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        • OVER 700 PRODUCT CLASSES

          Prime Insurance Company offers excess and surplus lines, property and casualty insurance.

          Yes, we cover that.

          Don’t see your product line or class listed? Contact us, we can more than likely work with you and create an insurance policy that fits your needs.

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        • TYPES OF COVERAGE

          • Active Shooter Liability Coverage
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          • Garage Liability & Towing
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          • Prime Property & Casualty Insurance Inc.
          • Product Liability
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        • Popular Classes

          • Amusement and Recreation Industry
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          • Bars and Restaurants
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          • Medical Professional
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Prime Points for Producers

  • Payment is required to bind coverage unless on approved account current list.
  • Effective date is tied to when payment is received.
  • We are not direct billed.
  • Retro-active coverage defaults to re-write effective date.
  • Liability coverage is subject to self-insured retention.
  • The personal guarantee is required to bind coverage, or the SIR needs to be 100% funded.
  • Minimum earned premium could be higher than the industry standard.
  • The policy may be fully earned in an event of a loss.
  • The insured must sign and return a copy of the Policy Receipt Form
    to our Risk Management team at rmd@primeis.com or faxed to 877-585-2852 within 10 days from when they receive the policy.

Frequently Asked Questions

Below is a list of questions we often receive from insurance producers. If you have other questions, please contact us at 800-257-5590 or producerservices@primeis.com. You can download a PDF version of our FAQ, right here.

Underwriting

Do you write in all states?

Yes, we write in all 50 states as well as, D.C., Guam, Puerto Rico, and the U.S. Virgin Islands.

Is there a required minimum amount of premium to write with your company?

No, there is no minimum to write with us.

Are you a broker or wholesaler?

Neither, we are a carrier.

Do I need to have an agreement to submit a quote?

No, we do not require a signed agreement on file until you are ready to bind a risk.

How fast is the appointment process?

Once we receive all necessary documents, we typically have the appointment
finished within 24-48 hours.

Do you accept third party/outside vendors for filing surplus lines taxes?

No, we do not. If you don’t have a surplus lines license, we will write you through our in-house brokerage firm, Evolution Insurance Brokers, LC.

Why do you have different agreements?

Our agreements are applicable to the license you have and the business you are writing

How do I get online access?

You can get online access through the producer code we sent you in your acceptance letter. If you worked with a wholesaler and you are the retail agent, you will need to get access through the wholesaler.

Can the insured get online access to their account?

Yes, they can get access using their policy number.

How long are Prime quotes good for?

30 days.

Will Prime quote potential insureds more than 30 days until expiration or renewal?

This is an Indication Quote only. The prices listed below are subject to review and
change after receipt of any requested additional information. The Indication Quote is valid for thirty (30) days unless the company withdraws this indication in writing or issues a new or revised Indication Quote.

Accounting

What premium finance company do we use?

Greenlight Premium Finance Company or we give you the choice to use a 3rd party vendor you prefer.

If we are using Greenlight Premium Finance Company (“Greenlight”) to finance premium, does the insured pay the down to Greenlight?

No, the down payment should still flow through your company. Your company should retain the commission, and if your company is the surplus lines broker, please retain the taxes also.

Where does Greenlight send funding?

Greenlight sends funds to the carrier.

If I mail a check then send in a copy, are you able to bind?

Yes. We can process your check electronically as an EFT. Payments can also be made via credit card using our online stored card function.

If the insured is financed with Greenlight requests a change, which results in return premium, are they able to use the return premium for future additions?

No, return premium is sent to Greenlight on the very next business day. Upon receipt, all remaining payments are lowered equally.

What are the requirements to add additions to Greenlight?

We must be advised in writing that the borrower would like to add to Greenlight. It is best to include with the service request. Insured must be in good standing with contract and have at least two payments remaining.

Prime Points for Producers

  • Payment is required to bind coverage unless on approved account current list.
  • Effective date is tied to when payment is received.
  • We are not direct billed.
  • Retro-active coverage defaults to re-write effective date.
  • Liability coverage is subject to self-insured retention.
  • The personal guarantee is required to bind coverage, or the SIR needs to be 100% funded.
  • Minimum earned premium could be higher than the industry standard.
  • The policy may be fully earned in an event of a loss.
  • The insured must sign and return a copy of the Policy Receipt Form
    to our Risk Management team at rmd@primeis.com or faxed to 877-585-2852 within 10 days from when they receive the policy.
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© 2023 Prime Holdings Insurance Services, Inc., all rights reserved | Privacy Policy | Legal Disclaimers

Prime Insurance Company (“PIC”) is an unlicensed excess and surplus lines insurance company domiciled in the State of Illinois and its principal place of business is in Sandy, Utah. Full disclaimer at www.primeis.com/legal.

This communication does not contain any assertion, representation, or statement with respect to the business of insurance or with respect to any person in the conduct of his or her insurance business, that is untrue, deceptive, or misleading, and that is known, or that by the exercise of reasonable care should be known, to be untrue, deceptive, or misleading.

Statements made regarding insurance coverage are for general description purposes only and they do not amend, modify, supplement, or alter any insurance policy in any way, including but not limited to claims purposes, nor do they provide details regarding terms, conditions, coverage, exclusions, or services of any insurance policy. Policy eligibility is subject to underwriting qualifications and approval. Contact PRIME INSURANCE COMPANY for more information.

All information, content, and materials available on this site are for general informational purposes only. This information does not, and is not intended to, constitute legal advice on any particular set of facts or circumstances, and may not constitute the most current legal developments. No user or browser of this site should act or refrain from acting based on the contents of this site without first seeking legal advice from counsel in the appropriate jurisdiction. This website may also contain links to content from third-party web sites which are intended only as a convenience for the user or browser and are not necessarily recommended or endorsed by Prime Holdings Insurance Services, Inc. and its affiliates. All liability with respect to actions taken or not taken based on the contents of this site are hereby expressly disclaimed. The content on this website is provided "as is" and no representations are made that the content is free of errors.

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