A detailed approach to managing a client's insurance and risk management program

1. The
Process
A Detailed approach to managing
your risk
1

2. 330 Days Prior to Renewal
(30 - 60 days after your renewal date)
 Review all policies and determine coverage was written as requested
 Review workers compensation and general liability audits on prior
term and resolve disputes
 Review all current endorsements and policy changes
 Certificates reviewed for contract compliance
 Certificates from sub contractors reviewed for contract compliance
2

3. 210 Days Prior to Renewal
(7 months prior to renewal)
 Loss runs reviewed and analyzed for all policies
 Experience mod calculation (erm) reviewed – projection for next policy
year calculated
 Open claim reserves analyzed and valued
 Workers comp statistical card reviewed prior to release
 Endorsements and policy changes reviewed
 Certificates reviewed for contract compliance
 Certificates from sub contractors reviewed for contract compliance
 Review Safety manual and OSHA reports
3

4. 120 Days Prior to Renewal
(4 months prior to renewal)
 Full detail Loss runs analyzed on all lines
 Experience Mod work sheets ordered and analyzed
 Exposure analysis completed – Current/future work
 Bid specifications are prepared
 Endorsements and policy changes reviewed
 Certificates reviewed for contract compliance
 Certificates from sub contractors reviewed fro contract compliance
4

5. 90 Days Prior to Renewal
 Finalize accord applications all lines
 Determine insurance companies to be quoted
 Initiate bid process with submittals and establish need by dates
5

6. 60 Days Prior to Renewal
 Review underwriters request for additional information
 Accompany insurance company inspections of facilities and job sites
6

7. 30 Days Prior to Renewal
 Analyze quotes/terms and alternatives
 Review declinations
 Make recommendations for placing coverage
 Monitor the binding of coverage
 Review sample certificate prior to issue
 Confirm contract compliance
7