Model New Business Submission Guide for Agents

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GOALS OF THIS GUIDE

New Business submissions are a vital part of our partnership in elevating Louisiana. We want our agent partners to be successful profitably growing your book of business with LWCC. Using this Model Submission guide will provide the best opportunity for winning new business for your agency and fostering great relationships with your underwriters.


Pre-Submission

  1. Complete ACORD 130 Application.
  2. Build your company narrative and description of operations.
  3. Use the Class Code Questionnaire Tool to get supplemental questions upfront
  4. Request loss runs
  5. Request NCCI E-Mod (if company qualifies and is rated)


When can I submit an application?

LWCC accepts submissions 120 prior to the effective date. Logging in to CompZone will display the current earliest effective date which you can complete an application.


How can I submit a new application?

LWCC offers several options for submitting a new business application. (Use graphics and small descriptive sections for various methods).

  • Key-in the application online in CompZone
  • Email the ACORD Form to application@lwcc.com



What information constitutes a complete submission?


Required Information

The below is the minimum information needed in order for LWCC to properly evaluate and issue a valid quote for your application.


  • Completed application, including description of operations in the “Nature of Business” field.
  • Substantive answers for supplemental class code questions.
  • Loss runs for the previous five years, valued no later than 120 days from the date of submission.
  • Details for any losses greater than $10,000 incurred.
  • Summary of premiums paid and losses incurred for the most recent 5 years.
  • Currently Valued NCCI Experience Modifier Worksheet (if company qualifies and is rated)
  • LWCC is unable to upload E-mod information


Supplemental Information

The below is supplemental information that can be provided for LWCC to further evaluate and underwrite more precisely the risk associated with your application. This information is not required, but can be valuable in trying to attain the most appropriate rating for your submission and you might already be providing it to carriers for other lines of coverage.

  • Detailed Company Narrative that can include:
  1. Company history.
  2. Description of work performed and typical customer.
  3. Photos of company premises and/or samples of job sites.

    • Company brochures or flyers.

    • Safety Policies and Procedures Collateral:
    1. Safety Manual(s).
    2. Evidence of Safety Meetings/Education.
    3. Inspection Reports relevant to premises or worker safety, and any pertinent actions taken.

      • Any other supplemental information that would help your underwriter have a more informed review of your submission.

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