Orange County, Anaheim, CA

I wanted to share some valuable insights with the CFMA group from the world class market insights team at Lockton.  We've compiled an in-depth overview of what to expect by line of coverage, and why. 

 

10 Keys to a successful renewal:

1. Engage key stakeholders in planning and strategy discussions
2. Provide renewal exposures and completed applications timely
3. Be prepared for highly scrutinized underwriting process
• Detailed explanation of COVID-19 impact, both financially and operationally
4. Business continuity plan
5. Explain credit downgrades, distressed financials and access to capital
6. Explain contractual risk transfer agreements
7. Provide detailed documentation on controls (safety, cyber security, employee theft)
8. Be flexible with virtual engineering/loss control inspections
9. Share completion or progress plan of previous loss control recommendations
10. Be available for last minute underwriter questions and requests for data

 

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Dan Urias, CLCS, AAI

Vice President

Lockton Companies 

Mobile 949-394-6528

19800 MacArthur Blvd., #1250, Irvine, CA, 92612

 

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Dan Urias CLCS, AAI
Vice President
Lockton Companies
Irvine CA
(949) 394-6528
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