In the constantly changing world of insurance, ensuring that your policy is current is crucial. We have compiled a list of the essential steps and considerations to keep your client policies up to date. These steps will assist with ensuring that your client’s coverage aligns seamlessly with their insurance needs.
How to Keep Your Client’s Pollution Policy Current
- Review your client’s policy regularly
- Keep updated certificates of their insurance readily available
- Notify the insurance underwriter of any changes (additions, deletions, name changes)
- Ask questions/request clarification of the pollution underwriter on behalf of your client
- Advise your client to stay up to date on vessel surveys and USCG issues vessel certificates (CODs)
- Remind your clients to set reminders for their upcoming COFR renewals
- Notify your client’s underwriter of any leased vessels, charter agreements, and contracts that may affect their coverage or risk
- Make sure your client’s pollution limits are adequate for their vessel fleet and any contracts currently in place
- Ensure your client’s premium payments are on time
- Have your client report all claims to you (the broker) and underwriter immediately
In the dynamic world of vessel pollution insurance, staying ahead is not just a choice – it’s a necessity. By following the crucial steps outlined in our guide, you’ve equipped yourself with the knowledge to keep your client’s vessel pollution policy current and aligned with their evolving needs. Interested in learning more about vessel pollution insurance? Contact our vessel pollution team today!
