Risk trigger
Insurance renewal review for mid-market operators.
A renewal that arrives 30 days out with one quote and a request to bind is not a market test. We pressure-test the expiring program against the market 30 to 90 days before the effective date and put the carrier’s renewal terms next to what the file would actually fetch in a structured remarket.
The situation
Renewal is the moment quiet drift becomes permanent.
The expiring program was written for a different version of the company. Revenue, headcount, locations, vehicle count, and contract terms have all moved. The renewal proposal arrives with a delta on premium and not much on coverage. The instinct is to compare last year’s premium to this year’s premium, sign, and move on.
That comparison misses the actual question. The actual question is whether the renewal terms still match the operation, whether the market would write the same risk for the same money, and whether anything was added, dropped, or quietly narrowed in the policy forms since the last bind.
Why most programs fail this test
The four failure modes we see most.
- Outdated replacement cost. Property values last trued up before the recent construction-cost run. Coinsurance penalties baked into the renewal.
- Schedules that no longer match the operation. Locations sold, vehicles retired, classes added, payroll splits stale. The premium reflects the prior footprint.
- Exclusions added quietly at last renewal. A communicable disease exclusion, an absolute cyber exclusion on the GL, or a tightened pollution carve-out that nobody flagged at bind.
- Unsigned applications drifting from the actual exposure. Application data carried forward year over year, no longer reflecting current operations, with material misrepresentation risk at claim.
What we look at
Expiring vs renewal, line by line.
- Expiring policy forms vs renewal forms, with every endorsement compared on number and edition date.
- Experience modification factor, scheduled credits and debits, and how the carrier built the renewal premium.
- Property statement of values against current replacement cost, with coinsurance and ordinance-or-law sublimits stress-tested.
- GL, auto, umbrella, and excess limits against the company’s current contract requirements and exposure profile.
- Market alternatives: which carriers would entertain this risk, on what terms, and where the appetite has shifted since last bind.
- Application accuracy, signed dates, and the underwriting narrative the next carrier will be reading.
- Broker-of-record process and timing if a remarket is the right call.
How fast we move
Working the calendar backwards from the effective date.
- 90 to 60 days out
- Engagement, document intake, expiring program review, and a written gap memo. This is the window where remarketing is fully on the table without rushing carriers.
- 60 to 30 days out
- Submission build, market selection, and structured comparison of incumbent renewal vs alternative quotes.
- Inside 30 days
- Triage. The realistic move is usually a clean incumbent renewal with negotiated improvements, not a full remarket. We tell you which conversation you’re actually in.
- One business day
- Initial response on every inbound. Renewal calendars don’t wait.
Placement
How placement works through Rush Insurance.
The consulting work, the program review, the submission narrative, and the negotiation strategy all sit with Vetted Risk. When you decide to bind or remarket, the file moves to Rush Insurance, our licensed placement partner. Rush handles carrier submissions, quoting, binding, and policy issuance.
Vetted Risk is not licensed to sell, solicit, or negotiate insurance. Compensation related to placement flows to Rush. Vetted Risk receives no commission, no override, and no contingent compensation. The recommendation on whether to remarket, stay, or restructure is independent of who eventually writes the binder.
Related coverage lines
Where renewal review usually lands.
-
Property & Casualty
Property values, GL forms, umbrella follow-form, and the contracts that drive insurance requirements.
Review P&C → -
Cyber Liability
Sublimits, war exclusion, ransomware coinsurance, and IR panel changes that show up in renewal forms.
Review cyber → -
Management Liability
D&O, EPL, and fiduciary towers reviewed for entity coverage, retentions, and severability of the application.
Review D&O →
Next step
Bring the expiring dec page and the renewal proposal.
One business day response. Independent review. Placement coordinated through Rush Insurance.
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