Newsbrief

January 23, 2024

Punitive or exemplary damages exclusion

States affected: AL, OK, RI, TX, VA

 

A Punitive Or Exemplary Damages Exclusion will begin automatically attaching to new business and renewal quotes/policies according to the schedule below:

 

Texas: Starting Jan. 18 for policies with a written date on or after Feb. 1 (eCLIQ® and eCLIQ® Simple™)

 

Oklahoma, Rhode Island and Virgina:  Starting Jan. 25 for policies with a written date on or after Feb. 1 (eCLIQ)

 

Alabama:  Starting Feb. 8 for policies with a written date on or after March 1 (eCLIQ)

States affected: AL, OK, RI, TX, VA   A Punitive Or Exemplary Damages Exclusion will begin automatically attaching to new business and renewal quotes/policies according to the schedule below:   Texas: Starting Jan. 18 for policies with a written date on or after Feb. 1 (eCLIQ® and eCLIQ® Simple™)   Oklahoma, Rhode Island and Virgina: …

AK, KS: Take our new auto product out for a spin

Our new commercial auto product in eCLIQ® Simple™ offers enhanced pricing segmentation, flexible coverages and a much faster, easier quoting experience. What’s more, expanded eligibility allows you to quote most commercial auto risks!

 

You’ll have the most success writing multiline accounts with the following risk characteristics:

 

  • Retail, general/health/professional services, real estate, food manufacturing and carpentry industries
  • Well-established businesses (15+ years)
  • Older vehicles (15+ years)*
  • Drivers age 40+ without violations
  • Quotes with heavily populated driver lists, preferably with at least as many drivers on the policy as there are power units
  • Claims-free businesses
  • Smaller fleets with 1-4 power units

 

*Older vehicles typically have lower repair costs and lower annual mileage than new vehicles.

 

Learn more about auto in eCLIQ Simple by visiting the agent portal – and be sure to sign up for one of our instructor-led webinars, with available times Jan. 23 and 25.

 

Note that, with the launch of our new auto product in eCLIQ Simple, we’ve discontinued the legacy auto product we’ve offered through the eCLIQ platform. You are currently only able to quote new commercial auto business in eCLIQ Simple. This change only applies to new business and does not affect existing policies.

 

 

Our new commercial auto product in eCLIQ® Simple™ offers enhanced pricing segmentation, flexible coverages and a much faster, easier quoting experience. What’s more, expanded eligibility allows you to quote most commercial auto risks!   You’ll have the most success writing multiline accounts with the following risk characteristics:   Retail, general/health/professional services, real estate, food manufacturing…

Giving paper its walking papers

Earlier this month, we ceased printing standard forms previously included in all renewal packets. Printed renewal packets continue to include declarations pages, any new or updated forms, special forms with specific limits and any documents we’re legally required to print.

 

Note that, in the short term, excluded forms will not appear in the online versions of policy renewal packets. However, you may continue to access policy documents from prior years online and have access to our library of policy forms and manuals on the agent portal.

 

Other recent paper cuts

 

  • Agency copies of policies written in eCLIQ® and eCLIQ® Simple™ discontinued: We heard these copies head straight to your paper shredder, so we figured we’d give your shredder some much-needed rest. You can still access an online copy within a day of issuing a policy.
  • Third-party memo copies of policies written in eCLIQ and eCLIQ Simple discontinued: Same deal. Most third parties now accept a certificate of insurance, but if you ever need an extra copy of a policy for a third party, simply access it online and email it.

 

Our commitment to digital

 

Liberty Mutual’s digital capabilities strengthen relationships by helping you meet each business customer’s unique service expectations for speed, convenience and hands-on guidance. Give your customers digital access to help create an unbeatable service experience: 24/7 peace of mind that complements the work you do every day as a trusted advisor.

 

 

Earlier this month, we ceased printing standard forms previously included in all renewal packets. Printed renewal packets continue to include declarations pages, any new or updated forms, special forms with specific limits and any documents we’re legally required to print.   Note that, in the short term, excluded forms will not appear in the online…

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