Inland Marine
Who is your territory manager? Hint- me
Debbie Martin
Does a primary line of business need to be written to issue an Inland Marine policy?
No! Inland Marine policies can be written as a monoline policy.
Is Liberty interested in writing cranes?
No!
What is our preferred radius of operations for Motor Truck Cargo?
500 miles
Who is your Inland Marine UW? Hint- He did the presentation!
Reid Cummings
What is an example of a Targeted Builders Risk Renovation Project?
residential homes schools
restaurants retail
gyms
offices
municipal
Does Liberty write stand-alone leased or rented equipment coverage?
No
Are commodities hauled scheduled on our Motor Cargo form?
No!
What is the Inland Marine Minimum Premium?
$500
Do I need to have equipment scheduled on a contractor's equipment policy in order to add leased or rented coverage?
Yes! *You will also need to know annual rental expenditures in order to ad the coverage.
The Contractors Equipment Extension Endorsement provides replacement cost valuation on pieces of equipment that are less than ___ years old
Less than six years old
What is our "catch-all" floater coverage called?
Scheduled Property Floater (SPF) or Miscellaneous
Can you get Instant Incentives for all Inland Marine policies?
Yes! You must enroll and active via the agency portal.
What is the new business commission for Builders Risk policies in NJ?
18%
What is the charge for the Contractors Equipment Extension Endorsement?
$75 flat fee
What is the installation floater primarily rated from?
Annual installation receipts and jobsite limit
What is the new business commission for Non-Builders Risk policies in NJ (Motor Cargo/Floaters/Contractors Equipment?
15%
What is the flat cost for the Builders Risk Extension Endorsement?
$75
What is the purpose of adding a Named Customer Endorsement to a Motor Cargo policy?
To provide a higher limit for a particular customer with low impact to premium
What type of policy covers trains?
Rolling Stock Coverage which is an SPF + and endorsement