Most companies with 50+ employees are overpaying on insurance by 15-30%. Here's how to tell if that's you:

1. Your broker hasn't shopped the market in 2+ years

If your renewal just "shows up" with a price increase and your broker says "that's just the market" — they're not doing their job. A good broker should be getting 3-5 competitive quotes every renewal cycle.

2. You can't explain what your policy actually covers

If someone on your leadership team can't articulate your deductibles, sublimits, and exclusions in plain English, you're flying blind. That's how companies end up with $500K claims that aren't covered.

3. You're managing 4+ policies across different carriers with no central view

GL, property, cyber, D&O, workers' comp — all from different carriers, renewing at different times. This is where coverage gaps hide.

4. Your premiums went up but your claims didn't

Premium increases without corresponding claims history is a red flag. It usually means your risk profile is being lumped in with worse-performing groups.

5. Nobody on your team has time to deal with it

Insurance gets deprioritized because it's complex and boring. That's exactly why companies overpay — the people writing the checks don't have time to audit what they're buying.

If 2 or more of these hit home, it's time to rethink how you buy insurance.