Summit Releases Online Workers Compensation Tool for Southeast

Summit, a provider of workers’ compensation insurance services in the southeastern states, has released web-based WriteNow Risk Eligibility Tool, a complementary feature to the company’s WriteNow Online Quoting Service.

The WriteNow Risk Eligibility Tool allows insurance agency staff to determine account eligibility for Summit’s workers’ compensation programs and to view specific information related to a business’s risk category. Details, such as prior coverage requirements, minimum premium, current rates, and preinspection requirements, are readily available and categorized by state and Summit-managed carrier.

“This is far more than just simple convenience,” according to Lynn Houser, Summit’s vice president of underwriting. “It represents a new level of transparency in the underwriting process. Our agency partners now see what our underwriters see, and this gives them the information they need to make informed choices on behalf of their clients.”

The WriteNow Risk Eligibility Tool also gives users the ability to review the North American Industry Classification System (NAICS) codes that may apply to their clients. Because Summit now uses NAICS codes as well as the traditional class code system to analyze potential risks, accounts are evaluated on a highly specialized level, potentially broadening qualifying business under this new underwriting system.

Summit said an 78 percent of its submissions are received online via WriteNow Online Quoting Service, and agencies receive instant underwriting decisions for nearly half of them.

Summit is part of Liberty Mutual Agency Markets.

Source: Summit
http://www.summitholdings.com/

Topics Workers' Compensation Talent