Personal Lines Team Overview and Key Products. Bill Tormey Denica Klein

Transcription

1 Personal Lines Team Overview and Key Products Bill Tormey Denica Klein

2 Agenda About GUS Products The Online Process Other GUS Products Agent On-boarding Processing Questions & Answers

3 About GUS Founded in 1928, Griffin Underwriting Services is recognized as a powerful market resource for brokers and agents, giving them the opportunity reach out to the insurance buyer in innovative, cost-effective ways. GUS was one of the first Surplus Line Brokers in the region to be granted binding authority by Lloyd's of London. Griffin has been working with Ivantage/CEM for 7 years.

4 Personal Umbrella Portfolio of Products Six Umbrella Products Preferred Umbrella Standard Umbrella High Risk Umbrella High Profile/Celebrity Umbrella Special Farm/Ranch Owners product Excess Personal Umbrella

5 Selling Personal Umbrella Stand Alone Unique Risk Characteristics High Risk High Profile LLCs, Trusts, Estates Higher Limits Broader Coverage

6 PUP Product Differentiators Product Differentiators Broad definition of bodily injury No self insured retention; no aggregate limits Pre and post judgment interest Covers Vacant Land Covers locations rented to insured $10M Primary Umbrella limit and $10M Excess Umbrella limit

7 Personal Umbrella Process Differentiators Multiple quote options including online, telephone and in-house Prefilled applications Direct Bill available for admitted Umbrella Automatic renewals No renewal applications or material information forms We pay for all MVRs

8 Comprehensive Personal Liability Product Differentiators Monoline premises liability 1-4 family dwellings owner or tenant occupied Several limit options up to $1M Multiple risk locations Personal injury including wrongful eviction Short-term rentals Vacant land Trusts, Estates, LLCs, Family Partnerships

9 Excess Comprehensive Personal Liability Gap coverage between underlying primary premises liability and underlying Umbrella requirement Excess premises liability coverage Several limit options available up to $5M Same broad eligibility as Comprehensive Personal Liability

10 When will I need these Products? Customers with more than 4 rental properties Customers with rental property insured by carriers other than Allstate Customers without both primary home and standard auto policies insured by Allstate (non-catastrophe markets) Customers without primary standard auto policies insured by Allstate (catastrophe markets) Customers with Allstate non-standard auto Customers seeking umbrella coverage in excess of $5M

11 When will I need these Products? Customers who only have a commercial auto policy Customers who do not own an automobile Customers whose primary auto has a named driver exclusion Customers with more than 8 automobiles Customers seeking excess liability products not fulfilled by umbrella policy

12 What if I have more than 15 Locations? If you have a customer with more than 15 Locations WE CAN STILL HELP! We will need to write to the underlying locations on a commercial liability form and then write a commercial umbrella over the top. Ask your Underwriter for more details.

13 Dwelling Package Property and liability package 2-4 family owner occupied 1-4 family tenant occupied Basic and special form coverage available Property limits up to $750,000 Protection class 1-8 Up to 15 locations on one policy

14 Premier Dwelling Package Designed for higher-valued and better maintained properties More competitive rates Special Form DP-3 coverage Broader coverage including water backup and sump pump overflow Build in last 30 years or recently renovated Protection class 1-6 Available in GA, IN, IL, OH and PA Admitted and Direct Billed

15 Home Based Business Designed to enhance limited homeowner coverage On-premises and off-premises liability coverage Liability coverage limits up to $1M Business personal property coverage up to $100,000 Professional Errors & Omissions sublimit of $25,000 included for specified classes Equipment breakdown coverage included Admitted and Direct Billed Over 150 classes

16 Condominium Unit Owners Owner occupied condominium units Tenant occupied condominium units Secondary, seasonal, or short-term rentals Located in coastal areas (excluding wind and hail) Eligible named insureds include individuals, trusts, partnerships, LLCs and Estates

17 GUS Online Quotes

18 Online Quote System (888)

19 Web/Phone Quoting Products Available Personal Umbrella Excess Personal Umbrella Comprehensive Personal Liability Excess Comprehensive Personal Liability 1-4 Family Dwellings Condominium Owners Home Based Business Dial (888) for an Instant Quote!

20 GUS Commercial Products Available to Allstate General Liability Commercial Property Limited Wind Appetite Commercial Auto (10 Power Units Minimum) Contractor s Liability Inland Marine Umbrella Directors and Officers Errors & Omissions Employment Practices Liability Builder s Risk Special Events Pollution/ UST

21 Agent On-boarding Processing Complete the Producer Registration Form Receive welcome from GUS with registration link and Agency Code Complete the registration process START WRITING BUSINESS

22 Questions?

23 Where to Get More Information USLI Instant Phone Quote (888) Password & Technology Questions Bruce Spong Accounting Questions Kevin Grimm For More Questions Underwriting & Policy Issuance Marci Sherk Jessica Rodriguez