Every Agency Wants to Save Money
When you meet any one of the below listed criteria, a 5% credit is applied to your premium---meet two of the three below listed for a maximum of 10% credit. There is no minimum premium threshold for an account to be eligible for the credit. The criteria must be met every year for the credit to be continued.
- USE OF AN ANNUAL EXPOSURE ANALYSIS PROGRAM (5% CREDIT)
- Needs to be a regular part of the agency’s procedures
- Requires that a client sign off on coverages not taken
- 3 new and 3 renewal exposure analysis checklists must be reviewed
- PROFESSIONAL TRAINING & DEVELOPMENT OF YOUR STAFF (5% CREDIT)
- 60% or more of the agency staff achieve recognized designations, including CRM, CISR, CPCU, CIC, and CPIA
- ATTENDANCE AT AN APPROVED E&O SEMINAR (5% CREDIT)
- Within the last 24 months or within the first 60 days after inception date
- For all internal CSR employees as well as the principal or office manager of the agency
- The seminars must address errors and omissions loss prevention
- Required attendees by office size:
- 1 – 3 staff = Principal/office manager or CSR
- 4 – 10 staff = Principal/office manager and 1 CSR
- 11 – 20 staff = Principal/office manager and 2 CSRs
- 21 and over = 20% or more of staff
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- Approved Seminars (must be minimum of 3 hour course)
- A 3 hour E&O loss prevention seminar
- Any CIC update for persons holding that designation in good standing
- The CIC Agency Management Institute for persons who do not have the designation
- The CISR Agency Operations seminar
- The CPIA seminars
- Any other seminar approved by Utica Mutual for this credit
- Approved Seminars (must be minimum of 3 hour course)