The System <3
What is the main rating factor for HNOA coverage on a BOP or a Custom Protector?
The policy liability limits
Name one example of a scenario that would be covered by HNOA liability.
Team's discretion
What is the main rating factor for Hired Auto Liability on a commercial auto policy?
The cost of Hire ($)
Which of the following industries have the 3 highest HNOA Loss Ratios? (Pick 3, no order required)
Construction (92%) Vehicle Dealers, Rentals, and Repair (84%), Wholesalers (87%).
What is the main rating factor for Nonowned Auto Liability on a commercial auto policy?
This website could be used to verify the number of power units owned by the insured.
SAFER
What Classification will trigger a system decline when the insured has greater than $1M in annual sales and greater than 10 employees?
Real Estate Agencies
Name one way you as the underwriter could verify or assess the true HNOA exposure (outside of what is submitted on ECliq):
Team's Discretion
The system will trigger a referral when the hired auto cost exceeds this value.
$10,000
Name one of the two operations / classifications that have different or specialized rating factors in the system for HNOA coverage.
Auto service / repair operations and Social Service Agencies