We'll need a complete description of business operations to give you an accurate quote for insurance. When in doubt, more information is best. Proper vetting of your clients’ applications prior to submission will reduce time-consuming back and forth requests for clarification and expedite the quoting process.
When describing business operations please include:
- What is the main purpose of the business?
- Does it offer a service or a product?
- What is manufactured, purchased, sold, or handled by the business?
- How, when, where, and by whom are the products or services procured?
This information is necessary and will help prevent a change in classification(s) during our Post Bind review.
Examples of why the description of operations is important
Manufacturing – Description on Submission: Employer is engaged in the manufacturing of aircraft parts.
Clarification required regarding FAA certification.
- If FAA certified, the appropriate classification would be 3831(1) – MACHINE SHOPS – aircraft components.
- If not FAA certified, the appropriate class would be 3632(1) – MACHINE SHOPS – N.O.C.
Construction – Description on Submission: General contractor engaged in cabinet installation.
Clarification required regarding whether the general contractor installs cabinets during remodel work or as a single job with no other trades performed.
- If installation of cabinets is part of a remodel job, then classes 5403/5432 – CARPENTRY, would apply.
- If the employer performs cabinet installation as a single job and no other trades are performed for the job, Class 5146, CABINET, FIXTURE OR TRIM INSTALLATION – N.O.C., would apply.