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What is a Named Insured in Underwriting?

named insured

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…

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Excess Policy or Umbrella Policy? What’s the difference and which is better?

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…

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What if Santa Claus needed to buy insurance?

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…

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Taking Pride In Your Tradecraft As An Underwriter

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….

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COPEing with Commercial Property Premiums

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.

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