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Underwriting
Criteria
- States available: AL,
CT, DE, IL, IN, KA, KY, LA, MA, MD, ME, MI, NC, NH, NJ,
NY State (will NOT write business in NYC),
RI, TN, TX, VA, VT and PA
- All job classes and
phraseologies must be eligible
- No laboratories
- No Religious Organizations
- No Airport Exposure
- No
placement services or temporary agencies
- No seasonal operations
- No 24-Hour operations
- No Boat Rentals
- No Recycling Centers
- No Convenience Stores
Reasons
for Rejection
The following are the most common reasons for rejection in the program:
- At least one class
code is not eligible (see approved class codes)
- Less than 3 years
field experience for start-ups
- Unfavorable loss experience,
debit mod or insurance score
- Answers to the general
information questions are not acceptable
Effective
Date Information
The proposed effective
date must be the date that the application was received at the Number One
Insurance Agency, Inc. or a date thereafter.
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Underwriting
Criteria
- Office/Retail/Service/Miscellaneous
Classes – No Requirement for years in business.
- Construction/Manufacturing
Classes – Minimum of 3 Years
- Require “Master” Electrician / Plumber
- Part-time
employees are eligible.
- Maximum
of 20 employees per location
- All
insured’s using an Independent Contractor, must retain certificates
of insurance.
- No
risks located in buildings over 25 stories tall
- No
24 hour operations
- No
Workers under 16 years or over 70 years of age
- No
Insured sponsoring athletic teams in which employees participate
- No
owned or chartered aircraft
- No
employee group transportation or vanpool arrangements
- No
lifting or loading/unloading of heavy objects
- No
employee leasing companies or temporary-help agencies
Coverage
Restrictions
- No
coverage for employees based outside of MA [under 180 days/year is acceptable]
- No
Federal Employers Liability Act
- No
Longshoreman’s and Harbor Workers Compensation Act
- No
Outer Continental Shelf Land Act
- No
Defense Bases Act
- Non-Appropriated
Fund Instrumentalities Act
- Maritime
coverage including the Jones Act
- Foreign
Voluntary Compensation with or without Reparation
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Underwriting
Criteria
- Start-up operations
must have 2 years of background and experience
- Minimum premiums (manual,
unmodified, undiscounted)
Contractors $6,500
Truckers $10,000
All Others $3,500
- Maximum premium $135,000
- Maximum Experience
Mod <1.79* Subject to
underwriting
- States available: AL,
CO, CT, GA, IL, IN, KS, LA, MA, MD, MO, MS, NH, NY, NC, PA, SC, TN, TX,
VA and VT
- All job classes and
phraseologies must be eligible
- No laboratories
- No placement services
or temporary agencies
- No Franchises
- No 24-Hour operations
Common
Reasons for Rejection
The following are the most common reasons for rejection in the program:
- At least one class
code is not eligible (see approved class codes)
- Premium too small
- Start-up operations
with less than 2 years of background and experience
- Class or premium shown
on application is inconsistent with rating data sheet
- Unfavorable loss experience
- Answers to the general
information questions are not acceptable
Effective
Date Information
The proposed effective
date must be the date that the application was received at the Number One
Insurance Agency, Inc. or a date thereafter. |
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