NSM was invited to work on the renewal of a large nonprofit who had not marketed its insurance program in over 5 years, and yielded $120,000 in savings for the nonprofit.
The company was using multiple carriers for their coverage lines, which would create gaps in the event of a claim.
Upon review of the coverage portfolio, NSM discovered that the company used multiple carriers with poor ratings. More importantly, their casualty/liability lines (General Liability, Professional, Abuse and Molestation, Auto Liability, and Umbrella) were placed with different carriers, which created a coverage gap in the event of a claim.
We were able to place all lines with an admitted A XV rated carrier and overall premiums yielded a $120,000 in savings for the nonprofit.