What does our Insurance Program Review entail?
Our Insurance Program Review includes:
- Gather information with our in depth interview and comprehensive analysis to understand your business.
- Analysis of your insurance program to identify gaps, overlaps, and improvement opportunities.
- Review of your policies, coverage limits, deductibles, endorsements, and exclusions.
- Exploration of market alternatives better suited to your business.
- Guidance to understand your insurance program better.
- Recommendations to streamline your insurance program and reduce costs.
- A free comprehensive report of our recommendations
Why Choose Elliott Insurance The Green Broker for Your Insurance Program Review
We offer:
Consider the case of one of our clients, a hospitality business in regional Queensland who had multiple insurance policies from different carriers. Their current broker only spoke to them once a year on renewal. Our Insurance Program review revealed duplications and gaps in their policies, due to changes in the business that were not picked up by the previous broker. After making the changes, consolidating their policies and renegotiating their premiums, we saved them over $10,000 per year.
Is an Insurance Program Review Right for Your Business?
An Insurance Program Review is essential for any business owner who wants to ensure their insurance program aligns with their needs. Regardless of your business size or industry, our expert brokers can help you optimize your coverage and potentially save your business or help your bottom line.
Frequently Asked Questions
Yes, an Insurance Program Review can potentially save you money. By identifying unnecessary coverage or duplications in your policies, we can recommend ways to streamline your insurance program and reduce costs, without compromising your protection.
Yes, it's possible. An Insurance Program Review aims to ensure that your insurance program fully protects your business. If we find inaccuracies or inadequacies in your current coverage, we may recommend additional protection to address these gaps. While this could lead to an increase in your insurance premiums, it's essential to remember that this cost is a valuable investment in safeguarding your business from potential losses or liability. It is crucial to have the right coverage in place to protect your business adequately.
We recommend having an Insurance Program Review regularly, ideally annually. However, it's also a good idea to schedule a review after any significant changes to your business, such as launching a new product or service, expanding operations, or after any substantial financial changes.