RLI eXS Commercial Umbrella |
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FMS is proud to bring FAIA member agents the RLI eXS program.
RLI has proven to be a trusted and valued partner when it comes to the Personal
Umbrella Policy and @Home Business Policy programs. Now we’re pleased to bring
you eXS!
Writing commercial umbrella coverage for your insureds has never been easier.
All we need is an ACORD 125 (Commercial Insurance Application Applicant
Information Section) and an ACORD 131 (Umbrella Section) completed and mailed,
faxed, or emailed to us. We’ll get the quote done and turned around to your
agency in record time. All we need to bind coverage is an email and the
required additional information. Coverage is written with Mt. Hawley Insurance
Company, rated A+ by A.M. Best and limits of up to $5 million are available.
Eligibility requirements—in order to qualify for this e-XS
Program an applicant must:
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Have 10 or less automotive power units new business or 12 or less for renewals
and a radius of operations less than 100 miles; no Extra Heavy trucks, Tractor
Trailers or Buses. No owned or non-owned delivery exposure.
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Have annual sales/receipts no greater than $10,000,000 new business or
$12,000,000 for renewals with the following additional requirements:
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(1) Apartments and habitational risks must be 3 stories or less in height, no
more than 500 units, and no HUD, Section 8, or subsidized housing;
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(2) Offices, retail/wholesale and other OL&T type risks must not exceed
50,000 square feet per building provided that buildings are separated by at
least 25 feet of clear space per story of building height;
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(3) General Contractors must not construct buildings exceeding three stories in
height or more than 250,000 square feet in area and may not engage in new
residential construction other than apartments (however residential service
installation and renovation after the certificate of occupancy are generally
acceptable);
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Have an acceptable past loss history that does not have:
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(1) $100,000 in the aggregate within any one year for any one line of coverage;
or
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(2) $50,000 or more for any single loss.
| Hazard Grade |
The
Hazard Grades used to determine eligibility, acceptability, and pricing are as
follows:
Grade
1 Risks – Desirable: Accounts in this category are desirable and may be
written freely in accordance with this program.
Grade
2 Risks – Average: Accounts in this category have greater inherent
hazards than Grade 1 risks, but are also desirable.
Grade
3 Risks – Special: These classes are acceptable, but require special
handling, i.e. individual risk underwriting and pricing based on recognition of
the conditions and hazards that may or may not exist for the individual risk
being considered. Usually supplemental data is required to properly
underwrite the exposures for these risks.
Applicants that have exposures
in an ISO classification rated as NQ in the Commercial Umbrella Hazard
Index Guide or that do not otherwise meet the above Eligibility Requirements
are not qualified for the e-XS Program. Risks with a “P” Grade are not
acceptable on any basis.
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For a complete Hazard Guide,
click here.
Statement of Diligent Effort
FAIA members earn 12 percent commission on new and renewal
business with eXS. In addition, revenues generated to FMS are included in the
calculation for earning the Utilization Bonus.
For More Information on any of our products please contact:
Lynn White
Phone: 850.893.4155x322
Fax: 850.893.8002
lwhite@faia.com
Or contact your FAIA Member Service Representative
North Florida
Fred Phelps
850-893-4155 ext. 342
South Florida
Jackie Cook
941-223-5667
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