We try to obtain as much information as we can from you during your first conversation. with us. However, the insurance company underwriter may have additional questions.
With this information, we will be able to determine what carrier(s) will best fit your needs and provide you with the best price. In some cases; it will take a few phone calls and completing several applications to get you the best quote.
The questions vary, depending on the type of insurance you need. For instance, we will not ask you to provide information about your companies vehicles, if you need a quote for Workers Compensation.
Here are some examples of questions we may ask:
1. Annual gross receipts (all coverage types)
2. Annual Employee Payroll (commercial liability, workers' compensation, E&O)
3. Description of business operations (all coverage types)
4. Sub-contractor costs (commercial liability, E&O)
5. Vehicle make, year, model (commercial auto, truckers)
6. Miles driven annually (commercial auto, truckers)
7. Federal Employee I.D. Number (F.E.I.N.) (workers' compensation, liability)
8. Social Security number (for bonds & occasionally commercial auto)
9. Square footage of building (commercial property, BOP)
10. Year of construction (commercial property, BOP)
11. Building improvement information (commercial property, BOP)
12. Loss history (all coverage types)
13. Past, current and projected gross receipts (commercial liability, professional liability)
|