UNDERWRITING GUIDELINES
COVERAGE
Workers' Compensation and Employer's Liability
UNDERWRITING PHILOSOPHY
Our goal is to insure those accounts that demonstrate an active concern for workplace safety and an average to above average ability to control losses and loss exposures. Each account is underwritten with these concerns and abilities in mind.
MINIMUM PREMIUM: $1,000
ELIGIBILITY
- Insured must be engaged as its primary operation as a "non-profit" tax-exempt organization with an IRS designation of 501(c) 3, 501(c)4, 501(c)6.
- Insured must be in business for a minimum of three years; however, we will entertain an account if it has been in business less than three years but more than one year, provided we receive documented evidence of prior management experience.
- Risk Management must be: Stable for the past three years with no material change in operations, Experienced in operation's industry and Safety-conscious and compliant with any and all loss control recommendations.
- Written description of any individual loss greater than $15,000, including nature of injury, cause, and current status must be provided. Loss data provided should be valued within the last ninety- (90) days.
- Insured must have an Experience Rating Modification less than 1.30 but greater than .65.
TARGETED NONPROFIT ORGANIZATIONS
Community First will entertain a wide cross section of nonprofit organizations. Outlined below is a sampling of the type of nonprofits we will quote. Because the operations of nonprofits can be so varied, it is impossible to list every type of nonprofit. Therefore, if it's not listed below it does not necessarily mean we won't take a look at it.
Alcohol & Drugs Halfway Houses
Boys and Girls Clubs
Clubs-Social/Civic/Service/Fraternal
Community Action Agencies
Community Centers
Day Care Centers
Family Counseling Centers
Food Banks/Distribution Programs
Foundations
Group Home and/or Residential Care Facilities
Headstart Programs
Home Health Care
Humane Societies
Monasteries and Convents
Museums and Art Galleries
Outpatient Clinics
Schools
Regional Centers
Religious Institutions
Research Labs
Senior Housing
Sheltered Workshops
Symphony/Opera/Ballet/Theater
Theological Seminaries
Vocational/Adult Schools
INELIGIBLE EXPOSURES
Skilled Nursing Care
Hospitals
Mentally Ill Residential Facilities
Criminal or Parole Halfway Houses
Any insured requesting coverage under the following type rating plans:
1) Retrospective Rating Plan, or
2) Retention Plan, or
3) Large or Small Deductible Programs.
- Any insured with height exposures over two stories.
- Any Hazard Group IV (NCCI or California designation) Exceptions for insureds rated Hazard Group IV in California but Hazard Group I, II, or III by NCCI may be referred for consideration prior to quoting or binding.
- Any insured which is not engaged as its primary operation as a "non profit" tax exempt organization with an IRS designation of 501(c) 3, 501(c)4, 501(c)6.
MAXIMUM LIMITS
COVERAGE A: Statutory
COVERAGE B: $1,000,000 each accident/each employee & $1,000,000 aggregate
|
