Small Business Insurance Solutions - AmTrust North America

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Workers’ Compensation Submission / Loss Run Requirements Submission Requirements For underwriting review, provide the following information: • Complete ACORD application including insured’s FEIN and a good description of operations • A premium schedule from our Web site with the premium you need • A completed questionnaire from our Web site • Any appropriate narrative that clarifies the operation and experience of the risk • Loss runs as described in this document Underwriting Guidelines To be eligible for consideration, each risk must have: • At least one full-time employee (in addition to the owners) generating a premium of $500 • Fewer than 75 employees at a single location at the same time • Loss ratio less than 40% in the experience period (calculated by average annual losses divided by quoted premium) • Generally 3 years in business with workers’ compensation coverage and loss run history Loss Run Requirements New Ventures For new ventures—businesses with no prior coverage or businesses with less than 3 years prior coverage— the businesses must: • Employ one full-time employee other than the owner(s) • Fall within one of the eligible business operations listed below Eligible business operations: • Professional Office Exposures o Doctors o Dentists o Lawyers o Accountants o Insurance agents o Computer programmers o Consultants with primarily office exposures • Beauty & Barber Shops/Salons, etc. • Retail Store Operations o Sale of new merchandise o Close at 9:00 p.m. o No delivery AmTrust North America An AmTrust Financial Company Continued on reverse... We’re (sm)all business. SM
• Restaurants o Liquor receipts less than 50% of total receipts o Not open past midnight • Laundry/Dry Cleaning with no vehicle exposure • Motels: Franchised o Must have at least one full-time employee other than owner(s) o Targeting fewer than 12 employees unless part of a franchise program Businesses with Prior Coverage: • For retail stores, professional office exposures, motels, restaurants, laundries and beauty shops: o Our preferred submission guidelines require that you submit the current year plus the past three loss runs. o If the “preferred submissions” information is not available, AmTrust will accept the following: n Premiums under $5,000: n Current year loss run n Loss statement for prior years if loss runs not available n If bureau promulgated merit credit: n Current year loss run n Premiums between $5,000 and $25,000: n If experience modification is less than 1.00 n Current year loss run n If experience modification is greater than 1.00: n Current year and prior three years loss runs OR n Current year loss run and experience modification worksheet For All Other Risks: • Loss runs for current year and three prior complete years OR • Loss runs for current year plus the experience mod worksheet • Consideration will be given for risks in business a minimum of three years with prior coverage AmTrust North America An AmTrust Financial Company MKT0415 04/10 We’re (sm)all business. SM
Page 1 and 2: Capabilities Small Business Insuran
Page 3 and 4: AmTrust North America is wholly own
Page 5 and 6: Online Tools At AmTrust, we strive
Page 7 and 8: Claims Service Close to Home In add
Page 9 and 10: Regional Office Locations and Conta
Page 11 and 12: Enrollment: Signing up is simple -
Page 13 and 14: AmTrustWorkplace.com AmTrust North
Page 15 and 16: AmTrust Workplace FAQs Frequently A
Page 17 and 18: AmTrust Workplace AmTrust Workplace
Page 19 and 20: Commission Rates As an AmTrust agen
Page 21 and 22: • Hotels o Franchised, business-t
Page 23 and 24: Commercial Package Submission / Los
Page 25 and 26: Commercial Package Farm & Ranch The
Page 27 and 28: Workers’ Compensation Preferred /
Page 29: Workers’ Compensation Authority A
Page 33: For All Other Policy Prefixes: In t

Small Business Insurance Solutions - AmTrust North America

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