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Get ready for your insurance renewal conversations
Get a renewal pack with a summary of current cover, claims, changes in the business and sharp questions to put to your broker.
When to use it
About three months before each policy renews
Step by step
Collect your current policies
Gather the policy schedules, last year's claims history and a list of what's changed in the business, such as new sites, vehicles, staff numbers or contracts.
Build the renewal pack
Attach the documents to your AI assistant and use this prompt.
Prompt to copyHere are our current insurance schedules, claims history and business changes. Create a renewal pack: 1) Cover summary table: Policy | Insurer | Renewal date | Limit | Excess | Premium | Key exclusions. 2) Changes in our business since last renewal that the insurer may need to know. 3) Possible gaps or overlaps between policies to ask about. 4) Fifteen questions to ask our broker, grouped by policy. 5) A short brief to send the broker before the meeting. Don't recommend specific cover levels; flag points for discussion.Check it with the documents
Compare every limit, excess and date with the actual schedules, and confirm the business changes with the relevant managers.
Brief your broker
Send the brief through Outlook ahead of the meeting and use the questions to compare the options they come back with. Decisions on cover rest with you and your qualified broker.
What you get
Public liability | Insurer A | renews 1 Apr | £5m | £500 | £3,120 | Excludes work at height over 10m. Changes: second warehouse opened in June; 14 new staff. Gap to ask about: no cover listed for goods in transit. Question: does the cyber policy cover payment fraud?
Tips
- Note what changed since last year in one place each month; renewal time is much easier when it's already written down.
- Remove staff names and personal claim details before pasting claims history into a public AI tool.