Good information for all of us!
Over my 29 years, I have learned a few things and I would like to share some of those items with you. Take them or leave them, they may help you out too.
- Take a little time to learn about the prospective account. I have worked on many accounts where the “story changed” two or three times before getting down to what the account really did. It is tough when a rush item is sent in, then going back and forth with the underwriter after the “story changed” when we asked more questions. This causes the underwriters ears to “perk up” and they feel they need to dig deeper in order to have a comfort level.
- Sometimes coverage is available on admitted paper. Do not assume just because you are going to s surplus lines broker that they will always use non-admitted paper.
- Find out what endorsements you will need…
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