How a Contractor Saved 38% After Navigating a Last-Minute Renewal Increase

In the heart of the Atlanta metro area, a reputable site contractor found themselves grappling with insurance renewal complications. They had a long-standing relationship with the same insurance agency since their inception, but challenges arose when their auto policy renewal reached a critical point just four hours before expiration.

The Issue

The pivotal moment arrived when the contractor faced a last-minute renewal process that felt very similar to a fire drill. Their existing agency’s approach to handling renewals lacked a streamlined process, leaving them with limited time to navigate important decisions. With just a phone call at 8:00 p.m., the clock was ticking – fast.

How We Achieved Success

Armed with expertise and a robust network, we tackled the contractor’s renewal challenges head-on (and quickly!). Here’s how we did it:

1. Market Access Advantage: Being one of the Southeast’s largest privately held agencies granted us unparalleled access to a multitude of insurance markets, enabling us to negotiate from a position of strength.

2. Consolidated Policies: By consolidating policies to synchronize renewal dates, we boosted the premium offered to the insurance carrier. This not only benefited the insurer but also streamlined administrative processes for our client.

3. Strategic Engagement: Our engagement methodology shines in situations like these. With a profound understanding of the client’s industry, we were able to secure favorable terms and conditions, ensuring an advantageous outcome.

The Results

The remarkable outcome? We not only managed to reduce their spending from a staggering $178,000+ to a more manageable $112,000, but we also achieved this while enhancing their coverage terms and collaborating with superior carriers.

This case serves as a testament to our commitment to our clients, utilizing our expertise, industry knowledge, and strategic approach to deliver not just insurance solutions, but transformative results.

If your business is facing similar insurance challenges or needs, we’re here to help. Reach out to us here to explore how we can partner with you for a more secure and prosperous future.