Builders Overview
The rating Builders received from AM Best
What is an A Rating?
Departments impacted by Sales Operation
What is All Departments? (Sales, Underwriting, Marketing, Finance)
The largest portion of Builders distribution, these professionals sell and service insurance policies for carriers
What are Independent Agencies?
Whether they write personal, commercial, life, or specialty lines, these companies ultimately assume the insurance risk transferred by the policyholder.
What is an Insurance Carrier?
This department recruits employees, manages benefits, and supports workplace culture
What is People Operations?
These two states are the regions that Builders operates the most in
What are Georgia and Florida?
Location of Sales Operation within Builders' organization structure
What is Marketing and Sales & Distribution?
This key performance metric measures the increase in premium volume generated by an agency or territory over a specific period
What is Premium Growth?
This key factor in portfolio management aligns investments with long-term obligations
What is Duration?
This department evaluates risks and decides whether to provide coverage, under what terms, and at what price
What is Underwriting?
The coverage gap that Builders was founded to reduce
What is Workers' Compensation?
Sales Operations often uses this system to track opportunities, customer interactions, and sales activity
What is a CRM?
What is the Quote-to-Bind Ratio?
This key financial metric determines real revenue generated after claims and expenses
What is Net Premiums Earned?
This department investigates losses and determines what benefits are payable under a policy
What is Claims?
The top construction classes at Builders
Trade Contractors, Light Commercial Builders, Residential Builders, Electricians, Remodelers
Financial reward program managed by Sales Operation
What is Profit Share?
This practice involves identifying underpenetrated geographic areas or market segments to increase distribution and market share
What is Territory Planning?
These factors are considered during rating by AM Best
What are Balance Sheet Strength, Operating Performance, and Business Profile?
This department manages premium payments, commissions, and financial records
What is Accounting?
The association that endorsed Builders' self-insurance fund in 1992
What is the Home Builders Association of Georgia?
What is Agency Licensing?
What is Retention Rate?
The underwriting metric that compares incurred losses to earned premiums
What is a Loss Ratio?
This department reviews a business's actual payroll, sales, and operations after a policy period to ensure the correct premium was charged
What is Premium Audit?