As the fourth quarter begins, many organizations focus on closing out the year strong. But Q4 is also the ideal time to take a closer look at your insurance coverage. Reviewing your policies before year-end can help you identify gaps, reduce costs, and ensure your union is fully protected heading into the new year. Amalgamated Agency offers expert guidance and tailored solutions to make this process smooth and effective.
Identify Gaps and Strengthen Protection
Over the course of a year, your group may have grown, changed direction, or taken on new risks. Whether you’ve added members, expanded operations, or invested in new equipment, your insurance coverage should reflect those changes. Amalgamated Agency helps Taft-Hartley clients conduct a thorough review of their existing policies, including fiduciary liability, ERISA and crime bonds, property, general liability, cyber, workers’ compensation, and umbrella coverage.
This review often uncovers areas where coverage may be outdated or insufficient. For example, a union that added remote employees may need to adjust its cyber liability policy. Amalgamated Agency’s team works closely with clients to understand their current operations, benchmark and recommend updates that align with their risk profile.
In addition to identifying gaps, this check-up is a chance to evaluate whether your coverage is structured efficiently. Are you paying for overlapping policies? Are deductibles and limits appropriate for your financial situation? Amalgamated Agency provides clear, actionable insights to help you make informed decisions.
Take Advantage of Market Opportunities
Insurance markets fluctuate throughout the year, and Q4 often presents opportunities to secure better rates or terms. Carriers may offer incentives for early renewals or bundling policies. Amalgamated Agency leverages its strong relationships with top insurers to negotiate favorable terms on behalf of our clients.
Our team monitors market trends and regulatory changes to ensure your coverage remains competitive and compliant. Whether you’re in construction, healthcare, retail, or professional services, Amalgamated Agency understands the unique risks of Taft-Hartley Health and Welfare and Retirement Plans and tailors solutions accordingly.
Prepare for a Strong Start to the New Year
A year-end insurance review isn’t just a routine task, it’s a strategic move that sets your union up for a more secure and cost-effective year ahead. By identifying coverage gaps and optimizing your policies now, you can minimize surprises and ensure your protection keeps pace with your evolving needs.
That’s why Q4 isn’t just about closing the books, it’s a chance to take strategic action. With expert support and a consultative approach, your insurance strategy will align with your goals and safeguard your assets. A year-end check-up is one of the smartest steps you can take to protect your business and prepare for what’s next. Let Amalgamated Agency help you start the new year with confidence.