The Insurance Coverage Gap Review
Find gaps in business insurance coverage
find gaps in business insurance coveragesmb / startupstool-agnosticinsuranceriskoperationslegalfinanceintermediate
Entry PT-0272 · full text · stolen 0 timesReceived
Our business insurance may not match the business: [CURRENT POLICIES AND LIMITS, WHAT THE BUSINESS DOES NOW VERSUS WHEN WE BOUGHT THEM, NEW EXPOSURES - NEW STATES, PRODUCTS, HEADCOUNT, CONTRACTS REQUIRING SPECIFIC COVERAGE]. Run the review: the gaps where we grew past the policy (revenue caps, new offices, sub-limits that no longer cover one incident), the contract requirements we signed without checking (client MSAs demanding coverage we do not carry), the overlaps where we pay twice, and the broker questions that test whether they are shopping or renewing lazy.
Inputs needed
- ■Policies, business changes, contract requirements
What good output looks like
Growth-gap list; MSA-vs-coverage mismatches; overlap waste; broker test questions
The stream (0)
Reading the room…