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UNDERWRITING GUIDELINES

RTW


TARGETED OPERATIONS

  • Retail Shops
  • Hospitality
  • Office professional
  • Light Manufacturing
  • Automobile Service and Repair
  • Restaurants

UNDERWRITING CRITERIA

  • Risks in business less than one year should have equivalent, documented experience in a similar position/capacity
  • All job classes and phraseologies must be eligible
  • Short-term policies on case-by-case basis
  • No placement services or temporary agencies
  • No employee leasing
  • No risks with 24-hour exposure
  • No food delivery
  • States available: States acceptable NJ, PA, IL, CT, MD, FL except AK, CA, HI, LA, ME, MA, NH, NM, NY, ND, OH, OK, OR, WA, WY and monopolistic states
  • Multi-state operations are eligible as long as states are eligible

MOST COMMON REASONS FOR REJECTION

  • At least one class code is not eligible
  • Loss ratio exceeding 50% for the previous 3 year period
  • Transportation risks and Trucking risks are ineligible
  • Applicants currently coming out of a PEO
  • Accounts with undocumented gaps in coverage
  • Risks with employees that predominantly work from home
  • Must have employees other than owner
Products and services are offered through Agency Resources, a division of Safehold Special Risk, Inc., dba Safehold Special Risk & Insurance Services, Inc. in California. Safehold is a division of Wells Fargo Insurance and a non-bank insurance agency affiliate of Wells Fargo & Company. Coverage is provided by unaffiliated insurance companies.
Yes

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