OWNER PAYROLL
What is the owner payroll in the state of Georgia?
What is 24,400
What does CET stand for?
What is Commercial Eligibility Tool
What are some resources found in the Micro Business Core Client Resource Guide?
What is Fact Finders, Photo Guides, Questionnaires, How to guides for BOP/CPP
Do you create folders in email to track commercial quote progression?
What are the most common BOP risks that Reps do not have the authority to quote in the system?
What is full service restaurants, Buildings w/ values over 2 million. Condos, Apartments again w/ higher building values.
What would the payroll be for two owners who are active in the business trades? No other employees
What is 48,800
What is the purpose for the CET?
The CET Shows the rep the risk type, BOP/CPP and it also shows what types of deductibles should be applied.
What two lines of business does the Sharepoint Hub support?
What is Farm/Commercial
You have a client and he has been operating w/out insurance for the last year because he didn't realize he needed insurance until a job required it. Is this risk eligible w/ Country?
99% of the time...What is NO
Can underwriting issue a policy without the loss history?
What is NO. If the risk is not a start up, Reps should be submitting the loss history to their underwriter or with signed applications
Calculate the payroll for this contractor risk.
2 owners
2 full time employees that make a total of 100k
Sub Cost(labor & Materials) 25000. The subs do have insurance so they are eligible.
What is 173800
If the Rep doesn't have all the rating info to quote but wants to know if a business is eligible, can a Rep proceed with the CET?
What is Yes!
The CET determines eligibility as long as the info is entered correctly. It can be saved in WIP and returned to when rating info has been obtained.
Where can a Rep find these guides?
What is the under the signature in email from Amity Humphrey. Then you hopefully find in Favorites because you saved them.
A customer walks in your office and wants Auto only quote for their commercial business. Can you write them?
What is...Only if the underlying business is eligible and if we have their commercial business through COUNTRY or brokerage. Good loss history and MVR
Should the Reps read the BOP New Business Instruction Sheet or the instructions on the email before submitting?
What is YES! Please use the resources available to make sure your New Business submission can be issued. Photos, Loss History, Supplements almost always need to be provided before submission.
If a contractor uses insured subs more than 25%, will they have a BOP or CPP policy?
What is CPP
You have a lessor risk shopping center and want to quote this risk. They have 8 different occupants. Should you input each occupant in the CET?
Yes, this allows the CET to take the quote to the right policy the first time. It will also determine if certain occupants are not eligible. Ie Bars
Where is the Commercial Training Journey located?
What is the Sharepoint Hub-Commercial.
Does the start up date effect the rate?
Your client wants to change the effective date for the quote and the payment plan. Can the Rep write that on the billing info supplement sheet?
What is Yes, the rep can plainly write any changes to the policy, on the apps that will be submitted either fax or to PCOdocumentation.
If a Paper Contractor uses subs 100% of the time and does not require their subs to carry their own insurance, would this be BOP or CPP?
What is ineligible. We want contractor risks who either select subs that have insurance or have the same subs they use and just pay under 1099. Charged under employee payroll
You have done the CET and it shows the risk is eligible under CPP. Whose name do you put in the box so you can proceed? You have not spoken to anyone because you didn't get any flags.
What is the Sales Team Tool Kit?
You are submitting a quote for a new business, there is no website, no building reports etc. Where should you advise the underwriter about the details of the risk?
What is The CET box on the scoring page or the text box before you submit to quote. There is a character limit on the business description. This can help prevent writebacks.
A rep submits a New Business Application w/out providing photos, loss history and filled out supplements. How long does the Rep have before it's rejected?
What is 8 days. These items should be submitted either up front or with the new business apps, but if not, the Rep will have 8 days to obtain before rejection and rewrite will need to occur.