CIS often getst questions about our business model and relationships with carrier partners. Some of the most frequent questions are presented below along with the answers. Please contact firstname.lastname@example.org with any additional questions.
CIS has a program management contract with Travelers, BerkleyMed and Coverys that establishes exclusive underwriting authority for the Managed Care industry for Travelers Management and Professional Liability product lines and for BerkleyMed for Excess Managed Care E&O, D&O, EPL Fiduciary and FI Crime; and for Coverys for Excess Managed Care E&O, D&O and EPL. The Travelers contract has been in place since 2002, the BerkleyMed contract has been in place since 2013, and the Coverys contract has been in place since 2018. These contracts provide CIS with underwriting authority and the ability to underwrite, quote, bind, bill and issue policies. CIS works very closely with the program contacts at Travelers, BerkleyMed, and Coverys and has an excellent relationship with all three companies.
Send your submission with email@example.com. CIS maintains a database of accounts that can be viewed by Travelers and copies the local Travelers office on any quote provided. CIS works with BerkleyMed and Coverys directly on any account that would be placed with them.
Yes, the Travelers underwriter will forward the account to CIS for handling and the CIS quote will include a copy to the Travelers underwriter. Contacts at BerkleyMed and Coverys will also forward any request for Managed Care E&O coverage to CIS for a quote.
If the agent/broker is not handling the account on a fee basis, they will receive a commission. CIS does not charge any additional fees.
CIS receives an underwriting fee from Travelers, BerkleyMed, and Coverys. CIS does not charge any additional fees.
Managed Care accounts include the following;
In most cases, CIS can provide a quote on any of the products offered with any application, the most recent CPA prepared financial statement and a loss run/loss experience. Detailed submission requirements are addressed under each individual product.
In most cases, CIS can provide a quote within 24 to 48 hours of receipt if needed. Larger accounts, large limits, and more complex cases will generally take up to a week. CIS is committed to meeting the deadline provided by the agent/broker.