Secure Massive Savings with Strategic D&O Renewal Tactics
Real-World Examples and Statistics
According to a recent industry survey, companies that actively engaged in policy comparison and negotiation saved an average of 15% on their D&O premiums6. Additionally, businesses that implemented comprehensive risk assessments reported not only financial savings but also improved risk management practices, leading to fewer claims and enhanced insurer relationships.
In one case, a mid-sized tech company managed to reduce its D&O insurance costs by 20% by switching to a provider that specialized in technology sector risks, showcasing the importance of aligning your policy with industry-specific needs.