1. Account Overview
This submission was received from Morgan & Hayes Risk Partners seeking Sutherland's participation on a non-admitted basis for a large mixed-use commercial portfolio. The account demonstrates stable ownership, favorable loss history (no paid losses in five years), and compliance with Sutherland's E&S underwriting appetite.
2. Coverage & Terms Summary
| Coverage | Limit | Deductible | Basis |
|---|---|---|---|
| All Risk, incl. Fire and EC | $50,000,000 TIV (per occurrence) | $25,000 all other perils | Replacement Cost |
| Windstorm, Hail | Included | 5% of TIV per location (where applicable) | Subject to terms & conditions |
| Flood | Excluded (no locations in SFHA) | — | — |
| Earthquake | Excluded | — | — |
| Boiler & Machinery | Included | $10,000 | Replacement Cost |
3. Underwriting Summary
- Construction: Predominantly non-combustible / masonry (ISO class 4)
- Occupancy: Mixed-use (office, retail, light industrial)
- Year Built Range: 1985–2019
- Protection: Sprinklered, central station alarms
- Loss Runs: Clean (5 years)
- Flood Zone: Non-SFHA
- Aggregation: Within Sutherland tolerance
4. Pricing Summary
5. Underwriting Notes
- Account fits within Sutherland Property Guideline §1: Risk Appetite ("High-value commercial properties >$10M TIV per location").
- Construction and occupancy acceptable under §1 ("Office buildings, mixed commercial properties").
- Quote issued under junior underwriter authority (<$25M TIV per location).
- No referral triggers present under §6 (no coastal exposure, no flood risk, no large habitational occupancy).
6. Subjectivities
- Binding subject to final confirmation of SOV values and broker compliance documents.
- No coastal or hospitality exposures to be added without Sutherland referral.
Apprentice Knowledge Base
These guidelines apply to all commercial property risks underwritten by Sutherland Insurance Company on a non-admitted basis...
All submissions must meet minimum requirements including current property valuations, loss history, and risk engineering reports...
Minimum windstorm deductible for Tier 1 coastal hotels shall be 5% of building value per occurrence...
1. Gather Required Documents
Context: Listing missing underwriting docs from guideline §2.
Agent actions:
- Click "Request Docs from Broker" or mark as "Received."
- Required list auto-generated for material change:
- Updated Statement of Values (SOV) including new property
- COPE data sheet (Construction, Occupancy, Protection, Exposure)
- 5-year loss runs for the new location
- Broker narrative on losses / remediation
- Flood elevation certificate (since it's coastal)
2. Validate and Extract Risk Data
Agent reviews auto-parsed fields extracted from uploaded docs:
- TIV = $20M
- Occupancy = Hotel (Hospitality)
- Construction = Masonry / Non-combustible
- Location = Miami Beach, FL
- Prior losses = 2 (2021, 2023 – water intrusion)
- Protection = Sprinklered? (toggle/verify)
Agent can confirm or edit each field.
3. Confirm Referral Triggers
System cross-checks the data with the Underwriting Guideline (§6):
"Coastal hotels > $10M TIV trigger referral."
Agent actions:
- See auto-flag "Referral Required – Coastal Hotel > $10M."
- Click "Confirm Referral Reason" dropdown (check boxes):
- New State (FL)
- Coastal Tier 1 Wind Zone
- Hospitality occupancy
- Prior loss history
4. Run CAT Model Prep
Action:
- Click "Prepare CAT Model Input."
- Generate CAT data (AIR/RMS) with extracted fields.
- Agent checks: distance to coast, roof type, elevation, etc.
5. Update Exposure Totals
Action:
- The system auto-adds $20M TIV to the portfolio (total now $70M).
- Agent reviews exposure table (per-state, per-occupancy).
6. Compile Submission Package
Action:
- Click "Generate Material Change Package."
- Compiling: updated SOV, COPE summary, loss runs, referral note, CAT input.
- Agent reviews for completeness and submits to Senior UW queue.
7. Compliance Check
Action:
- System displays "Confirm FL Surplus Lines Filing."
- Agent confirms or routes to compliance team.