b'surance company will only make a positive impact on yourbut there are other underwriters who would consider doing insurance results.this. It is important to note that these factors are different for every operator and each company is viewed on an indi-Lastly, the timing of shopping out your insurance programvidual basis by underwriters. to the market is crucial. It is not recommended to shop insur-ance companies every year but rather strategically every fewInsuranceisnotthemostexcitingsubject,butyoucan years when the time is right. As an example, if you workedmake it less painful. Take the time to tell your story and at a construction company and saw the same project out formake sure your broker is relaying this message to insurance bid every year and never won it, you are likely not going tocompanies.Takeprideinyoursafety,trainingprogram, put forth the time, energy, and effort to win that project.employee relationships, and it will have a positive impact. The same principle applies to underwriters and insuranceClaims are not always preventable, but you can play a part companies. Have a discussion with your broker about whenin reducing the chance that incidences occur. is the right time for you to shop. Perhaps its when you have received your third consecutive eight percent increase on Sources:your Bumbershoot and the cost of this policy has increasedCostliest U.S. Tropical Cyclones, National Centers for Environmental InformationInsurers slashed Hurricane Ian payouts far below damage estimates, documents and insiders reveal,from $100,000 in 2021 to $125,971 in 2024. Maybe it is thatBrianna SacksNavigating the Aftermath: The MV Dali Bridge Collision, Alex Vulloyour current insurance company is not packaging your autoState of the Market 2024 Outlook, AmWinsBob Petrilli, President, Amwins Underwriting; Ryan Armijo, Chief Operating Officer, Amwins Underwriting; Lee Collins, Head of Binders, and property insurance with your marine lines of coverageAmwins Global RisksFerry ExpertsAbout the Author SCOTT WHITEHILLAREA VICE PRESIDENT, GALLAGHERScott graduated from the University of Missouri in the spring of 2018 with a bachelors degree in busi-ness management and a minor in psychology. After graduation,heacceptedafull-timepositionwith Gallagherasaninsurancebroker.AtGallagher, Scott focuses on helping maritime companies make educated insurance decisions, mitigate their risk, and negotiate the best possible terms and conditions for his clients. sales@easternshipbuilding.com850-763-1900Panama City AllantonPort St. Joe31 JUNE 2024'