Proactive Renewal strategy
What is your strategy for your next renewal? Do you have a plan if your carrier dramatically increases your premiums?
At Sovereign, we believe that a proactive renewal strategy is crucial. Our approach assists us in smoothing out the renewal process. Our clients enjoy less surprises and a unique advantage relative to the market.
Here is how we seek to avoid surprises:
- Full account review is completed by account manager 90-120 days in advance
- Discuss any changes within your organization
- Re-assess coverage needs and prepare marketing strategy for underwriters
- Review market conditions
- Renewal submissions to underwriters 75-90 days in advance of your renewal