The stakes of an insurance contract review

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Since 2011, Haxoneo has been helping companies like yours optimize their indirect purchasing. More than just a service, Haxoneo is a strategic ally, helping you to benefit from the best pricing conditions in all purchasing categories, especially insurance, a key expense item for companies.

Why review and renegotiate insurance contracts in September?

September is a key time for companies. It marks the resumption of activities after the summer, the preparation of year-end budgets and often the updating of numerous contracts.

Among these, insurance contracts play an essential role, but are all too often overlooked. And yet, taking the time to analyze and, if necessary, renegotiate them can generate substantial savings and reinforce your company's protection.

Why is September the right time?

September is a pivotal time for companies:

• it's a time when management is preparing its organization and planning for the end of the year,
• it's also a good time to draw up budgets for the following year, when fixed costs such as insurance are reassessed,
• lastly, many insurance contracts expire at the end of the year: anticipating this as early as September helps avoid automatic renewal without renegotiation.

The stakes of insurance contract review

Reviewing insurance contracts is not just a question of costs, but also of the relevance of cover.
It is important to :

• check that cover still corresponds to the company's current activity,
• identify any duplication of cover, or cover that is no longer necessary,
• update contracts in line with changes in the company: new premises, acquisition or renewal of vehicles, changes in headcount or sales,
• ensure that coverage amounts are in line with actual risks incurred.

The benefits of renegotiation

Renegotiating insurance contracts can bring several benefits:

• better coverage at no extra cost,
• lower overall premium costs, thanks to competitive bidding,
• access to new offers and innovative solutions available on the market,
• incorporate sustainability and prevention criteria into contracts to better prepare for the future.

The role of an insurance broker

A specialized insurance broker plays a decisive role in this process. He or she analyzes existing contracts, identifies areas of concern and negotiates directly with insurers to obtain the best terms and conditions.
For example, L'Intégral, an insurance broker dedicated to businesses, relies on solid partnerships with over 30 insurers to offer tailor-made, competitive solutions, perfectly adapted to the needs of organizations.

Conclusion

September is the ideal time to take stock of your insurance contracts. It's an opportunity to ensure that the company is effectively protected, while keeping costs under control. An annual review, accompanied by a broker, not only saves you money, but also reinforces the security and durability of your business.

Would you like us to help you analyze or renegotiate your contracts? Contact Océane Dubois, your privileged contact.