Frequently Asked Questions

General

We offer competitive & affordable premiums with coverage backed by multiple Insurance Carriers – however, pricing cannot be determined until our Underwriting Department has reviewed a completed application.

How do I get a quote? How long does it take to get a quote?

We need a completed application returned to provide pricing and requirements. The normal turnaround time for a quotation is 5-8 business days. If you need a quote sooner, call our office once you submit the application, to confirm we have received it, and to let us know it is urgent.

What limits of insurance do I need?

Protecting your assets can require different limits. Consider what you have to lose in the event of a lawsuit being filed against you or your business. This may depend on if you have a lease you need to comply with. The most requested limit is $1,000,000.

Why am I charged a tax?

We write insurance through “Surplus Lines Carriers”. Each state requires we file taxes for each policy.

What is a Broker Fee?

This is our service fee for handling the account and issuing the policy.

Can I customize my policy to fit my specific needs?

Yes, at PPIB we understand that every business is unique and has distinct insurance requirements. We offer customizable policies to endure that your coverage aligns with your specific business needs

How do I apply for a quote?

Go to the program page that decribles your business. Click the Apply Now button or Submit Application button and fill out our application. The normal turnaround time to get a quote is 5-8 business days. If you need a quote sooner, call our office once you submit the online application and let us know it’s urgent.

Application Details

Do I need to complete an application when I am renewing my policy?

Yes, our contract with the insurance carriers requires us to receive a completed application with a fresh signature/date at every renewal. This also helps us confirm if you need any changes to your policy that were not done throughout your current policy. We like to evaluate each client by obtaining accurate information to provide a customized product to protect their business every year.

Do I need to complete the property section of the application requesting the details of the building I lease? Such as year built and year of building updates?

If you are requesting property coverage for your business personal property, then yes. If the building is more than 20 years old, the insurance carrier requires the most recent updates to the plumbing/wiring/roof/HVAC of the building rented or leased by you and your business. This may require a conversation with your landlord. If the information is unavailable, we can send out an inspector for an additional inspection fee.

If I cancel my policy, will I get any money back?

Upon receipt of a completed, signed/dated Cancellation Form, our accounting department will calculate any unearned premium. This is set down by policy terms.

Broker Info

How do I become appointed with PPIB

To become appointed, we will need a copy of your Agency’s license, copy of declarations page or certificate of insurance of Agency’s E&O, signed & dated Broker Agreement and W9. Please click here to access our Broker Agreement.

Do I need to be appointed to get a quote?

No, we can offer you a quote without you being officially appointed, but we will need to have you appointed in order to bind coverage for any client.

Do I have to complete PPIB's Application for a quote?

We prefer you complete PPIB’s application for us to provide accurate terms. Since we have customizable coverage to offer your clients, we have specific questions we need answered. Therefore, we have created a specific application to obtain all the information we need to provide an accurate quote for your clients. Acord applications and other supplemental applications are missing many of the important questions to help obtain critical information to determine accurate terms. This is why we prefer our application to be completed to obtain a quote. We want to make sure the quote we are providing has the most accurate terms for you to bring to your client.

What is needed to bind a quotation?

A list of the binding requirements will be proved on the quote, in a section on the last page of the letter, advising what is needed in order to bind coverage. Please note we need all binding requirements at time of the bind request in order to bind the policy.

Can we file our own taxes?

Our carriers require us by contract to file all surplus lines taxes. However, brokers with Surplus Lines Licenses may be able to file taxes in certain states.