A successful competitive bidding process requires careful planning and
skillful execution. If properly managed and undertaken at the right
time, the bidding process can produce both premium savings and
improved coverage. Our seven keys to effectively bidding an insurance
program are:

  • Appropriate bidding intervals
  • Broker selection
  • Comprehensive written specifications
  • Utilization of multiple sources
  • Allocation of carriers
  • Appropriate decision framework
  • Implementation and review

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