Commercial Binding Procedures New Business

NEW BUSINESS:
Please visit the Home page to access the General Liability Commercial Comparative Rater. In this rater you may obtain Commercial GL Quotes for Florida business. You may also print applications, submit for binding approval and make payment from this system. In some instances your quote will need to be submitted to the Carrier for approval. Please allow 24 hrs for review of your new submission.

  • If risk is approved by the underwriter or carrier, a binder and/or a copy of the policy will be emailed to the agency email we have on file.
  • If risk is declined, a binder decline will be emailed to the agency email we have on file.
  • If your agency binds a new business application  and does not collect or forward premium due prior to cancellation of policy due to nonpayment, your agency will be billed for any earned premium or minimum premium due in addition to fully earned fees/charges.

GL RATER – TIPS FOR SUCCESS:
1. To avoid a BINDER DECLINE, please be sure to classify the risk correctly. Please call an underwriter for assistance with classifications at 352-638-9400.
2. In the GL Rater, on the Quote Summary page there will almost always be classification notes (notes were designed to help you to properly classify the operation of the insured} – in this section it will indicate if a supplemental is required for the classes you selected. You will also be prompted before submitting the quote for approval to print the required supplemental from www.ibgreen.com.
3. Most Carriers require the signed and completed applications and any applicable supplementals be uploaded to the quote BEFORE submitting for underwriting approval. Please provide all required completed apps/forms to avoid declination of the submission.
4. If your quote summary screen states “DO NOT COLLECT ANY PREMIUM UNTIL YOU SUBMIT THE RISK AND RECEIVE APPROVAL FROM US” then do NOT collect premium and instead only upload completed BUT Unsigned applications/supplementals to the quote before submitting it for approval. When this message is seen the quote pricing and conditions are subject to change and require carrier approval.

If you wish to obtain a quote for Garage, Package, Property, Ocean Marine or Inland Marine please fax applications to 352-638-9498 or send an email to commercial@ibgreen.com. Specific applications can be found on the Commercial Apps/Forms page. If all required information is received then a quote, or declination will be released to you within 24 hrs depending on completion of required application/forms and market availability.

If you wish to obtain a quote for Georgia or Alabama, please fax Acords to 352-638-9498 or send an email to commercial@ibgreen.com. If all required information is received then a quote will be released to you within 24 hrs if a market is available. Please note, in order to bind we must have a copy of the state license on file as well as the signed producer agreement for that state.
Please note: Premium payment is required within 10 days to avoid a notice of cancellation for GL business.

RENEWAL BUSINESS:
The agency must fax us at 352-638-9498 or send an email to commercial@ibgreen.com to bind the renewal coverage by the expiration date of the policy.
If the renewal payment is not received from the insured in your office by the expiration date, call for approval to rewrite the policy. For Agency Bill and Insured bill policies, the insured may pay Irvin B. Green directly for their Renewal Policy either online/Make A Payment option or via check.

If your agency binds a renewal and does not collect or forward premium due prior to cancellation of policy due to non payment, your agency will be billed for any earned premium or minimum premium due in addition to fully earned fees/charges.