- Provide you an accurate estimate of your renewal premiums at least 45 days prior to expiration -- and advise you on alternative sources of insurance.
- Firm up the renewal prices 30 days prior to expiration -- and advise you of any changes in deductibles, exclusions and other policy provisions.
- Fully disclose the details of the underwriting specifications and information submitted to the insurance companies -- and the names of the insurance companies approached and whether they declined or quoted, and if quoting, what their prices were.
- Prepare an annual stewardship report highlighting any changes in the program versus the prior year, summarizing what each insurance policy covers and listing the progress made regarding insurance administration, claims, loss control and other services. Click here to view a sample table of contents of a stewardship report.
In the course of managing insurance placements we use these criteria as benchmarks.
