Creating a Policy

Policies exist as their own entities within AI Insurance. They can be attached to a single or multiple Insureds and/or events. Further, we support a number of policy types, they are:

• Claims Made
• Claims Made - “Tail” (Reporting Endorsement)
• Claims Made - “Nose” Prior Acts
• Claims Paid
• Occurrence
• Slot Coverage - Claims Made
• Slot Coverage - “Tail” (Reporting Endorsement)
• Slot Coverage - Occurrence

Accessing your Policies

Policies are easily found within our UI by clicking on “Policies” in the left hand navigation pane.

Creating New Policies

Click on “New Policy” as seen below

Define Policy Details

Enter the details about your policy

Note: When selecting the Primary Insured, you can either create a new insured or search for and select a pre-existing.

Add Insureds

Add all insureds covered through the policy.

Note: Be sure to select the correct relationship to the policy. Options include: “Named” or “Additional”

Define Coverages

In this step, you'll be adding your lines of coverage and all associated context, including limits, retroactive dates, deductibles, and insured-specific settings.

Click on "Add Coverage" and select the coverage type and limits. An example is below:

Within each line of coverage, we support the addition of limits, retroactive dates, and deductibles. Further, we support setting each of these at the insured-level when in need of customizing the policy across the insureds.

Set Billing (For Premium Billing users only)

In this section, we display the fee types and the corresponding amounts that will appear on the subsequent invoice. Users can add fees to this page and they’ll be added to the invoice accordingly.

Select Forms (For Policy Issuance users only)

In this section, you can select all your forms for this policy. If you're using our Smart Tagging feature, we’ll inject the corresponding information in place of each smart tag once the form has been added. These forms will be sent to the recipient the moment the Policy has been confirmed in the next step of the process.

Review and Confirm

This section provides a thorough overview, including policy details, a list of insureds, and lines of coverage across the policy.

Confirm the policy if you're satisfied that no additional changes are needed and you'd like to bind the policy.

Save a Draft of the policy if not ready yet to bind. You can come back to this policy in the Drafts section at any time.