The situation
General liability, professional indemnity and vehicle policies expire on different dates across the year. A lapse can also breach a client contract that requires continuous cover.
Use cases
Insurance expirations
Policies that must be renewed or replaced before cover lapses.
Fields recorded
- Insurer and policy number reference
- Policy period end date
- Renewal or re-quote deadline
- Premium and currency
- Required cover level, where a contract sets one
- Responsible owner
What you confirm
You confirm the expiry date and whether the policy renews automatically or requires an active renewal.
Reminder and action
Reminders give time to gather quotes; the 30 and 14 day reminders are usually the ones that trigger the renewal call.
Limitations
PactOrbit is not an insurance broker and makes no assessment of whether cover is adequate.