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CASE STUDY Manufacturing

Writer's picture: Tartan Insurance PartnersTartan Insurance Partners

Updated: Jan 11

Client Profile

Plastic injection molding manufacturer. Tier I and II supplier. Represented by a large, national broker. Increasingly restrictive property insurance terms due to a lack of understanding of the risk mitigation controls in place. Historical lack of competition for the property and liability program.


Process

Developed a comprehensive risk profile through several site visits, leadership interviews, survey reviews, and modeling. Conducted multiple in-person and virtual risk control visits with potential insurance companies to truly represent the entire risk profile. Received buy-in from client to invest in recommended improvements to risk mitigation processes.


Results

Implemented a thorough, proactive negotiation process to produce viable options from multiple insurance companies that represented improved coverage terms and a 26% ($147,202) reduction from the initial renewal offer.








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6632 Telegraph Rd. Suite 157

Bloomfield Hills, MI 48301

248.568.0596

info@tartanins.com

Tartan Insurance Partners Commercial Insurance
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