AmTrust BOP Manual - AmTrust North America

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AMTRUST BUSINESSOWNERS POLICY UNDERWRITING / PRICING GUIDE Welcome to the AmTrust Businessowners product. Our goal is to provide excellent coverage, at fair prices, with ease of use. Thank you for considering our product. CUSTOMER CARE AND POLICY MAINTENANCE If you require assistance with your account please contact your Account Representative or Underwriter as appropriate. Please contact our Customer Service Center at 1 (877) 528-7878 or online at: help.desk@amtrustgroup.com with any system issues. Requests for endorsements and cancellations: amtrustendorsements@amtrustgroup.com Requests for time sensitive policy corrections: ANA2fix@amtrustgroup.com QUOTATIONS, UNDERWRITING ACCEPTABILITY AND BINDING Eligible risks may be quoted by Agents Online at: www.amtrustgroup.com Both Property [building and/or business personal property] and Commercial General Liability covering that property must be provided under the AmTrust BOP Policy. Omission is not authorization, so please refer any risk that is not clearly shown as eligible to avoid any awkward situations. Upon binding new business appointed Agents will receive a policy number and a pdf policy will be emailed to the Agent within 24 hours. A hard copy policy will be mailed to the agent within 5 business days and any invoices for payments will be mailed directly to the Insured. Agents that first bind policies, not those that first quote, are considered the Agent of Record, any multiple bindings will be resolved as such barring any Record of Agent letters. Renewal quotes and policies will be issued directly to Insured’s with notification to the Agent. ELIGIBILITY TYPES The following types of businesses are generally eligible for coverage: Apartments, Residential Condominiums and Townhouses Convenience Food Stores Grocery Stores and Supermarkets Motels Offices Restaurants – Currently only Fast Food and Limited Service Mercantile/Retail Self Storage Service and Processing Store Wholesalers Lessors Risk (LRO) eligible occupancies excluding all Motels or Restaurant Risk Types AmTrust Financial Services, Inc. 12.15.10 Page 2
Contractors are currently NOT Eligible. Refer to the Acceptability Criteria Section for specific class information. POLICY TERM Policies will be written for a term of one year All policies, regardless of term, will be renewed on an annual basis using rates and forms filed and in effect at the inception of the renewal term PREMIUM BILLING All policies will be issued on a Direct Bill basis There are a number of payment frequency options available ANNUAL RATES All rates and premiums in the BOP automated system are annual rates CANCELLATIONS Return premium will be based on a pro rata basis If any portion of the policy is adjustable, a final premium determination by audit will be made TRANSFER OF RIGHTS/POLICIES Our policies are not transferable New owners must make application and be underwritten for their own insurance The policy must be canceled effective the date the business is sold TOTAL INSURED VALUE (TIV) The total insured value for any one location includes building, business personal property, business income and extra expense o For Business Income and Extra Expense determination use 50% of the business personal property limit or $500,000 whichever is less MINIMUM PREMIUM o If no BPP is insured, use $100,000 The minimum premium charge is $500 per policy including any Expansion Endorsements AmTrust Financial Services, Inc. 12.15.10 Page 3
Page 1: AmTrust BOP Manual Underwriting & P
Page 5 and 6: SCHEDULED RATING PLAN Schedule rati
Page 7 and 8: Businessowners Coverage Form BP 00
Page 9 and 10: Coverage Coverage Type Businessowne
Page 11 and 12: ADDITIONAL INSURED Additional Charg
Page 13 and 14: BOP ELIGIBILITY GUIDELINES GENERAL
Page 15 and 16: ‣ Check cashing ‣ Playgrounds
Page 17 and 18: ‣ Utility offices (including elec
Page 19 and 20: SELF-STORAGE FACILITIES Square Foot
Page 21 and 22: PROGRAM Grocery Stores Grocery Stor
Page 23 and 24: PROGRAM Mercantile Mercantile Merca
Page 25 and 26: Mercantile PROGRAM DESCRIPTION CLAS
Page 27 and 28: PROGRAM DESCRIPTION CLASS CODE SIC
Page 29 and 30: Mercantile Mercantile PROGRAM DESCR
Page 31 and 32: Office Office Office Office PROGRAM
Page 33 and 34: PROGRAM Processing and Service DESC
Page 35 and 36: PROGRAM Processing and Service Proc
Page 37 and 38: Wholesale PROGRAM DESCRIPTION CLASS

AmTrust BOP Manual - AmTrust North America

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