Before we implement any commercial property and casualty plan for a particular business, we spend time reviewing the company’s past history including existing policies, current contracts, and the last five years of currently valued loss runs. These loss runs allow us to perform a detailed and accurate claims analysis. At CCF&N, we recognize that our primary task is to structure a program for a business client that is attractive to an underwriter.

There are two other primary reviews we’ll conduct during our implementation phase:

Review of Business Deductible – There may be an opportunity to significantly impact premium by exploring alternative deductible options but we don’t want to make recommendations outside of your risk tolerance.

Examination of a Business’ Existing Contracts – We typically review vendor contracts in order to determine if our client is assuming any liabilities or exposures through these documents. We need to then determine if these need to be covered by insurance, amended to keep our client from taking on an unknown liability or if you can retain these exposures.

Both of these reviews provide a better sense of issues where the business may be over-insured, under-insured, and where there are gaps in coverage. In conjunction with the information gathering phase, we’ll review with your claims history.

Throughout this thorough, CCF&N will be able to provide recommendations on how to appropriately structure the insurance program and manage the overall risk and claims of the business. This process will provide the company with a better, more comprehensive insurance program, better pricing structure, as well as better claims results in the future.