To add Business Income to a quote, follow the steps below:
1 - Navigate to the Building Coverages section and select the location/building on the right hand side
2 - Scroll to the bottom of the Building Coverage section and select the 'BI Coverage' tab
3 - Select the Coverage Type from the 'BI Coverage Type' dropdown
4 - Enter the limit amount into the 'Limit of Insurance' field
5 - Select the limit option from the 'Coinsurance & Indemnity Options' dropdown
6 - Select the 'Calculate Premium For BI Coverage' button
To add Business Income to an existing policy, follow the steps below:
1 -Open policy and select the 'Endorse' buttonto begin endorsement
2 - Enter the endorsement effective date (tab to store) and select the 'Generate Endorsement Number and Proceed' button
3 - Navigate to the Property > Building Coverages section and select the location/building on the right hand side
4 - Scroll to the bottom of the Building Coverage section and select the 'BI Coverage' tab
5 - Select the Coverage Type from the 'BI Coverage Type' dropdown
6 - Enter the limit amount into the 'Limit of Insurance' field
7 - Select the limit option from the 'Coinsurance & Indemnity Options' dropdown
8 - Select the 'Calculate Premium For BI Coverage' button
9 - Scroll to the Policy Services (Endorsement) tile and select the 'Calculate Premium' button
10 - Review the generated endorsement wording for accuracy, make edits as needed
11 - Select the "Preview Endorsement' button to view the endorsement
12 - Select the 'Complete/Issue Endorsement' button to submit the change