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Our extensive food and agriculture industry expertise allows Gallagher's advisors to help our clients grow their businesses in today's extremely challenging environment. Read our case study to find out how CORE360® provides every Gallagher client with a comprehensive approach focused on minimizing their total cost of risk, delivered with best-in-class service.

Gallagher Improves Renewal Terms for Large Seed Company

The Situation

A large agricultural seed company working with a long time insurance broker was experiencing major insurance premiums swings year to year. When their commercial property insurance carrier made guideline changes, the company received a non-renewal, and the only solution from their broker was a 380% premium increase that provided less coverage.

After undertaking a formal and thorough broker review, the company hired Gallagher to provide a fresh perspective, expertise and strategy to improve their total cost of risk.

The Solution

Using our proprietary CORE360® model to evaluate six cost drivers of the client's risk management program, we worked to minimize their total cost of risk.

Gallagher Core360 Case Study Results Result 1: Insurance Premiums Leveraged market relationships with industry-specific carriers to offer competitive property terms, deliver a $00,000+ premium reduction and secure a workers' compensation divident endorsement to positively impact premiums. Result 2: Program Structure Secured full property policy loss limits with an 80% property deductible reduction and minimized potential out-of-pocket costs. Result 3: Coverage Gaps Improve and reduced several miscellaneous policy coverage gaps, and increased sublimits to further insulate the client. Result 4: Loss Prevention & Claims Partnered with industry-specific carrier to improve loss control efforts, including no-cost industrial hygiene testing, netting thousands in savings for the client. Result 5: Contractual Liability Strengthened indemnification language in client's key customer contracts and provided training to multiple EEs on COIs.

Disclaimer

The information contained herein is offered as insurance Industry guidance and provided as an overview of current market risks and available coverages and is intended for discussion purposes only. This publication is not intended to offer legal advice or client-specific risk management advice. Any description of insurance coverages is not meant to interpret specific coverages that your company may already have in place or that may be generally available. General insurance descriptions contained herein do not include complete Insurance policy definitions, terms, and/or conditions, and should not be relied on for coverage interpretation. Actual insurance policies must always be consulted for full coverage details and analysis.

Insurance brokerage and related services to be provided by Arthur J. Gallagher Risk Management Services, Inc. (License No. 0D69293) and/or its affiliate Arthur J. Gallagher & Co. Insurance Brokers of California, Inc. (License No. 0726293)