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Are you on top of all of your contract certainty issues?
Can you measure the performance of your brokers in creating wordings that meet pre-bind quality assurance benchmarks?
Do you know which brokers need to improve their performance in this area?
Do you assess the quality of your slips even if you follow the market?
Do you simply need resource to supplement your in-house efforts?
WordingsPlus can help in these critical areas. Our staff are highly experienced market professionals who can make a real difference to the quality of the contract you enter into. Using our bespoke Contract Checker software our staff assess both the quality of the contract and, using their experience gained over many years, the suitability of the various clauses to ensure that you have a contract that works for you.
Working to pre-determined service level agreements our staff will ensure pre-bind that the contract is unambiguous and clear. Our unique Contract Checker software maintains a database of what checks have been completed on every slip, who did them and when. In addition it captures and reports on variables such as broker name, class of business and who submitted the slip for checking. From this we can build a picture of where your process works and where it is failing; which brokers produce quality documents and which don't.
Our aim is to mitigate the risk inherent in entering into poorly worded contracts. Costs savings in terms of legal fees and saved management time related to disputed claims means that our service can quite easily pay for itself.
We also offer a unique way of working. Drop your slip into our repository and behind the scenes our experts get to work to ensure that the slip passes numerous quality assurance tests. As there is no substitute for experience our experts also cast their critical eye over each and every clause ensuring that there are no conflicts and that the slip delivers what the underwriter intended. The slip is returned to you electronically with our Contract Checker output attached detailing the checks carried out and where more work needs to be done. All Contract Checker output is written to a database for management reporting and audit trail purposes.
We offer lots more than just pre-bind checking; bespoke policy drafting, legacy backlog clearance and process review are just some of our other services. No client is alike and we promise to deliver a bespoke offering to you and your company to deliver in this critical area. Please visit the Wordings Plus website or call us for an informal discussion.
Dan Grigg
Director, Wordings Plus Limited
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07904 211945
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