Policies may be written for one (1) year and in some circumstances written short term (minimum of 90 days) or longer than a year.

Ineligible Risks

• Risks with underlying limits of less than $1 million or carriers with less than an A.M. Best A- VII rating
• Risks with annual receipts greater than $25 million
• Exterior painting of a building of more than three (3) stories (AIG can consider on a case by case basis)
• New structural residential construction

Rating Information

• Limits of the underlying policy must be at least $1 million occurrence and $2 million aggregate; contractor risks require $2 million products
• Need to know the premium of the underlying policy
• Auto may be added as an underlying policy, but only when a General Liability policy is also underlying
• The underlying Auto policy limits must be at least $1 million/$1 million bodily injury/property damage
• Workers' Comp can be added as an underlying policy at no charge

Deductible
Most states have $0 SIR or deductible. Excess policies have no insured retention.

Audit Basis
Excess premiums and exposures are subject to a final audit at the company's discretion. Earned premium for the exposure will be determined at the end of the policy period.

Waiver of Premium
Additional or return premium account balances of $10.00 or less will be waived.

Risk Cancelled or Non-renewed by Other Company
Please refer any risk that has been cancelled or non-renewed to BTIS prior to submission. We ask that full information regarding the reason for cancellation or non-renewal and the conditions or preventive steps taken by the Applicant be provided.

Cancellations
Policies will be prorated (without penalties) when cancelled for the following reasons:

• At the request of the company
• Nonpayment of premium
• Insured no longer has a financial or insurable interest in the property or business operation

When a policy is cancelled for any reason other than outlined above, a penalty of 10% of the prorated, unearned premium and/or minimum earned will apply.

Reinstatement
To avoid a lapse in coverage, all outstanding issues must be addressed and/or payments must be received by BTIS prior to the cancellation date.

Payment Options

• BTIS Financed - BTIS can arrange premium financing.
• Full Annual Premium - The Producer may withhold commission and remit net payment in full.
• Producer Financed - The Producer may arrange financing with their vendor of choice.

Certificates of Insurance
Evidence of insurance can be provided by the Agent.

Additional Insured Guidelines
These are not processed by BTIS. An Excess policy (subject to exclusions) is a following form policy and will follow the underlying carrier for coverage.