We want to ensure your renewal experience mirrors your initial experience obtaining a Coalition policy - easy, and straightforward. To this end, we've built an easy process to renew your policy and get you on your way.

At the time of renewal, policyholders will fall into two categories: Automatic Renewal and Standard Renewal.

Automatic Renewal

This applies to policyholders who have:

  • Annual revenues less than or equal to $25M

  • Policy limits less than or equal to $5M

  • No Coalition claims

  • The number of PII/PHI records AND the number of payment cards stored, processed, transmitted, or accessible is less than 500,000

  • Appropriate security controls as assessed through Coalition's technology scan - the same technology we used to review your initial security posture

Policyholders who qualify for automatic renewals will not need to complete any additional information and can be automatically renewed at expiring terms. For automatic renewals, brokers should expect to receive the policy 21 days before expiration.

Standard Renewals

This applies to all policyholders who do not qualify for automatic renewal. Brokers will receive a pre-filled application 90 days before renewal to be updated by the policyholder. Upon receipt of the application, Coalition will release a quote to the broker (no earlier than 60 days before expiration). Quotes can be bound directly through our platform up to 30 days before expiration. For adjustments, please contact the Coalition Renewals Team ([email protected]).

With both Automatic and Standard renewals, brokers will receive an email from Coalition no later than 90 days before expiration identifying the renewal track with instructions on how to proceed.

For Standard renewals, this blank renewal application may be useful.

Excess Renewals

The process for excess renewals is largely the same as standard renewals. The only additional pieces of information we will need before we can provide a quote are copies of all underlying renewal quotes and loss runs. After these are received, renewal excess terms can be processed.

Note

For all non-admitted placements, any regulatory requirements associated with the policy remain the responsibility of the broker.

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