Company Guidelines

Agency Resources, Inc.
Company Guidelines

Targeted Operations

Underwriting Criteria

Minimum experience mod: .70, maximum: 1.30, truckers: 1.25
Must have at least one continuous year in business, except contractors are required to have 2 years
Have a prior 5 year loss ratio under 35%
No subcontractors
No placement services or temporary agencies
No seasonal operations
No non-profits
No working out of the house/home
No franchises
No 24-hour operations
States available: AL, CT, DE, IL, LA, MD, NJ, NC, PA, SC, TN, TX, VA, VT
Multi-state operations are eligible as long as all states are eligible

Most Common Reasons for Rejection

Applicants who have been cancelled in the 3 years prior to the proposed policy inception date
Applicants who have been insured in a PEO or similar structure in the past 2 years
Premium too small
Premium too large
Unfavorable loss experience
Answers to the general information questions are not acceptable

Targeted Operations

Underwriting Criteria

Start-up operations must have 2 years of background and experience
Maximum experience mod: 1.35, subject to underwriting
All job classes and phraseologies must be eligible
No subcontractors
No laboratories
No placement services or temporary agencies
No seasonal operations
No non-profits
No working out of the house/home
No franchises
No 24-hour operations
States available: AL, CT, GA, IL, IN, KS, LA, MA, MD, NY, NC, PA, SC, TN, TX, VT
Multi-state operations are eligible as long as states are eligible

Most Common Reasons for Rejection

Targeted Operations

Underwriting Criteria

States available: AR, CT, GA, IL, IN, LA, MA, MD, ME, MI, NC, NH, NJ, OK, PA, RI, TX, VA, WI. Strong interest in NJ exposures.
Premium levels: Minimum ($1,000), Maximum ($25,000)
Mod level: 1.15 maximum
All account submissions require a complete application
Loss information verification is mandatory on all risk submitted
Loss runs required on all risks greater than $10,000 premium
All risks must have a minimum of 12 continuous months business experience
Must have at least one full-time employee
Managed care credit of 5% offered for New Jersey risks

Most Common Reasons for Rejection

Targeted Operations

Underwriting Criteria

All job classes and phraseologies must be eligible
No subcontractors
No laboratories
No placement services or temporary agencies
No seasonal operations
No non-profits
No working out of the house/home
No franchises
No 24-hour operations
No financial advisors or stockbrokers
No credit unions
No boat rental
No recycling centers
No airport exposures
States available: AL, CT, DE, FL, IL, IN, KA, KY, LA, MD, ME, MI, NC, NH, NJ, PA, RI, TN, TX, VA, VT

Most Common Reasons for Rejection