As we usher in the New Year, it’s the perfect time for a fresh start.
Begin the New Year on the right foot with a thorough review of your insurance policies. An insurance review might not be the first thing on your New Year’s checklist, but it’s a wise move that can yield substantial benefits. Our seasoned INSURICA brokers bring their wealth of experience and knowledge to the table, conducting an in-depth examination of your policies. Here’s what you can expect as part of this comprehensive review:
Claims Review
We start by delving into your claims history. It’s essential to have a clear understanding of past claims to identify patterns and potential areas for improvement. Our goal is to ensure that you are receiving the support you need when incidents occur.
Coverage Review
Policies can become outdated or no longer align with your organization’s evolving needs. Our team will meticulously review your coverages to make sure they are up to date and still provide the level of protection required. It’s about optimizing your coverage to match your current circumstances.
Exposure Updates
Risk exposure is dynamic, constantly evolving with changes in your operations and the external environment. We will assess your exposures to identify potential gaps in coverage and recommend adjustments accordingly. This proactive approach is vital to keeping your organization secure.
Strategic Renewal Plan
Renewal periods should not be a time of uncertainty or hasty decision-making. With a strategic renewal plan in place, you can approach renewals with confidence. Our experts will work with you to create a renewal strategy tailored to your specific needs and goals.
So, what’s next? You might be wondering. Rest assured, your dedicated INSURICA broker will be reaching out soon or, if you prefer, don’t hesitate to contact your broker directly. We’re here to kickstart your year with the right plan in place. Let’s make 2024 a year of resilience, growth, and security.
This article is not intended to be exhaustive nor should any discussion or opinions be construed as legal advice. Readers should contact legal counsel or an insurance professional for appropriate advice.
About the Author
Share This Story
Related Blogs
OSHA’s Safe and Sound Week Scheduled for Aug. 12-18
Each year, more than 5,000 workers are killed on the job. Additionally, more than 3.6 million employees are seriously injured each year while at work. Because of this, the Occupational Safety and Health Administration (OSHA) holds a nationwide event each August called Safe and Sound Week, which promotes the importance of companies incorporating safety and health programs into their workplace. This year, the event runs Aug. 12-18, 2024.
2024 Midyear Market Outlook: Workers’ Compensation
Profitable underwriting results have generated favorable conditions across the workers’ compensation insurance market for nearly a decade. According to the National Council on Compensation Insurance (NCCI), the segment produced combined ratios of 84.5 and 84.9 in 2022 and 2023, respectively, demonstrating continued profitability.
CrowdStrike, the Most Important Cyber Accumulation Loss Event Since NotPetya, Highlights Single Points of Failure
In what is being called “the most important cyber accumulation loss event since NotPetya,” the July 19, 2024, global technology outage (CrowdStrike) will produce scores of insurance claims across a range of policies, test cyber policy wordings,and sharpen the industry’s focus on single points of failure.