A. Package
Policies
-
Minimum premium $500
-
Grocery
classifications as defined by ISO.
-
Other retail
or office exposures if the majority of the risk is Grocery
classifications listed above.
(Majority of
the risk is defined as – The overall risk premium base must
represent at least 50% or more of the exposure. The exceptions
to this rule are Convenience Store and Strip Mall
classifications).
B.
Automobile -
A risk is
eligible for automobile coverage if:
-
Vehicles are used in the business of the insured.
-
Private passenger automobiles should be registered in the
corporate name to qualify for commercial rating.
-
The
insured has had prior insurance with a standard carrier and the
prior insurance was not canceled or non-renewed for non-payment or
underwriting reasons.
Drivers - A
driver is eligible if:
-
All
regular drivers must have a valid license in the state of
residence and have been licensed for over two years.
-
The
individuals driving record (MVR) must be obtained before coverage
can be bound to determine acceptability of risk.
C.
Financial
-
Any
account that carries an acceptable D&B RAM score. Refer to the
Grocers financial score card for acceptability.
-
1 year grocery
ownership experience required
Or
-
3 Years grocery
store management experience.
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