Q2 renewals are coming fast. For brokers with utility contractor clients, now is the time to review coverage, flag gaps, and make sure every account is in the right market before the rush hits.
Here is a quick checklist to make sure your book is positioned well.
Review coverage by contractor class
Not all utility contractors carry the same risk profile. Before renewals hit, confirm your current placements reflect the actual operations of each account.
- Powerline contractors: High auto exposure, transmission/distribution operations, and significant liability risk make package coverage a must
- Water and sewer contractors: Pollution exposure is a common gap in monoline placements
- Telecom contractors: Often underinsured on inland marine and E&O given the value of equipment and contracted scope
Flag the most common gaps
Brokers frequently find these gaps at renewal time:
- GL missing or placed with a separate carrier on a monoline auto account
- Inland marine limits that no longer reflect current equipment values
- No pollution coverage for operations that clearly warrant it
- Excess limits that have not kept pace with contract requirements
Streamline your submissions now
The biggest renewal delays come from incomplete submissions. Getting ahead of this saves time on both sides. At minimum, have ready:
- Acord applications (complete and current)
- 5-year loss runs
- Payroll, revenue, and subcontractor cost breakdown
- Description of operations by class
One market for your utility contractor accounts
UtilityPro offers auto, GL, property, inland marine, E&O, and excess in a single program built specifically for powerline, water and sewer, and telecom contractors. Monoline or package, we can support your placement.
Ready to submit?
Questions about positioning coverage solutions during contractor growth? Contact your UtilityPro underwriting team.
Find out how UtilityPro provides better coverage by design or submit your accounts online today.
Download now: Emergency action plan checklist for utility contractors
