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UNDERWRITERS GUIDE

HELP HOME | GENERAL INFORMATION | SMALL COMMERCIAL UMBRELLA UNDERWRITING



Policy Wording
Click here for Idaho Sample Policy Wording - ID Sample Policy (Abobe Acrobat PDF)



Coverage
We provide an Umbrella policy form with a $0 S.I.R. and freely offer limits to $5,000,000.

Brokerage Agreement
Here is a link to our agreement. MainStreet Umbrella Brokerage Agreement

New business
You may choose either direct or agency. Commission is 10%
  Direct.   We will issue policy direct to insured with invoice.
      You will be paid commission after payment receipt in form of commission statement.
  Agency.   We will issue both insured and agency copy to you with net invoice.

Renewals
We will directly offer insured a renewal offer 30 days in advance. Commission is 10%

The offer will include options to increase limit up to $5,000,000.
You will be notified when offer is sent. Viewable Online
You will be notified if renewal offer not received.
You will be able to view/print renewal policy online once offer/payment received by us.
You will be paid commission after payment receipt in form of commission statement.

Applications
We will accept information for policy issuance in a variety of methods. We rely on you to keep supplemental questionnaire, signatures and documentation in your files.

Primary Insurer
We accept admitted domestic insurers with A. M. Best's Rating of B+ (VII) or better. We are currently not accepting Lloyds of London.

IT IS OUR AMBITION TO ISSUE/MAIL POLICIES WITHIN 2 DAYS OF YOUR ORDER.
YOUR COMPLETE APPLICATIONS WILL BENEFIT IN CUSTOMER’S SATISFACTION.

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SMALL COMMERCIAL UNDERWRITING

  • If the premium for the first $1,000,000 exceeds $2500.00, we are unable to offer an on-line quotation
    If so, complete in full, explain in remarks and submit. We will contact you.
  • Losses - If more than 3 losses of any kind and/or any loss in excess of $25,000 within the past three years, explain fully in remarks and submit for consideration.
  • Primary Insurers - We accept admitted domestic insurers with A. M. Best's Rating of B+ (VII) or better. We are currently not accepting Lloyds of London.

Apartments
Minimum underlying CGL limit: $1,000,000 OCCURRENCE/AGGREGATE

We write units with hazards that are not out of the ordinary and which are located in favorable areas. Ineligible risks are: any single location in excess of 100 units, buildings in excess of four (4) stories, converted dwellings, non-profit housing, housing projects, institutional housing and housing authorities. We are unable to offer an on-line quotation for such. Please complete in full, explain in remarks and submit. We will contact you.

We require prior to quotation complete details of any building constructed prior to 1968, also include in remarks renovation of plumbing, heating and wiring.

We also require:

  • Working smoke detectors in each unit.
  • All swimming pools must be fenced with self-locking gates and be without a diving board or slide.

Small Rentals
Minimum underlying CGL limit: $500,000 OCCURRENCE/AGGREGATE if no auto exposure, otherwise $1,000,000 OCCURRENCE/AGGREGATE

Separate from the apartment program, we provide coverage for owners of small properties such as single family rental homes, duplexes, triplexes and fourplexes. We write units with hazards that are not out of the ordinary and which are located in favorable areas. Ineligible risks are: any single location in excess of 4 units, buildings in excess of four (4) stories, converted buildings, non-profit housing, institutional housing, a non-profit housing authority, student housing, trailers, has windows with bars, assisted living, senior housing, foster housing or Section 8 housing are ineligible. We are unable to offer an on-line quotation for such. Please complete in full, explain in remarks and submit. We will contact you.

We require prior to quotation complete details of any building constructed prior to 1968, also include in remarks renovation of plumbing, heating and wiring.

We also require:

  • Working smoke detectors in each unit.
  • No swimming pools - Risks with swimming pools are ineligible.

Bed and Breakfast
Minimum underlying CGL limit: $1,000,000 OCCURRENCE/AGGREGATE, if one location. If there is more than one location, the minimum underlying CGL limit must be $1,000,000/$2,000,000 OCCURRENCE/AGGREGATE

We provide coverage for Bed and Breakfast Inns (or B&B), defined as a small lodging establishment that offers overnight accommodation and breakfast. We provide coverage for Inns with a maximum of 10 rentable rooms. Inns offering only breakfast meal services are eligible. Inns also offering lunch or dinner meal services are ineligible.

In order to be eligible, the building must qualify as a residence that is either occupied by an owner, manager or caretaker or has an owner, manager or caretaker occupying another residence on the same premises.

We require prior to quotation complete details of any building constructed prior to 1968, also include in remarks renovation of plumbing, heating and wiring.

We also require:

  • Working smoke detectors in each unit.
  • All swimming pools must be fenced with self-locking gates and be without a diving board or slide.

Ineligible activities/risks are::
  • Horseback riding
  • Long term rental (more than a month)
  • Daily livery service
  • More than 10 units
  • More than 2 locations
  • Rental of watercraft/jet skis/ATVs
  • Parasailing
  • Scuba diving
  • Skiing
  • Snowmobiling

Offices (Occupied by Insured)
Minimum underlying CGL limit: $1,000,000 OCCURRENCE/AGGREGATE

We provide coverage for offices occupied by the insured that do not present more than an incidental products liability, premises operations or off-premises exposure. By service sector, we mean business offices that provide business services, but who may not be professionals.

Our coverage is following form (same as primary) Personal Injury and Products. We exclude Malpractice/Professional Liability. We do not write over claims made primary policies.

