1901 First Avenue, First Floor, San Diego, California 92104
+1 619-866-9683

THREE PHASE PROCESS

This process was designed by one of our founders and has been used for condo HOAs, school systems, hospitals, county and city municipalities and businesses of all sizes for over 40 years.

An entire bid process cycle takes approximately 1.5-3 months. The first major step is to professionally prepare the insurance bid specification. Next, the bid specification is distributed to agents. Once our electronic bid forms have been completed by the agents, Guardian Insurance Risk Management analyzes the responses. Finally you (the insurance buyer) will receive a detailed report and feature comparison. The side by side comparison includes financial, coverage and conditions scores for each response and will indicate a clear winner for your insurance business. As an informed insurance buyer, you will learn that best quality coverage is not always the most expensive.

Timeline 

The process needs to begin well before the current policy comes up for renewal. When the client is able to quickly provide the required documents and other information, we may be able to accelerate the process. By allowing additional time for the the bid response period, you can expect greater participation from bidders.

01.

50 Page BID PACKAGE

• Assemble Supporting Documents 
• Audit Current Insurance Program 
• Perform Property Valuation for Replacement
• Review Bylaws & CC&Rs for Insurance Compliance
• Calculate Coverage Limits and Deductibles 
• Create Coverage Questionnaire
• Client Approves Final Package  
02.

2-6 WEEk FORMAL BID PERIOD

• Client Selects Agents & Brokers To Bid On Insurance
• Client Can Request The Bid Be Sent To Additional Carriers
• Hundreds Of Questions Are Answered By Each Bidder
• Insurance BidWorks Is Point Of Contact For Any Bidder Questions
• Completed Bids Are Returned to Guardian IRM
• All Bids Must Be Submitted By Deadline
03.

FINAL ANALYSIS & REPORT

• Bid Responses Are processed & Scored
• Final Report Is Generated Comparing Apples To Apples
• Risk Management CPCU Expert Makes Recommendations
• Final Report With All Options Sent To Property Manager Or HOA
• Client Selects & Awards Their Business To Winning Bidder
• Issued Policy Compared To Submitted Bid For Accuracy

 


Address

1901 First Avenue, First Floor
San Diego, California
92101

PHONE

Phone: +1 619-866-9683
Mobile: +1 619-866-9683
Fax: +1 619-866-9683

CONTACT

randy@guardian-risk.com
www.guardian-risk.com

WORKING HOURS

Monday-Friday: 9am – 6pm
Saturday-Sunday: Closed