|
Inland marine insurance may account for only a small percentage of the premium for a commercial account, but--if done right--it often accounts for a much larger percentage of the profit margin.
For years, the AAIS Inland Marine Guide has been the insurance industry's definitive guide to forms, rating information, and underwriting guidelines for the nonfiled classes. In an intensely competitive market, the
Guide helps you write more business more effectively. Even companies that maintain their own inland marine forms use the
Guide as a valuable shelf reference.
The Guide provides more than 200 forms and endorsements for nonfiled classes. Common inland marine coverage conditions are written into the main coverage forms for each class, eliminating the need for bridge endorsements and simplifying the task of packaging AAIS and non-AAIS forms. The forms can also be written as stand-alone policies.
With the Guide, you get product resources for a wide range of diverse classes:
Construction: Builders' Risk,
Contractors Combination, Contractors' Equipment, Installation Floaters, Riggers' Liability
Electronic Data Processing: EDP coverage for mainframes and PCs
Floaters: Bailee, Exhibition, Processing Risks, Sales Representatives' Samples, Scheduled Property,
Mobile Equipment
Legal Liability: Motor Truck Cargo, Warehouse Operators
Communications: Radio and TV Towers and Equipment
Transit: Transportation, Trip Transit, Owner's Cargo
Watercraft: Yachts
Other: Difference in Conditions and Bailees' Customers
The Inland Marine Guide provides:
-
Detailed explanations of coverages, including coverage intent, property covered, property not covered, additional coverages, perils excluded, valuation, coinsurance, and more
-
Underwriting guidelines that address risk selection, hazards, optional coverages, and loss control
-
Sample rating procedures with detailed guidelines for selecting loads and factors, applying IRPM modifications, and determining a final premium
In 2004, AAIS filed the Inland Marine Guide
forms in states that do not exempt the "nonfiled" classes from
form filing requirements. AAIS has also made advisory rules and
rating filings in a few states that do not exempt nonfiled
inland marine classes from rate filing requirements.
Like all AAIS affiliates, users of the
Inland Marine Guide receive a free copy of the AAIS
Compliance Guide
that details filing requirements for nonfiled classes. AAIS
staff can assist with filings.
For information
contact the marketing department
at (800) 564-AAIS.
|
