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Umbrella Requirements

📌 Issue/Question: How do I mark a party compliant if a party’s insurance meets requirements based on aggregated line items.

Updated over a week ago

Quick Answer

✔️ You can mark insurance requirements compliant by checking the appropriate boxes if the coverage meets your risk appetite or use waivers/overrides to document exceptions.


Step-by-Step Instructions

Step 1: Review the Certificate of Insurance

  • Open the party’s certificate of insurance.

  • Check the requirements.

Step 2: Determine Requirements are Met

  • If the party has requirements that are showing non-compliant decide if documentation provided meets your risk standards based on workflow practices.

  • If acceptable, Click Edit and check the box to acknowledge the requirement is met.

Step 3: Address Limit Shortfalls

  • If documentation provided does not meet the requirements (e.g., $4M provided instead of $5M), decide whether to accept it.

  • If acceptable, document it using waivers or overrides.

  • If unacceptable, leave as non-compliant.


Troubleshooting & FAQs

💡 Common Issue 1: "I’m unsure if combining GL and umbrella is acceptable."

Solution: Consult your broker to confirm whether the total coverage meets your risk requirements.

💡 Common Issue 2: "The system is not reflecting my changes."

Solution: Ensure you've clicked Save after making selections. If the issue persists, refresh the page.


4. Additional Resources

📚 Related Articles:

💬 Still Need Help? Contact [email protected] or chat bot for assistance.

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