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Product Profiles
Product
Profiles were developed to provide our agents information about the many
classes of business we are willing to write. They are intended to be
used only as guides to available classes. It is not a complete
underwriting manual and should not be relied on as such. Each profile
is broken down into three sections. Information contained in each
section is as follows:
Targeted
Types Of Business:
In this section we
describe the typical risk characteristics specific to this class;
attributes we feel are desirable from an underwriting standpoint. We
also try to provide specific types of business within the target class.
Underwriting Concerns:
We try very hard to
avoid the NO's in this section. We provide here the negative
characteristics we find common to the given target market. The presence
of any one of these characteristics may not make a risk ineligible.
However, multiple negatives should give rise to concern about the
acceptability of the risk.
Program
Features:
We attempt to
describe the programs available for target markets (i.e. SMP, Commercial
Fire & Liability, etc.). The basis for rating each class is provided in
most cases.
The best idea
for Commercial risks is to obtain the square footage for all exposures
and the amount of receipts for products. When dealing with businesses
that provide services, obtain the amount of payroll and the actual
receipts for those services. For Personal Lines, place make sure your
application includes a photo and a current Dryden Square Foot Estimator.
Click here for a complete
list of Product Profiles |
