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Everest National and its affiliated companies offer the primary insurance market a combination of financial strength and technical expertise. We specialize in program business. Additionally, through our Custom Account facilities, we have the capability and expertise to underwrite large, commercial insureds. |
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Environmental
Everest has a complete list of Environmental Insurance Products and Applications
available to licensed surplus lines producers, on a non-admitted basis through Everest
Indemnity Insurance Company. For the past 10 years, Everest has specialized in the underwriting of environmental insurance and we are
recognized as a leader among environmental insurance providers. We offer full array of
Claims and Loss Control services for this business as well. To contact us for additional information you can
call 1-800-269-6660 and speak to Raymond Baker, VP-Marketing.
Everest's main focus in the primary insurance
market is program business. We write program business on an admitted basis
through Everest National
Insurance Company,
Everest Reinsurance Company
and Everest Security Insurance
Company. We target homogeneous classes of
business written through select Program Administrators. These programs include,
but are not limited to, Workers Compensation, General Liability, Professional
Liability, Commercial Automobile, and Property.
Program
Administrator Selection Criteria
Everest Program Administrators are the key to
our success, and we are willing to work with them to bring the best possible
products and services to the market. Our Program Administrators are independent
business people who are able to market, rate, underwrite and issue policies on
Everest's behalf. Some Program Administrators also perform loss control and
handle claims. At a minimum, we require the following of our Program
Administrators:
Everest is a "boutique" program carrier. We are
looking for those books of business that have a profitable track record, growth
potential and unique characteristics that will set the programs apart in the
marketplace. These characteristics might arise from one or more of the
following:
Everest does not set specific criteria related
to the size of a program. However, a program must have enough critical mass -
usually anywhere from $15 million to $20 million - to be profitable when both
losses and expenses are considered. Obviously, higher fixed cost programs need
a greater premium volume to achieve these profitability goals.
Program Development
Process
The following is a brief overview of the
program development process. This is not a serial process and many of these
steps will overlap.
The first step to developing a program with
Everest is to have a discussion with one of our program directors. Click on our
Program Quick Data Sheet
and you'll see the basic information we need for this discussion.
If both parties wish to pursue a program, the
next step is to complete the
Everest Initial Underwriting Request for a Prospective Program
. This is a much more detailed questionnaire and will require attachment of
various documents. This questionnaire is available for download in Rich Text
Format, which can be read by most common word processing programs. We treat
your information with the utmost confidentiality.
Once we receive the initial underwriting
request we will complete our initial analysis.
As part of the analysis we may schedule a visit
to your place of business to review your marketing, underwriting, operations,
systems, accounting, and applicable claims operations. This helps us better
understand your needs and your business processes. It also helps you better
understand our capabilities, expectations and how we work.
Program Quick Data
Sheet
Click here to complete our on-line
Program Quick Data Sheet.
Program Submission
Guide
Click here to download in rich text format our
Everest Initial
Underwriting Request for a Prospective Program.
Key Contacts
At Everest, we work with our
Program Administrators to develop the best programs for the insurance
marketplace. In some cases, that means doing things other than traditional
insurance.
We have experience with
captives, risk purchasing groups,
risk retention groups, trusts, and
safety groups to name a few. Please contact us for
information regarding these non-traditional mechanisms.
Direct Retail
Western Regional Office
Custom Accounts AGENCY/BROKER RELATIONSHIP -
Our desire is to develop strong, mutually beneficial relationships with a
select group of appointed Agents and Brokers that currently write this customer
segment. Our target Agents and Brokers are those that are willing to work with
our underwriting organization and possess the knowledge and expertise to deal
with this customer segment and have strong influence on the customer's buying
decision.
MINIMUM PREMIUM - The
minimum Workers' Compensation premium must be > $100,000 in California prior
to application of experience modification. For General Liability and Auto, we
are generally looking for a minimum premium of $100,000 for each of these lines
of business.
PLANS - Guaranteed Cost,
Retros and Large Deductibles. We will have the ability to offer combined lines
programs. For Retros and Large Deductibles, we will need audited financial
statements.
LINES OF BUSINESS - Our
initial strategy will be to write Workers' Compensation, Automobile and General
Liability lines of business with the majority of operations and exposures
residing in California. We also plan on expanding to additional geographic
area, where prudent in the near future. We have the capability of writing
primary Automobile, Liability and Workers' Compensation in all states.
CLAIMS AND LOSS CONTROL
OTHER ISSUES
CONTACT
Standard Workers Compensation
Accounts
PREMIUM ELIGIBILITY - The Workers'
Compensation premium eligibility for this customer segment is $20,000 -
$100,000 in California premium prior to application of experience modification.
We have the capability of writing Workers' Compensation in all states.
RATE PLAN - Guaranteed Cost
CLAIMS AND LOSS CONTROL
OTHER ISSUES
CONTACT
Eastern Custom
Accounts Facility Agency/Broker Relationship -
Our desire is to develop strong, mutually beneficial relationships with a
select group of appointed Agents and Brokers that currently write the larger
customer segment. Our target Agents and Brokers are those that are willing to
work with our underwriting organization and possess the knowledge and expertise
to deal with this customer segment and have strong influence on the customer's
buying decision.
Custom Accounts Definition -
"Custom Accounts" are those customers that require customization of coverage,
service, and often display a willingness to bear a significant portion of their
insurance risk. Minimum Premium - As a
general rule, Custom Accounts are those customers that generate charged premium
of $250,000 or greater in single state or multi-state premium.
PLANS
For Retrospectively Rated Risks and Large
Deductibles we require audited financial statements. LINES
OF BUSINESS
CLAIMS
AND LOSS CONTROL
OTHER
ISSUES
CONTACT
Everest Property Facility - Tampa
CONTACT
California Personal
Auto Insurance
For California drivers, Everest National Insurance
Company will provide a cost estimate for its lowest priced personal auto policy
for which the consumer is eligible. For a cost estimate, contact 1-800-545-7742
ext. 115 between 8:00 a.m. and 4:00 p.m. EST. |
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