Roadmap to Insurance Renewal – Exit 1 

Six months prior to your insurance renewal date, you should be reviewing these important topics.

By Rob Foote, Roofing Risk Advisors, LLC.

Roofing Risk Advisors, LLC uses a three-step renewal process starting at 100-120 days prior to renewal date. Over the next few weeks, we will be showing each “exit” on the roadmap to renewal. Keep an eye out for Exit 2 and Exit 3.

Our first stop begins here with Exit 1 – Pre-Renewal (100 – 120 Days Prior To Renewal Date):

• Discuss Open Claims and Closure Strategy
• Openly Communicate Budget Expectations for Future Bidding Purposes
• Risk Management Strategies to Help Mitigate Potential Claims
• Discuss Current Market Conditions for Roofing Professionals
• Communicate Current Exposures to Roofing Industry
• Discuss: Projections, Updates, and Limits
• Discuss Optional Essential Coverages (i.e. Cyber, Pollution, E&O, EPLI, Crime, etc.)
• Provide an analysis of Workers’ Comp Experience Mod (NCCI Worksheets)
• Review Scope of Work and Match Insurance Program with Partner Program
• Obtain Updated Certificate Holder List

Are you on the right path?  If not, contact Roofing Risk Advisors to help you reduce costs, fuel margins, and increase profitability.

Rob Foote is a deeply experienced Insurance and Risk Management Advisor to the roofing industry, 15-year member of National Roofing Contractors Association (NRCA), and a director of the Florida Roofing & Sheet Metal Contractors Association (FRSA). For more information, contact the author at 407-493-2121 or go to  www.roofingriskadvisors.com.