Auto Limits/Retentions
Old Republic Risk Management was contacted by the broker for a large transportation risk-insured seeking to restructure their primary auto liability limits and retentions in the most cost-effective way, 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.
Old Republic 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, we were able to offer a variety of options for the insured’s consideration, including larger primary limits due to pressure from their umbrella liability carrier and optional retentions.
Our solutions helped the insured develop the most cost-effective retention and limit options that would work for their company in the future and provide them with flexibility in their umbrella liability program.