Let's say it plainly: not every policy needs replacing. A well-drafted, well-maintained policy has value – even if it wasn't arranged through me. The point of the review isn't to switch, it's a clear picture: what's there, what's missing, what's redundant – the decision is the client's from there.
- The review is a content-based check: cover, sums, limits, exclusions – not a premium hunt.
- Three outcomes: everything's fine / an adjustment is enough / switching is justified – all three are good, if deliberate.
- The most common finding isn't a bad insurer, it's outdated data: old sums, missing items.
What do we review?
We compare the policy and its terms with reality: do the sums for each asset group reflect today's values (underinsurance test); does the scope of cover match the actual risks (is glass, electronics, or off-premises cover missing); are the deductibles and limits suited to the company's capacity; which exclusions actually apply on this site; and are the endorsements (financing party!) up to date. It's typically half an hour's work – all it takes is the policy, the terms, and a picture of the premises; with multiple sites or a more complex machinery fleet, it takes longer than that.
When do I say: stay put?
If the content is right and the sums are well maintained, the policy is doing its job, and switching would be an unnecessary risk (new waiting periods, a chance of a gap in the handover, a lost claims-free record). In that case, the most you need is fine-tuning: keeping the indexation up to date, filling in one or two missing items within the existing framework. That's a legitimate outcome too – and more common than you'd think. A lower-priced quote alone isn't a reason to switch: the trap of a low premium.
When is switching justified?
If the review finds a gap in content that the current insurer can't or won't fix; if the market offers meaningfully better terms for the same content; or if claims-handling experience has repeatedly been poor. In that case, the switch is handled in an orderly way: a content-based comparison (table), a seamless handover (timing), and proper cancellation. The decision – here too – is the client's; my job is to make sure it's made from a clear picture.
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