Preparing for Insurance Bidding
Don't miss an upcoming training at the Iowa Construction Industry Convention that will greatly impact you and your company!
A recent MBI survey indicated that many contractor members will be “going to market” at their next insurance policy renewal. This means they will be soliciting bids from various insurance carriers to provide their property, work comp, general liability, auto and possibly equipment coverage. This involves preparing information on who the contractor is, what, where and how they do their work, and a summary of previous years’ claims. It’s a lot of work and needs to be completed approximately two months before the current policy expires. This will give the underwriters of the various insurance carriers time to review the information. Underwriters are the ones who determine how much premium will be charged. They look at the info for help in deciding how much of a risk a contractor would be to them. Therefore, how the information is presented and what their loss control representative sees at a jobsite or in the shop is all they have to go on.
At this seminar, attendees will learn the process underwriters use to determine whether or not they think a contractor will have accidents in the next year. Hear from actual underwriters as they describe what they look for from contractors who have years of experience in keeping their premiums at a minimum. Attendees who ask questions will come away with answers. This is a must attend seminar for any company expecting to go to the “market” at the next renewal date, and it will be held on Wednesday, February 22nd at the Iowa Construction Industry Convention from 9:30 - 11:30 am. The instructors will be; Bob DeSmidt of Klinger Companies, Inc. in Sioux City, IA,
Cerie Garton of Nationwide Insurance in Des Moines, IA and Robin Toler of CRIS, Zurich Insurance in Overland Park, KS.
CLICK HERE to view the full Construction Industry Convention brochure to view registration information and additional details about this seminar as well as many others.
