Old Republic Risk Management (ORRM) was contacted by the broker for a large transportation risk insured looking to restructure their primary Auto Liability limits and retentions in the most cost effective manner, given their growth in units and loss projections. The cost of their current program was growing significantly due to market conditions and their successful business growth.
ORRM personnel met with the insured to explore their comfort level for retaining risk and to set goals for their Auto Liability renewal. As a result, ORRM was able to offer a variety of options for the insured’s consideration that included larger primary limits, due to pressures from their Umbrella Liability carrier, and optional retentions.
ORRM’s solutions helped the insured develop the most cost effective options of retentions and limits that would work for their company in the future and allow them flexibility with their Umbrella Liability program.