News
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Expanded Service. Competitive Rates. Product Innovation. The Future.
 
These have been the areas of focus for BIS this year.  We want to take a moment to summarize some of the deliverables so far in 2017

We improved the Rates:

  • -14.1% in CA (starting 10-1-16)
  • -6.6% in WA (starting 6-15-17)

Of course these are just average statewide premium decreases.  Targeted classes/exposures are enjoying even larger decreases


New Services:

  • No more logging-on-  We now attach policy documents as pdfs to our email alerts
  • We’ll bill your Broker Fee- Just add the amount to your new and renewal quotes and let our wide array of direct bill options handle the collections.  With just $5/installment and no credit card fees, you can’t beat it  
  • New CA Renewal Option- Automatic Renewal- No Premium.  If elected, the renewal offer to Policyholders will be silent on premium/fees unless the increase is >25%.  Gives you more flexibility to make changes prior to the renewal date (including your broker fee).  Ready to switch?
  • Automatic Notices in OR & WA- CCB or L&I automatically receive notice whenever a cancellation or reinstatement endorsement is processed

Changes:
 
ID0046 - Hotel/Motel now considered “residential” along with apartments, condominiums, townhomes, dormitories, retirement and assisted living facilities

ID0032 - Exclusion for Construction of New Residence- This is an optional endorsement for residential remodelers that includes a 15% credit.  It now defines new construction as original construction or remodel where the residence has been taken down to the foundation or 60%+ of the sq ft of the exterior walls demolished or added   

$50 License Bond Credit- Now applies if the Contractors License Bond is placed with any AmTrust carrier including Developers Surety & Indemnity Company (DSI), Indemnity Company of California, CorePointe Insurance Company, or Wesco Insurance Company

BIS Wholesale:

  • Auto and Work Comp products- We are again offering access to these AmTrust lines to round out our Small Contractor Program.  Please just let us know if you would like your quotes to include these lines  


New Look & Feel:

We Rebranded- You might have noticed our new color scheme and logo launched at the end of June along with updates made to our website and all of our documents.  In addition to new look and feel, we improved our Product Guides, Billing Invoices, Audit Questionnaires and optional Renewal Questionnaire.  

We also added additional resources to insuranceBIS.com, including:

  • Audit FAQ-  Addresses common Producer and Policyholder questions about policy audits. Our blank Audit Questionnaire is also now available  
  • New Account Review FAQ- Geared toward making Policyholders comfortable with our new business survey process and what to expect
  • New BIS Wholesale Appetite Guides and Applications 
  • Completed Ops Additional Insured Request Form- helps capture the details upfront!
Coming Soon:

We’re still busy working on a number of offerings that we would like to offer before year end:
  • New application- We think there is room for improvement
  • New website- We know there is room for improvement
  • New states- 9 more coming
  • Excess Product- With limits up to $5M
  • Solar Panel Installers- Soon to be a new eligible class
We are working hard at BIS to grow, innovate, improve, and set the stage for the future. 
Please let us know what we can do to strengthen our partnerships and help you grow your business in 2017.