Property and Casualty 101

Property and casualty insurance

Question 7

What information will you need to supply to obtain coverage?

Insurance carriers want to know as much as possible about your company. This helps them provide the type of coverage you desire at a commensurate price. Requested information usually includes:

  1. Basic information about your business and its ownership
  2. Your company’s latest audited financial statements
  3. Permission for a carrier to access information about
    1. Past insurance claims
    2. Credit/consumer reports
    3. Other information/records – which will vary by carrier

Keep in Mind:

It is important that all the information you provide to the insurance company be accurate. Inaccuracies in any information requested can result in the policy being cancelled.

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The information contained in this website represents the products and services available through one of the business groups of Automatic Data Processing Insurance Agency, Inc. (ADPIA). ADPIA services mid and large size clients with various insurance products and services through its other business groups.

All insurance products will be offered and sold only through Automatic Data Processing Insurance Agency, Inc., its licensed agents or its licensed insurance partners, 1 ADP Blvd., Roseland, NJ 07068. CA license # 0D04044. Licensed in 50 states. Automatic Data Processing Insurance Agency, Inc. is an affiliate of ADP, LLC. Certain services may not be available in all states. Certain services are provided through the carrier partners and an additional carrier fee may apply. ADP and the ADP Logo are registered trademarks of ADP, LLC. Copyright © 2016 ADP, LLC.