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Guidelines for Insurance Specifications

Risk Management

Summary

Guidelines for Insurance Specifications has been prepared to aid insurance buyers, risk managers, agents, and brokers in the preparation of insurance specifications and related requests for proposals.

Once an insurance program is designed, the desired and required coverage terms must be communicated to underwriters, and this handy guide helps you prepare clear and concise instructions. It contains model specifications for 24 commonly purchased types of commercial lines insurance.

Allows you to quickly prepare detailed and accurate specifications tailored to any organization's needs. This thorough guide explains how to properly bid insurance programs, clearly communicating the insured's coverage requirements.

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Product Description

Guidelines for Insurance Specifications covers these topics.

  • Insurance Bidding
  • Service Provider Selection and Evaluation Checklist
  • Model Request for Proposal
  • Model Specifications
  • Business Auto Coverage Specifications
  • Workers Compensation Coverage Specifications
  • Commercial General Liability Coverage Specifications
  • Umbrella Liability Coverage Specifications
  • Direct Damage and Time Element Property Coverage Specifications
  • Builders Risk/Installation Coverage Specifications
  • Contractors Equipment Coverage Specifications
  • Boiler and Machinery Coverage Specifications
  • Crime Coverage Specifications
  • Aircraft Liability and Hull Coverage Specifications
  • Nonowned Aircraft Liability Coverage Specifications
  • Professional/Errors and Omissions Liability Coverage Specifications
  • Directors and Officers Liability Coverage Specifications
  • Employment Practices Liability Coverage Specifications
  • Fiduciary Liability Coverage Specifications
  • And More!

Benefits to You

  • Quickly create a set of specifications tailored to fit the needs of virtually any organization when bidding commercial property and liability insurance programs.
  • Prepare comprehensive and effective insurance specifications by customizing the model specifications.
  • Save time developing specifications by customizing the template.
  • Get insightful and practical advice about the pros and cons of different approaches to competitively bidding your program.
  • Prepare comprehensive and effective insurance specifications by customizing the model specifications.
  • Save time developing specifications by customizing the template.

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