Coverages
Run off period that should be purchased when lapsing an E&O.
What is extending reporting period?
The line Status for a Builder's Risk once complete
What is PLB?
END used when carrying passengers for compensation or hire.
What is SEF 6A, B, C?
Biggest cyber threat to a companies security.
What are Employee errors?
Two standard markets quoting cyber on all renewals.
Who are Northbridge and Aviva?
Policy type that covers incidents that occur and are reported within the policy's timeframe.
What is Claims Made?
Privacy Consent Forms and Niche Codes are found here.
What are Agency Defined Categories?
When a driver is has multiple major convictions and isn't permitted to drive.
What is SEF 28A?
Phishing attacks that exploit human error.
What is Social Engineering?
Standard market that excludes loading and unloading in their wording. END must be requested.
Who are Travelers?
Insurance that covers the cost to repair or replace machinery, along with business interruption and extra expense.
What is Equipment Breakdown?
Activity left open for the AA once a new liability policy is written.
What is BIND?
Endorsement added to remove coverage for attached machinery.
What is SEF30?
Three key risk management procedures required by insurers for cyber coverage.
What are MFA, employee training and backups?
Two markets that we need to request Accident Forgiveness from.
This type of insurance provides coverage for businesses against claims made by employees related to wrongful termination, discrimination, and harassment.
What is Employment Practices Liability?
Activity used when proactivity increasing coverage.
What is TAP?
This type endorsement allows a policyholder to collect a higher payout in the event of a total loss, by eliminating depreciation and covering the full replacement cost of a new vehicle.
What is SEF 43R?
A type of malware which prevents you from accessing your device.
What is Ransomware?
Standard market that requires CEF to be scheduled on the auto policy without an END.
What is Intact?
Three components covered under Ordinary Payroll.
What are
Salaries and Wages,
Bonuses and Commissions &
Employee Benefits
The stage you leave Policy Works after starting the renewal or remarketing workflow within Policy Works.
What is Binder?
Separate vehicle noted on FA docs when operating a trailer that isn't registered in the company name.
What is Non-Owned Trailer?
This coverage specifically addresses the cost associated with recovering compromised data, including the expense of restoring, replacing or recreating data following an attack.
What is data recovery or data restoration coverage?
Contingent Coverage for Licensed CEF is required on the P&C policy.
What is Travelers?