)