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What is VRC?

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Claims data for the Big “I” Professional Liability Program reveals that about 40% of claims involve failure to procure coverage and/or failing to adequately identify exposures. The Commercial and Personal Lines Risk Analysis Systems on VRC assist producers and CSR’s. How?
 
  1. By helping to understand exposures of businesses in more than 650 different industries, including recommended minimum coverages.
  2. By allowing them to create and print comprehensive questionnaires to collect the information necessary to complete ACORD applications.
  3. By providing a comprehensive list of coverages with succinct definitions to enhance understanding at the point of sale.
  4. By offering important customer file documentation in the form of a comprehensive checklist of coverages offered, accepted, rejected or not applicable which is signed by the customer and stored in the file.  

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