Ineligible Risks
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Risks with Underlying Limits of less than $1 million or carriers with less than
a Best A- VII rating.
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Risks with annual receipts greater than $25 Million.
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Exterior painting of building of more than 3 stories.
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Underwriting Guidelines
Policies may be written for one year (and in some
circumstances written short term or longer than a year - Contact underwriter for
information).
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Rating Information
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Limits of underlying policy. Must be at least $1 million
occurrence and $2 million aggregate.
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Premium of underlying policy.
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Auto may be added as an underlying policy only
when a general liability policy is also underlying.
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Underlying auto policy limits must be at least
$1 million/ $1 million bodily injury/property damage.
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Workers’ Comp can be added as an underlying policy at no charge.
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General Program Information
Deductible
Excess policies have no insured retention. Umbrella
Policies carry a $10,000 insured retention.
Risk Cancelled or Non-renewed by Other Company
Please refer any risk that has been cancelled or
non-renewed to BTIS prior to
submission. We ask that full information regarding the reason for cancellation
or non-renewal and the conditions or preventive steps taken by the applicant be
provided.
Audit Basis
Excess premiums and exposures are subject to final
audit the Company’s discretion. Earned premium for the exposure will be
determined at the end of the policy period.
Waiver of Premium
Additional or return premium account balances of $10.00 or
less will be waived.
Cancellations
Policies will be cancelled Pro rate (without
penalties) when policy is cancelled for the following reasons:
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At the request of the company;
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Nonpayment of premium;
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Insured no longer has a financial or insurable interest in the property or
business operation.
When a policy is cancelled for any reason other than outlined
above, a penalty of 20% of the pro rate unearned premium &/or minimum
earned will apply. The minimum premiums per each $1 million of limit is fully
earned on an Excess policy.
Reinstatement with a Lapse in Coverage Guidelines
To avoid a lapse in coverage, all outstanding issues must
be addressed and/or payments must be received by BTIS prior to the cancellation date.
Payment Options
BTIS financed - BTIS
can arrange premium financing.
Full annual premium -
The producer may withhold commission and remit net payment in full.
Producer financed - The producer may
arrange financing with their vendor of choice.
Certificates of Insurance
Evidence of insurance can be provided by the agent
Additional Insured Guidelines
These are not done by BTIS as an Excess policy,
subject to it's exclusions, is a following form policy and will follow the
underlying carrier for coverages.
Additional Insured Forms Available
Please see Additional Insured Guidelines
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| Frequently
Asked Questions |
How do I find out more?
Use our live support for an immediate response or call your
CSR or Underwriter at 916.772.9200.
|
How do I get a Quote?
Submit Acord forms by fax to 916.772.9292.
|
How do I get a renewal quote?
Our Excess program does not automatically renew but getting
a Price indication and getting a Renewal quote is easy by filling out the
online application (be sure to put renewal and the policy number on the
submission) and submitting it to your Underwriter.
|
Can BTIS finance this for me?
Yes, but please be aware that there is a minimum premium
per million of coverage and if the policy is cancelled the minimums will be
kept by the Company. (If there are questions on this please contact a CSR on
Underwriter)
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If I am having system problems, what do I do?
Use our live support for an immediate response or
call your CSR or Underwriter at 916.772.9200.
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Edition 7/1/08
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