Beef Processor: Rebuilt a Fragmented, Overpriced Program and Saved ~$3M
- 18 hours ago
- 2 min read
Key Wins
~$3M Program Savings
Reduced total premium across all lines through a complete program restructure
and elimination of unnecessary broker layers. 5 Critical Coverage
Gaps Closed
Identified and corrected five critical gaps, including missing BI/EE coverage, key coverage exclusions for human consumption, and underinsured equipment.
Moved From Entirely E&S
to Admitted Package
Property, Business Auto, General Liability, and Lead Umbrella placed with a single admitted carrier for the first time, replacing a fragmented non-admitted structure.
The Situation
One of the country's largest beef processors was facing increased premiums, lack of options, and difficulty obtaining adequate insurance. Despite its scale, the company's insurance program had never been competitively marketed or structurally optimized. The expiring program totaled approximately $6M+ in annual premium, placed inefficiently — resulting in high costs and coverage deficiencies. Five critical coverage gaps existed: the casualty tower carried communicable disease exclusions with no human-consumption carve-back, and Business Auto was priced at nearly double the for-hire benchmark.
The Cottingham & Butler Approach
C&B conducted a full program audit, benchmarking analysis, claims review, and commissioned risk engineering reports ahead of marketing. Our dedicated Food/Ag expertise and strong niche presence in the meat slaughter/processing space delivered an estimated ~$3M in projected savings across all lines.
Property was consolidated into a single master policy for the first time, resolving all five coverage gaps and utilizing stock throughput to leverage capacity. Through our expertise and benchmarking data, we completely restructured the auto and umbrella program for optimal cost savings.
This is a testament to the depth of our expertise and our ability to leverage market data, relationships, and intel to secure the most competitive program the marketplace has to offer for our insureds.