Beginning this month, State Fund is applying new underwriting protocols to a sample of roofing renewals and new submissions with estimated standard premium of $25,000 and lower.
The purpose of these new underwriting protocols is to ensure the exposure (specifically payroll estimates and number of employees) aligns with the roofing operation. Correct exposures allow for determination and timely collection of the accurate premium for employers operating in this high hazard industry. Applying these protocols now is in advance of a full launch later this year that will affect all State Fund new and renewal roofing submissions.
If your client’s submission is selected for upfront underwriting review during this time, you'll receive a specialized Roofing Supplemental Application which requires completion and signatures prior to quote delivery.
The supplemental application has a dual purpose of collecting the correct expected exposures and understanding the current level of safety controls in place. The information provided will help State Fund to better understand your client’s operations and may help determine if State Fund’s safety resources could benefit them and assist in preventing injuries.
As your official State Fund Access Partner, we look forward to connecting you to a carrier whose priority is to better assess and service this high hazard industry.
Thank you,
Your Access State Fund Team