An underwriter insurance is a specialized type of insurance that is provided for underwriters. In this case, you can get a bond for these employees. The bond covers the underwriter for improper acts. In most cases, the improper act is gross negligence in the underwriting process. For a bond, this is a key part on how this is being written. Most of these bonds are written based on a class of employees instead of just on a specific employee. However, you can have this done on an individual by individual basis. However, when bonds are written that way, there are a bit cheaper, but they take longer to write.
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via Blogger What is an Underwriter Insurance