Product/Service

Software for Determining Small Business Owner Coverages

Source: PRIORITY Data Systems, Inc.
PriorityRate BOP is a Windows-based Business Owner's Package (BOP) that provides company-specific rating to insurance agents for the determination of premiums and coverages for small business owners
PRIORITY Data Systems, Inc.e BOP is a Windows-based Business Owner's Package (BOP) that provides company-specific rating to insurance agents for the determination of premiums and coverages for small business owners.

The software is customized to reflect company-specific rules, rates, coverages, and classifications. According to the manufacturer, it is able to rate an unlimited number of locations and occupancies, and risk classifications can be previewed before rating. In addition, the software performs premium recalculations, features customizable defaults, and accommodates ISO or carrier-specific modifiers, deviations, and rating algorithms.

The software has the ability to look-up territory by location, earthquake territory, or zip code, to keep multiple quotes open simultaneously, and to fax quotes and proposals. The software also features online help screens, and a Dual Sets of Rates functionality that displays a small business owner's current and most recent rates.

Additional features include:

  • Available with ACORD forms, carrier-specific applications, worksheets, proposals, and binders.
  • Available in a 32-bit Windows-based desktop format.
  • Internet upgrade available.
  • PRIORITY DataLink upgrade that allows for Internet connectivity available.

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