Appetite Bulletin 11.6.23

The Hartford: Workers Compensation

Expanded appetite and monoline capabilities now provide more opportunities to grow your workers’ compensation portfolio. With over 500 available classes, depending on the industry, they can accept risks with payrolls of up to $20,000,000.

Key Highlights:

Bind Ratio: 82% (of accounts submitted through their system)
Commission: 11% New and 9% Renewal. For NB premium over $10,000, The Hartford has the ability to offer 20%.
Notable Exclusions: Certain classes of business may be limited depending on the risk state.

Recent Wins: Utica

Here are some examples of recent bound business through our Commercial Lines Brokerage Team:

Coffee Shop (Limited-Service Restaurants)
Church
Grocery store
Auto Repair Shop
Child Day Care Services

The Hannover: Technology Companies

Get residential builders risk insurance for new home construction in a snap. Just answer six questions, provide the risk address, and receive a formal quote with no underwriting holds.