Fetching the details of Account : Brite Logistics, Inc.

Brite Logistics, Inc.
5000 S Homan Ave, Chicago, IL 60632

LoB: Professional Liability and UMB

Getting the Policy Documents...

  New/Renewing Policy Expiring Policy Carrier Quote
Ins. Carrier Travelers Nationwide Travelers
Premium $23,000 $23,500 $22,000
Term 01/01/2022 - 01/01/2023 31/12/2020 - 31/12/2021
Policy Checklist View Summary

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Analyzing the Policy Checklist, creating the summary...

Policy variance with prior year stands at 8% with 2 values not matching in newly issued policy by Travelers. Quote proposal provided by insurer stands in similar category.

For umbrella policy, Broker CoPilot has done detailed analysis of the clauses and conditions for the newly issued policy to make sure notes given to Travelers are captured for coverage. Policy variance is in Insured name and location schedule.

Pattern has additional errors for Travelers policy drafting and requires one endorsement and one update to issue the policy.

Creating the report,

Analysis
Accuracy Rate
Automation Level
High
Total Parameters
24
Matched
22
Different
2

Pattern has additional errors for Travelers policy drafting trend and requires one endorsement and one update to issue the policy.

Variance Pattern

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Policy Checklist

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Policy ChecKlist
Fields
New/Renewing Policy Expiring Policy Carrier Quote

Name of the Insured Brite Logistics, Inc. Brite, Inc. Brite Logistics, Inc.
Address of the Insured 5000 S Homan Ave, Chicago, IL 60632 5000 S Homan Ave, Chicago, IL 60632 5000 S Homan Ave, Chicago, IL 60632
Policy # ABC12345DE6 CP638472KJ8
Term 01/01/2022 - 01/01/2023 31/12/2020 - 31/12/2021
Carrier (issuing company) Travelers Nationwide Travelers
Location Schedule Not Applicable for Umbrella Policy Not Applicable for Umbrella Policy Not Applicable for Umbrella Policy
Premium $576 $590 $600
Terrorism TRIA Included TRIA Included TRIA Included
Agency Name & Address Lakeside Insurance Partners LLC

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22 parameters are marked okay.
Updates are required for the named Insured and policy no. to be reregistered at Lakeside.

Policy Type CP shows Umbrella Policy EP shows Excess Policy Quote shows Excess Policy
Policy Limits Limits: $1,000,000/$2,000,000/$2,000,000 Limits: $1,000,000/$1,000,000/$1,000,000 Limits: $1,000,000/$2,000,000/$2,000,000
Retention/Self Insured Retention SIR: $10,000 SIR: $5,000 SIR: $5,000
Underlying Schedule (Company name, Policy number, Policy term & Limit) WC: Company Name: ABC Insurance Co. Policy#: abc123de Policy Term: 01/01/2022 - 01/01/2023 Limit: $500,000/$500,000/$500,000 WC: Company Name: XYZ Insurance Co. Policy#: abc123gef Policy Term: 31/12/2020 - 31/12/2021 Limit: $400,000/$400,000/$400,000 WC: Company Name: XYZ Insurance Co. Policy#: abc123gef Limit: $400,000/$400,000/$400,000
Exclusions - - -

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Policy variance is in Insured name, policy type and Premiums for the newly issued policy.
Pattern has additional errors for Travelers policy drafting and requires one endorsement and one update to issue the policy.

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SOURCE DOCUMENT Comparison
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Expiring Policy.pdf
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