3. Highlight Risk Improvements It’s important to highlight to the insurer anything you’ve done to address the key areas of risk. You also want to discuss new buildings or upgrades that reduce risk, risk-improvement projects, improved fire prevention programs, or other changes that will reduce risks in the future. Your broker can help you craft a message that will paint your company’s risk profile in the best possible light.
4. Invest in Relationships Insurance buyers who have spent time developing relationships with insurers have experienced better than average renewal results. Providing additional information and participating in underwriting meetings can be time consuming but there is a financial benefit.
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P&C LOOKING AHEAD 2021 | WOODRUFF-SAWYER & CO.
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