What are Supplemental Applications?
Supplemental applications are crucial in the Excess and Surplus (E&S) market. Underwriters often encounter unique and hard-to-place risks, requiring comprehensive insight into exposures to effectively underwrite the risk. The Supplemental Application contains risk-specific information tailored to a particular industry or risk class (e.g., contractors, lessor's risk, cyber, etc.) to assess eligibility with the carrier. It consists of detailed, class-specific questions to aid underwriters in evaluating and pricing the risk and determining whether it meets their underwriting guidelines. Supplemental applications streamline the collection of critical risk details for insurance agents/brokers, eliminating the need for back-and-forth communication with their clients.
Insurance agents can upload any supplementals when quoting with Pathpoint or can contact their Account Manager for any questions before quoting.
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