Another quarter has passed, marking the completion of another fiscal year 7/1 renewal cycle. New complex claims, new lessons learned — Q2 was a busy one for our team. Here's a quick look at a couple of examples of the difference we made for clients like you, based on simple negotiation with the insurers who operate in the public entity space and who we know and work well with.

Renegotiating for Better Terms — Not Just Lower Premiums

We recently worked with two public entity clients to restructure their coverage and come out ahead:

⭐ A public entity client saved $50,000 on their workers' comp renewal compared to the incumbent carrier's initial offer — while also reducing their medical-only deductible from $10K to $0 per claim.

⭐ Another client saved approximately $150,000 by moving their property coverage to an alternative carrier and using a competing quote to negotiate down their workers' comp renewal with the incumbent.

Every renewal is a chance to renegotiate terms and pricing with your carrier. If it's been a while since you've been shown evidence of the results of those negotiations, it's worth taking a look to make sure your rates and terms are still within market. Putting your insurance program on autopilot is a strategy that only benefits the insurance company.

When something goes wrong — a vehicle accident, a facility failure, an equipment breakdown — the first question is almost always the same: what do we know about how this was maintained?

A consistent maintenance log is one of the simplest, lowest-cost tools your organization has to answer that question with confidence, and it's often the strongest piece of evidence you'll have if a claim or lawsuit follows an incident.

We've put together a flyer covering what to track across:

• Vehicles & Fleet
• Facilities & Buildings
• Repairs & Maintenance Work

...plus a ready-to-use log template you can start using today. Reach out to our team for a copy!

We're growing our footprint across the region. Here's where First MainStreet Insurance has a physical presence:

Thanks for reading — we'd welcome the chance to talk with you about your organization's specific risks and coverage.

Already working with an FMSI partner agency? Ask your local team about our Public Entity Specialty Group. See a list of all our agency partners below!