When underwriters think about risk, fire and theft come to mind. However, one risk that might be overlooked is improperly underwriting multiple named insureds. Yet the named insured is a key element in any commercial insurance policy. Who is considered…
Read More
One of the questions a commercial lines underwriter hears most is, “Is your umbrella follow-form?” Basically, will it only increase the limits of my current coverage (follow-form), or will it also offer some additional coverage (umbrella)? Of course, the answer…
Read More
Category: Accident, Auto, Business, Commercial, Liability
Tags: business owner, commercial, commercial auto policy, commercial insurance, commercial umbrella policy, commercial underwriting, excess policy, self-insured retention
I’m pretty sure not too many people have asked themselves that question, but I have because I’ve been in the insurance industry for (obviously) too long. But, not only that, but what kind of insurance would Santa need, and for…
Read More
Category: Auto, Business, Claims, Commercial, Employees, Liability, Personal, Risk Management, Weather
Tags: auto insurance, auto policy, business auto policy, business insurance, business owner, claim, commercial building, Commercial general liability, commercial insurance, commercial lines underwriter, commercial property, commercial underwriting, coverage, errors and omissions, insurance, insurance claim, insurance underwriter, Personal, personal auto coverage, personal auto insurance, personal auto policy, personal injury, personal insurance, personal lines underwriter, professional liability, protecting business property, Santa, Santa Claus, underwriter, workers' comp claims, workers' compensation
Underwriting is about people. We have to connect with, influence, talk to, and build relationships with an array of people, including agents, producers, account managers, and marketing staff to achieve positive outcomes. At times, we even interact with the policyholders….
Read More
Commercial property premiums can vary widely from class to class. Additionally, some carriers will not insure certain classes due to the inherent dangerous exposures associated with their operations.
Read More
Category: Business, Central, Commercial, Saving Money
Tags: combustibility, commercial property premiums, commercial underwriting, construction, COPE, exposure, joisted masonry, masonry non combustible, modified fire resistive, non combustible, occupancy, protection, Public fire protection rating, susceptibility