adults in a meeting. shop for insurance with robert harder consulting inc.

How Often Should I Shop My Insurance?

There is no easy answer, but I will offer some insight.

If you are a public entity, you probably have a purchasing bylaw which requires you to tender goods and services based on a variety of criteria, such as size of contract and frequency, if more than $10,000 and at least every three years.

At the very least, most business should conduct a Request for Proposals at least every five years, but there are exceptions which I will address.

Here are some things you should address first:

– How well am I being served now?
– Has pricing changed much since our last RFP?
– Does my provider investigate alternatives frequently?