Your Role is Critical

To get the best possible rate and coverage for your needs, you must make your organization stand out. In insurance terms this is called “best in class.” You can achieve this by taking an active role in the insurance buying process:

• Create a relationship with your insurance representative. The more he/she knows about your operation, the better prepared he/she will be to present your organization to insurers. Prepare any supporting materials that can accompany your application.
• Ensure that your application is well organized, referenced and tabbed for easy review. Include all information about your risk management policies and procedures.
• Ensure that all information requested by your insurance representative is included in the application.
• Include any documentation that clearly describes your operation. Include an executive summary that describes your organization and why it is “best in class.”

Finally, always review the submission before your insurance representative submits it to the insurance company. Make sure the application accurately reflects your organization, its operations, your needs and the requested coverage.