First Commercial Quote

[passivesf]

Hi guys, I'm new to commercial, a one man shop, and got my first chance to quote a commercial policy. It's an ice cream shop in a Simon Property large mall here in TX. They have a General Liability policy, Commercial Auto, Umbrella, and Workers Comp, no losses and they are paying ~$4,500 a year with the hartford. I am using insurance noodle and just need some basic general advice of what to watch for etc. This is in N. Texas.

Thanks in advance

 

[moeasadi]

make sure to change their policies at renewl.All your questions can be answered by Noodle UW.They were helpfull to me.Good luck.

 

[gavros777]

make sure to change their policies at renewl.All your questions can be answered by Noodle UW.They were helpfull to me.Good luck.

change their policies means write them under a different carrier?
why you need to change their policies at renewal? is it so you don't loose your commission?

 

[moeasadi]

most carriers have short fee cancellation fee that client has to pay if changing mid-term.

 

[bobson]

What ahppens if the prior agent is an ***? How much is the pentaly worth if they have a huge uncovered loss?

 

[FLInsa]

What ahppens if the prior agent is an ***? How much is the pentaly worth if they have a huge uncovered loss?

However much his E&O deductible is.

 

[Jerbond]

Hartford is probably going to be the lowest/best premium price. Maybe Travelers might be in the same range. Shop it, but you probably will be better off trying to Broker it over.