|
Eagle Eye Contents
| commercial lines |
personal lines |
personal lines |
- Loss Control Recommendation Compliance
|
|
|
|
|
|
| |
|
|
| |
|
|
| Commercial lines |
| Loss Control Recommendation Compliance |
We are seeing more and more insurance companies making Loss Control Recommendations on all types of policies. It used to be that companies primarily looked at workers compensation issues and larger commercial property issues. Recent trends show that companies are now reviewing smaller commercial risks and are broadening their scope of the issues they are commenting on. In many cases, clients are surprised that they are being asked to do something at all. Most are just used to getting a renewal policy and paying the premium. Sometimes the recommendations are easy, inexpensive fixes, but in other cases, compliance with a company’s request will cost significant dollars and time.
We can’t stress enough that a company’s recommendations not be ignored!
It is very important for clients to respond to the company. The first response should convey that the recommendations will be complied with and by what date. Sometimes that is not possible as time, cost and other factors come into play, but as you have every intention to comply, a response of when the recommendations will be completed should be fine as long as the time frame, given the severity of the recommendations, is reasonable.
There are times when clients genuinely disagree with the recommendations or the cost to comply may be a hardship. When this occurs, you need to let us know immediately. We can try to work with the company on your behalf to see if an alternative is possible. At no time should you assume that by not responding, the company will forget. They won’t.
Failure to comply with Loss Control Recommendations will most likely force the the cancellation of your policy upon renewal.
Another market may also be unavailable. Underwriters expect insurance buyers to make the businesses they own safe and secure. In the case of larger commercial risks, underwriters will require effective safety programs to be in place before they will consider quoting on many risks.
As your agent, in order for us to help you position your company to get the best possible coverage and the lowest quotes now and in the future, we need your help. You must comply with your company’s loss control recommendations.
| 
