Not all carrier appetites can be directly integrated for quoting in the Terminal. Some risks may require additional underwriter attention, and each carrier's integrated appetite differs. Specific risks, like Lessor's Risk Only (LRO) risks, are not fully integrated for quoting in the Terminal for some carriers.
Factors contributing to these declines include:
NAICS Classification: The industry classification of the business being quoted.
Requested Coverage: The type and extent of coverage selected.
State of the Business: The location of the business, as some carriers have state-specific guidelines.
If you receive an "out-of-appetite" message in the Terminal, but you believe the carrier does have appetite, we encourage you to contact the carrier directly to confirm.
Discrepancies between the Terminal and other quoting platforms may occur due to differences in the inputs used. For example:
A different NAICS code may have been selected.
The coverage options chosen may vary.
The state entered may differ from the one used in Terminal.
These variations can lead to different appetite outcomes. Verifying that your inputs align with those used in other quoting platforms can help address this issue.
If you believe that the Terminal is incorrectly showing a risk as ineligible, we encourage you to reach out to support@boldpenguin.com.
To improve your chances of obtaining a quote, consider the following best practices:
Double-Check NAICS Codes: Ensure the correct industry classification is selected for the business.
Review Coverage Selections: Confirm that the requested coverage aligns with the carrier's offerings.
Verify State Information: Make sure the business's state is accurately entered and matches the carrier's guidelines.
Consult Carrier Guidelines: Familiarize yourself with the carrier's underwriting appetite to better understand their preferences.
If you would like to suggest a coverage type for the Terminal, please take a minute to complete this form and share your feedback: Agency Feedback.