We write only the following occupancies:

  • Accounting
  • Dentists
  • Doctors
  • Insurance Agents and Brokers
  • Land Surveyors
  • Lawyers
  • Real Estate Agents
  • Stock Broker
  • Travel Agency
  • Veterinarians

Lessor's Risk Only (LRO)
Minimum underlying CGL limit: $1,000,000 OCCURRENCE/AGGREGATE

We provide coverage for buildings rented to others that present exposures which are considered to be acceptable in accordance with our underwriting appetite. All manufacturing locations are ineligible.

We are unable to offer an on-line quotation if any building or occupancy is;

  • In excess of four (4) stories.
  • Manufacture or incidental storage of flammables, explosives or chemicals.
  • Gas Stations, Auto Repairs, Vehicle or Boat storage, Auto Dealers (new or used).
  • Theaters, schools, day care, churches, auditoriums.
  • Bars, Nightclubs or taverns

Stores
Minimum underlying CGL limit: $1,000,000 OCCURRENCE/AGGREGATE, if one location. If there is more than one location, the minimum underlying CGL limit must be $1,000,000/$2,000,000 OCCURRENCE/AGGREGATE

We will only provide coverage for stores that do not present more than incidental products or off premises exposure. Risks that directly import any products from outside the United States or its territories are ineligible. Any risk with more than 5 retail locations is ineligible. Maximum size of an eligible risk is $3,000,000 in annual sales.

THESE ARE THE ONLY ELIGIBLE CLASSIFICATIONS & QUALIFICATIONS:

  • Art Galleries
  • Artist Supplies
  • Audio/Visual Equipment
  • Bakeries
  • Barber Shop/Beauty Shops Exclude Professional
  • Bath Shops
  • Beverage Shops - No Liquor
  • Blankets/Bedspreads
  • Bookbinding/Printing Supplies
  • Books/Magazines
  • Bric-a-brac Stores
  • Bridal Gowns
  • Camera Equipment/Supplies
  • Candy, Nut, Confectionery
  • Cards - Greeting
  • Ceramics, Pottery, China
  • Clocks
  • Clothing Stores - Clothing manufacturing ineligible
  • Coffee, Tea, Spices
  • Coin & Stamp Dealers
  • Computer Stores - Installation/repair < 25% of total sales
  • Dairy Products - Farm operations ineligible
  • Delicatessens - Liquor sales < 25% of total sales
  • Dental Labs - Medical labs or x-ray labs ineligible
  • Five & Dime Stores
  • Florists, Flowers, Supplies
  • Food Stores NOC
  • Fruit & Vegetable Stores
  • Gift Shops
  • Golf Equipment Stores - Cart rentals ineligible
  • Graphic Arts/Graphic Designers
  • Greenhouses
  • Grocery Stores - Retail
  • Health Food Stores - No relabeling/ or repackaging
  • Hearing Aid Stores - Professional Liability Excluded
  • Hobby & Model Stores
  • Ice Cream Stores
  • Jewelry Stores/Distributors
  • Juices & Syrups - No relabeling or repackaging
  • Kitchen Accessory Stores
  • Lamp Shops
  • Laundries - No Self-Service
  • Leather Goods
  • Lingerie
  • Lithographing
  • Mailing & Address Companies
  • Meat, Fish, Seafood, Poultry
  • Musical Instruments
  • Notions
  • Office Machines - Equipment & Supplies
  • Optical Goods- Professional Liability Excluded
  • Packaging Stores
  • Painting or Pictures
  • Pet Stores/Supplies-No relabeling or repackaging of goods
  • Photofinishing Laboratories
  • Photographers
  • Piano Stores
  • Picture Frames
  • Plant Stores
  • Printing & Photocopying
  • Records, Tapes, Sheet Music & Compact Discs
  • Sewing Machines sales and repair
  • Shoe Repair
  • Shoe Stores/Distributors
  • Silk Flowers/Plants
  • Stationery/Paper Supplies
  • Tailor/Dressmaker/Alterations Clothing
  • Taxidermist
  • Trophy Stores/Supplies
  • Tuxedo Stores
  • Vacuum Cleaner Stores
  • Video Stores

Restaurants/Caterers
Minimum underlying CGL limit: $1,000,000 OCCURRENCE/AGGREGATE, if one location. If there is more than one location, the minimum underlying CGL limit must be $1,000,000/$2,000,000 OCCURRENCE/AGGREGATE

We provide coverage only for specific types of restaurants and caterers, with a preference towards small breakfast/lunch establishments. Liquor Liability will be excluded in our policy.

The following risks are ineligible:

  • Risks open past midnight
  • Risks that have liquor sales that are > 20% of sales
  • Risks that are nightclubs, discotheques, or taverns
  • Risks that have children’s play lots
  • Risks with more than $3,000,000 in sales
  • Risks with more than 4 locations
  • Risks which are Franchise Operations
  • Risk with food delivery (non catering)

Vacant Land
Minimum underlying CGL limit: $1,000,000 OCCURRENCE/AGGREGATE

Up to 250 acres urban land or rural land are eligible.

We do not provide coverage for land where any development activities are underway or planned, or where any revenue or income is generated from use of the vacant land.

Contractors and real estate developers are ineligible risks

Business Automobiles
Minimum underlying Primary Auto limit: $1,000,000 CSL

  • MVR’s are required and an additional premium is charged only for a major violation (influence of alcohol or drugs, reckless driving, hit and run, vehicular manslaughter).
  • Vehicles in excess of 4 tons GVW will not be included.
  • We are not a market for an Umbrella over a stand-alone underlying auto policy only.
Non-Owned/Hired Autos
Indicate only the number of employees regularly using their vehicles on company business.

Employer’s Liability
Minimum underlying Primary limit: $1,000,000 CSL

We will provide coverage only in conjunction with the classes stated above, and for eligible classes only.

Farms

  • We will not write farms.

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