From insurance crisis to strategic success: Discover how a multi-location warehousing operation transformed their risk management approach.
The Situation
A large multi-location warehousing company faced a critical challenge when their property insurance carrier announced non-renewal due to a shift in risk appetite. The client, who had previously worked with a small local broker, recognized they had outgrown their existing insurance relationship and needed more sophisticated solutions for their complex risk profile.
Key Wins
Why They Needed Change
Misconceptions about risk profile impacting coverage options
Previous broker relationship based on personal rather than technical capability
Property insurance program facing non-renewal
Complex risk profile including mixed-use facilities
The Cottingham & Butler Approach
Conducted a comprehensive risk analysis of mixed-use facilities
Identified and addressed market misconceptions
Leveraged technical expertise to secure optimal terms