Roadmap to Renewal – Exit 3 

Our third and final stop on the Roadmap to Renewal is the "Presentation of Solutions." 

By Rob Foote, Roofing Risk Advisors, LLC. 

Exit 1 - Pre-Renewal  (100 - 120 Days Prior To Renewal Date)

• Discuss Open Claims and Closure Strategy
• Openly Communicate Budget Expectations for Future Bidding Purposes
• Review Risk Management Strategies to Help Mitigate Potential Claims
• Discuss Current Market Conditions for Roofing Professionals
• Communicate Current Exposures to Roofing Industry
• Discuss: Projections, Updates, and Limits
• Discuss Optional Essential Coverages (i.e. Cyber, Pollution, E&O, EPLI, Crime, etc.)
• Provide an analysis of Workers' Comp Experience Mod (NCCI Worksheets)
• Review Scope of Work and Match Insurance Program with Partner Carrier
• Obtain Updated Certificate Holder List

Exit 2 - Underwriting Phase  (75 - 100 Days Prior To Renewal Date)

• Large Claim Description and Action Plan to Prevent Re-Occurring
• Obtain Updated Projections and Underwriting Data to Submit to Partner Carriers
• Discuss Budget Objectives to Match Roofing Clients' Expectations

Exit 3 - Presentation of Solutions (Renewal)  (21 - 30 Days Prior To Renewal Date)

• Presentation of Solutions and Recommended Program
• Discuss Optional Essential Coverages
• Obtain Signatures to Secure Coverage
• Prepare Certificates of Insurance for Release After Binding Coverage
• Prepare Auto ID Cards After Securing Coverage

What "exit" are you at on your timeline? You should have been presented your pre-renewal to evaluate your claims and perceived risk. If not, contact Roofing Risk Advisors to get you on the Roadmap to Success. Download our Roadmap to Success: Exit 3 today.

Contact the Roofing Risk Advisors to help you reduce costs, fuel margins, and increase profitability.

Rob Foote is a deeply experienced Insurance and Risk Management Advisor to the roofing industry, 15-year member of National Roofing Contractors Association (NRCA), and a director of the Florida Roofing & Sheet Metal Contractors Association (FRSA). For more information, contact the author at 407-493-2121 or go to www.roofingriskadvisors.com.