Property and Casualty Insurance in North Texas
During the review, we confirmed the savings and showed him additional coverage errors and omissions. We offered to add employment practices liability Insurance, lower property and auto deductibles, and insure a critical telecomunications switch to replacement value, which had previously been grossly underinsured.
Our proprietary review process revealed that this telecom company did not have coverage for international exposure, even though 40% of their revenue was derived from professional services overseas. We also pointed out that they had only limited Directors Officers coverage, and their current Professional Liability carrier only offered them a $100,000 Deductible.
Insurance Problem
A real estate holding company had over 70 locations and over $100 million in built property. The real estate owners were very active in purchasing land, building property and selling ventures, and their previous agent had no system to keep up. 12 of the 70 locations had no evidence of coverage, and the owners did not have a reliable system from the agent for dealing with insuring new properties.
A large real estate owner had a property schedule for which they insured each location separately, with different companies and on different effective dates. This insured paid higher insurance premiums, because each policy had single location rates. The current agents' policies also underinsured some properties, and led to a certificate management nightmare.
This general contractor had been working with an agent who considered himself an "Industry specialist." However, the contractor's current policies had serious omissions, leading the contractor to believe this "specialist" was actually blind to his client's needs.
A local landscaping company that has been in business for over a decade had been insured by an agent with a special landscaping insurance program. Feeling their agent hadn't done his due diligence in regard to pricing, the landscaper reached out to Swingle Collins & Associates for a review of their current coverage.
An excavation contractor was with an out of state agent for 10 years. When we reviewed their policies,several issues stood out that needed to be addressed. The agent had pieced together their insurance over time to comply with job requirements but had not looked at it from a holistic vantage point to properly insure the client.
