120+ Days: Strategy
Start with the business, not the application. What changed? What was frustrating last year? Any acquisitions, new contracts, equipment, locations, vehicles or staffing changes? What does the owner want to improve?
90 Days: Build the Underwriting File
Gather updated applications, current loss runs, payroll, sales, fleet and driver schedules, property values, equipment schedules and other industry-specific information.
For Oil & Gas / Construction
This may also include radius, hauling details, subcontractor costs, project mix, safety information, MVR controls, equipment values and customer contract requirements.
60 Days: Market & Underwrite
Underwriters review the submission, ask follow-up questions and determine appetite, terms and pricing. Fast, accurate answers help keep the process moving.
30 Days: Compare the Program
Review proposals side by side. Look at premium, but also limits, deductibles, exclusions, endorsements, valuation, auto symbols, umbrella terms and other material differences.
Binding: Make the Decision Clear
Confirm the selected option, satisfy binding requirements and make sure effective dates and requested coverage changes are documented.
After Renewal: Keep Parker Updated
Insurance should not go dormant for eleven months. Material changes in operations, vehicles, property, employees or contracts may need to be discussed during the policy term.
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