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We have several “A“ rate markets available for this line:
Eligibility:
Over 500 Classes Available (Virtually all classes of businesses are entertained)
Hotel / Motel
Restaurant
Artisan Contractors
Agricultural
Manufacturing
Retail / Wholesale
Coverage / Highlights:
$10,000 SIR
Revenues Between $10,000,000 and $750,000,000
Underlying Carriers Must be Rated A-VII or Better
In House Rating Available ( Certain Classes are on a Submit Basis Only)
Underlying Carriers Must be Rated A-VII or Better to be Eligible
Defense costs must be out side of the GL policy limits!!
Excluded Classes:
Aviation
Health Care Pharmaceuticals
Critical Auto Parts
Residiential Builders
Benefits / Limits / Minimum Premiums:
Limits up to $10,000,000 (online quoting)
Limits $11,000,000 up to $25,000,000 ( Referral)
Premiums as low as $500
Depending on the Account Limits of up to $50,000,000 may be Available
NOTE: For submission and renewal information guidelines please click on Umbrella Submissions!
New Umbrella Submission information needed to quote:
One of our carriers for whatever reason sends out a notice that they may not be offering renewal this does not mean they are not it is just a catch all on compliance issues they have in various states.
We are making an attempt to change this situation as it does create alot of confusion!!
1. Completed Acord applications (125, 131)
* Annual Payroll
* Gross sales lst 3-years
* Number of employees
* Years in Business
NOTE: Defense costs for the underlying GL must be outside of the policy limits!!
2. Provide copies of the underlying GL carriers quotes or expiring policies dec page
and terms and conditions.
3. Provide the underlying GL premium and Auto Liability Premium and if applicable.
4. 5-Years of currently valued loss runs for all lines of the underlying carriers.
5. Detail explination of the risks operations
6. Detailed explination of losses over $25,000 to include steps taken to prevent reoccurence.
7. D & B number (Helps)
For the standard market carriers all underlying carriers must have at least an A-VII rating
Please remember the above information is required by the carrier. I can get a general premium indication with limited information to start with but in the end I will need to have the above information to bind.
RENEWAL OF AN UMBRELLA POLICY
Completed Acord applications (125, 131) Updated
* Annual Payroll
* Gross sales lst 3-years
* Number of employees
* Years in Business
NOTE: Defense costs for the underlying GL must be outside of the policy limits!!
2. Provide copies of the underlying GL carriers quotes or expiring policies dec page
and terms and conditions.
3. Provide updated underlying carriers premiums
4. 5-Years of currently valued loss runs for all lines of the underlying carriers.
5. Explination of any changes in the operations, purchased of companies etc.
6. Detailed explination of any loss of 25,000 or more to include preventative steps taken!
I generally will have renewal policies 60-days out so once you have the information please do not hesitate to send it in.
whoover@theinsurancelink (Bill) or clinkjr@theinsurancelink.com (Chuck) |